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the complete risk management process. An Example from a mechanical engineering company is used for the final validation of …
Persistent link: https://www.econbiz.de/10009467405
. It suggest a microeconometric method for measuring flooding related risk preferences of affectedindividuals. The method …-experimental approach to measure differences in the risk attitudes of farmers located in highflooding risk areas versus farmers located in … low flooding risk areas is followed. Changes in flooding risk relatedbehaviour over time is analysed and marginal effects …
Persistent link: https://www.econbiz.de/10009442826
-Walrasian disequilibrium approach and describe optimizing agents. These agents use chance constraints which depict a Cash Flow at Risk approach …
Persistent link: https://www.econbiz.de/10009449067
Persistent link: https://www.econbiz.de/10009434475
Since about 40 percent of the overall emissions are caused by consumers and already 81 percent of all consumers would prefer low carbon products if they had the choice, it would be a desirable goal to increase the demand for climate friendly products in addition to regulatory requirements or...
Persistent link: https://www.econbiz.de/10009461025
We have analyzed the application of decision analysis and risk management tools to solve practical problems associated … with Climate Change and Risk Detection in the financial services industry. Geoengineering, which is described as an … to completely different results. We also analyzed the application of risk management in the financial services industry …
Persistent link: https://www.econbiz.de/10009429336
occurrence of catastrophic events and societal risk aversion than economists have used in the past. Numerical simulations are … then used to calculate a range of risk premiums, the magnitude of which display that previous calculations of optimal …
Persistent link: https://www.econbiz.de/10009429397
Social, political, and economic trends suggest that the United States may soonjoin other United Nations Framework Convention on Climate Change (UNFCCC)countries in drafting substantive, national climate change policy. After providing a briefoverview of past and present climate action taken both...
Persistent link: https://www.econbiz.de/10009429420
Hotter countries are poorer on average. This paper attempts to separate the historical and contemporaneous components of this income-temperature relationship. Following ideas by Acemoglu et al. (Am Econ Rev 91(5):1369-1401, 2001), we use colonial mortality data to account for the historical role...
Persistent link: https://www.econbiz.de/10009429434
The economics of information is a broad field covering all aspects of information including decision making. We briefly describe 4 methods used to model the decision-making process. This is not an exhaustive list of the methods used to value information, nor are differences between the methods...
Persistent link: https://www.econbiz.de/10009429468