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The impact of ambiguity prudence on insurance and prevention

Berger, Loïc - 2015

Most decisions concerning (self-)insurance and self-protection have to be taken in situations in which a) the effort exerted precedes the moment uncertainty realises, and b) the probabilities of future states of the world are not perfectly known. By integrating these two characteristics in a...

Persistent link: https://www.econbiz.de/10010486991

Export decision under risk

Sousa, José de; Disdier, Anne-Célia; Gaigné, Carl - 2019

Persistent link: https://www.econbiz.de/10012234761

Building uncertainty into the adaptation cost estimation in integrated assessment models

Markandya, Anil; De Cian, Enrica; Drouet, Laurent; … - 2016

uncertainty into Integrated Assessment Models (IAMs). Uncertainty is transformed into a risk-premium, damage-correction, region …. This risk premium quantifies what society would be willing to pay to insure against the uncertainty of the damages, and it … highly sensitive to the coefficient of relative risk aversion. Once the climate change damage function incorporates the risk …

Persistent link: https://www.econbiz.de/10011451668

The day after tomorrow: mitigation and adaptation policies to deal with uncertainty

Bazzana, Davide; Menoncin, Francesco; Vergalli, Sergio - 2021

The catastrophic events are characterized by "low frequency and high severity". Nevertheless, during the last decades, both the frequency and the magnitude of these events have been significantly rising worldwide. In 2021, the European Commission adopted a new Strategy on Adaptation to Climate...

Persistent link: https://www.econbiz.de/10012609390

Sharing model uncertainty

Hara, Chiaki; Mukerji, Sujoy; Riedel, Frank; Tallon, … - 2024

Persistent link: https://www.econbiz.de/10014537225

Three forewords

Phelps, Edmund S. - 2008

Persistent link: https://www.econbiz.de/10009304941

Uncertainty in cooperation between service buyers and sellers

Eriksson, Kent; Sharma, Deo; Silver, Lars - 1999

Persistent link: https://www.econbiz.de/10001363522

A model of firm experimentation under demand uncertainty : an application to multi-destination exporters

Akhmetova, Zhanar; Mitaritonna, Cristina - 2013

Persistent link: https://www.econbiz.de/10009790053

Flexible waste management under uncertainty

Di Corato, Luca; Montinari, Natalia - 2013

In this paper, we use stochastic dynamic programming to model the choice of a municipality which has to design an optimal waste management program under uncertainty about the price of recyclables in the secondary market. The municipality can, by undertaking an irreversible investment, adopt a...

Persistent link: https://www.econbiz.de/10009702232

Ambiguous beliefs on damages and civil liability theories

Mondello, Gérard - 2013

This paper analyzes the meaning of comparing the economic performance of strict liability and negligence rule in a unilateral standard accident model under Knightian uncertainty. It focuses on the cost expectation of major harm on which the injurers form beliefs. It shows first that, when the...

Persistent link: https://www.econbiz.de/10010189329