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Cerdeiro, Diego - 2015

network exposures. We study the problem of designing a network that provides the right individual incentives. Motivated by … cybersecurity, we first study the situation where the threat to the network comes from an intelligent adversary. We show that, by … addressed by disconnecting the network into two unequal components and sacrificing some nodes. At high costs, under …

Persistent link: https://www.econbiz.de/10013020985

Dynamic Uncertainty and Global Warming Risk

Bosello, Francesco - 2015

When economic agents decide their optimal environmental behavior, they have to take into account non continuos evolutionary trends and irreversible changes characterising environmental phenomena. Given the still non perfect biophysical and economic knowledge, decisions have to be taken in an...

Persistent link: https://www.econbiz.de/10012708308

Uncertainty and the Double Dividend Hypothesis

Sartzetakis, Eftichios S. - 2009

This paper examines the double dividend hypothesis in the presence of labour income uncertainty. Empirical evidence shows that uncertainty over labour income is particularly significant in developing, while not negligible in developed countries. Under uncertainty, and assuming incomplete capital...

Persistent link: https://www.econbiz.de/10012721022

Uncertainty and Risk-aversion in a Dynamic Oligopoly with Sticky Prices

Valentini, Edilio - 2019

In this paper we present a dynamic discrete-time model that allows to investigate the impact of risk-aversion in an oligopoly characterized by a homogeneous non-storable good, sticky prices and uncertainty. Our model nests the classical dynamic oligopoly model with sticky prices by Fershtman and...

Persistent link: https://www.econbiz.de/10012889402

Three Layers of Uncertainty : An Experiment

Aydogan, Ilke - 2018

We experimentally explore decision-making under uncertainty using a framework that decomposes uncertainty into three distinct layers: (1) physical uncertainty, entailing inherent randomness within a given probability model, (2) model uncertainty, entailing subjective uncertainty about the...

Persistent link: https://www.econbiz.de/10012915397

A Simple Framework for Climate-Change Policy Under Model Uncertainty

Athanasoglou, Stergios - 2017

We propose a novel framework for the economic assessment of climate-change policy. Our main point of departure from existing work is the adoption of a "satisficing", as opposed to optimizing, modeling approach. Along these lines, we place primary emphasis on the extent to which different...

Persistent link: https://www.econbiz.de/10012959549

Partnerships for a Better Governance of Natural Hazard Risks

Calliari, Elisa - 2014

This paper discusses the role played by decentralized, voluntary multi-stakeholder partnerships between public authorities and agencies and/or public authorities and civil society for disaster risk reduction. We pay attention to Public-Public Partnerships (PuP), a term coined for public...

Persistent link: https://www.econbiz.de/10013045398

Adapting to Climate Change : An Analysis Under Uncertainty

García-León, David - 2016

Climate change is a phenomenon beset with major uncertainties and researchers should include them in Integrated Assessment Models. However, including further dimensions in IAM models comes at a cost. In particular, it makes most of these models suffer from the curse of dimensionality. In this...

Persistent link: https://www.econbiz.de/10012997671

Catastrophic Risk, Precautionary Abatement, and Adaptation Transfers

Bosello, Francesco - 2015

This paper contributes to the normative literature on mitigation and adaptation by framing the question of their optimal policy balance in the context of catastrophic climate risk. The analysis uses the WITCH integrated assessment model with a module that models the endogenous risk of...

Persistent link: https://www.econbiz.de/10013030222

Integrated Assessment of Climate Catastrophes with Endogenous Uncertainty : Does the Risk of Ice Sheet Collapse Justify Precautionary Mitigation?

Diaz, Delavane - 2015

Greenhouse gas policies confront the trade-off between the costs of reducing emissions and the benefits of avoided climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter, and one that has not yet been well incorporated into...

Persistent link: https://www.econbiz.de/10013019654