Using Credit Default Swap spreads, we construct a forward-looking, market-implied carbon risk factor and show that … carbon risk affects firms' credit spread. The effect is larger for European than North American firms and varies … to carbon risk when market-wide concern about climate change risk is elevated. Finally, lenders expect that adjustments …

monthly frequency. The econometric identification exploits exogenous monthly within-grid-cell variation in weather conditions …

This study examines the effect of smallholder farmers' access to a formal climate risk transfer mechanism on their risk … preferences. Survey and experimental data were collected from smallholder farmers that have access to weather index-based crop …-purchaser farmers. Similarly, non-purchasers would have attained a significant reduction in their risk-aversion if they had taken up the …

price rises at the risk-adjusted interest rate. Adding damages leads to a higher carbon price that grows more slowly. But as …

This article deals with the integration of taxes into real option-based investment models under risk neutrality and … risk averison. It compares the possible approaches dynamic programming and contingent claims analysis to analyze their …, dynamic programming and contingent claims analysis yield identical investment thresholds under risk neutrality. In contrast …

that different risk-groups prefer different types of contracts, and that only the sequential contracts, which are …

between funded and unfunded systems when there are sources of uninsurable risk that are allocated in different ways by …