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In a paper of 2000, Kaas, Dhaene and Goovaerts investigate the present value of a rather general cash flow. Making use of comonotonic risks, they derive upper and lower bounds for the distribution of the present value. These bounds are very close to the real distribution in case all payments...
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Most of the contributions that deal with cooperation issues in transfrontier pollution problems, bear only on pollutants that do not accumulate. Moreover, most articles that deal with the dynamics of the problem (implied by the pollutant's accumulation) leave aside the issue of the voluntary...
Persistent link: https://www.econbiz.de/10004985284