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Belief-neutral efficiency in financial markets
Beißner, Patrick; Riedel, Frank - 2025
Heterogeneous beliefs among market participants can lead to questionable speculative trading that goes beyond any risk-sharing motives. We demonstrate that such unwarranted betting behavior in market equilibrium can be mitigated by introducing nonlinear pricing for ambiguous contracts, without...
Persistent link: https://www.econbiz.de/10015272951
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Uncertainty over uncertainty in environmental policy adoption : Bayesian larning of unpredictable socioeconomic costs
Basei, Matteo; Ferrari, Giorgio; Rodosthenous, Neofytos - 2023
The socioeconomic impact of pollution naturally comes with uncertainty due to, e.g., current new technological … scenario will be realised and the scientific debate is still open. This paper captures those two layers of uncertainty by …
Persistent link: https://www.econbiz.de/10014277005
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Aspects of designing sustainable development policies in developing countries
Mukashov, Askar - 2021
Persistent link: https://www.econbiz.de/10012802670
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Causes of climate models uncertainty and implications for economic policy
Greiner, Alfred - 2025
In this paper it is shown that climate models are characterized by uncertainty and its causes are pointed out. It is … is well understood. However, as regards the feedback effects of higher temperatures, parameter uncertainty, model … uncertainty and the chaotic nature of the climate system give rise to a considerable degree of ignorance regarding the climate …
Persistent link: https://www.econbiz.de/10015329843
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Uncertainty of climate models and policy implications : a European perspective
Greiner, Alfred - 2024
characterized by high uncertainty. Hence, far reaching policy implications such as the net zero goal lack a definite scientific …
Persistent link: https://www.econbiz.de/10015053416
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An assessment of the short-term impact of COVID-19 on economics and the environment : a case study of Indonesia
Malahayati, Marissa; Masui, Toshihiko; Anggraeni, Lukytawati - In: Economia : revista da ANPEC 22 (2021) 3, pp. 291-313
The COVID-19 pandemic has already made a significant impact on various sectors. No country was fully prepared to face this global pandemic, and Indonesia is no exception. For Indonesia, this pandemic shook not only the public health service system but also the economy. This study makes...
Persistent link: https://www.econbiz.de/10013162325
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Biofuels and Climate Change Mitigation : A CGE Analysis Incorporating Land-Use Change
Timilsina, Govinda R.; Mevel, Simon - 2012
The question of whether biofuels help mitigate climate change has attracted much debate in the literature. Using a global computable general equilibrium model that explicitly represents land-use change impacts due to the expansion of biofuels, this study attempts to shed some light on this...
Persistent link: https://www.econbiz.de/10012551167
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The value of biodiversity in economic decision making : applying the IEEM+ESM approach to conservation strategies in Colombia
Banerjee, Onil; Cicowiez, Martín; Malek, Žiga; … - 2020
In this paper we evaluate the economic, natural capital and ecosystem services impacts of strategies for conserving Colombias rich natural capital endowment. Specifically, we consider Government program proposals for establishing Payment for Ecosystem Services (PES), implementing more...
Persistent link: https://www.econbiz.de/10012587042
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Methods for modeling public policy and investment impacts on the economy, natural capital and ecosystem services
Banerjee, Onil; Crossman, Neville; Vargas, Renato; … - 2020
The year 2020 is a critical year for sustainable development policy and practice with the review and renewal of various international commitments including the Sustainable Development Goals, the Convention on Biological Diversity and the Paris Agreement. The post-2020 agenda needs to be informed...
Persistent link: https://www.econbiz.de/10012587560
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An Amazon tipping point : the economic and environmental fallout
Banerjee, Onil; Cicowiez, Martín; Macedo, Marcia; … - 2021
The Amazon biome, despite its resilience, is being pushed by unsustainable economic drivers towards an ecological tipping point where restoration to its previous state may no longer possible. This is the result of self-reinforcing interactions between deforestation, climate change and fire. In...
Persistent link: https://www.econbiz.de/10012601489