Narrow search
Showing 1 - 10 of 2,031
Cover Image
Uncertainty in the Analytic Climate Economy
Traeger, Christian - 2021
The paper analyzes optimal climate policy under uncertainty. It endows a recent quantitative analytic integrated assessment model (IAM) with long-run risk, adapting methods from the asset pricing literature to deal with endogenous climate risk. The model solves in closed-form for general degrees...
Persistent link: https://www.econbiz.de/10013222601
Cover Image
Feed-In Tariffs with Minimum Price Guarantees and Regulatory Uncertainty
Barbosa, Luciana - 2018
guarantee only induces investment for prices below the price floor when offering a risk-free investment opportunity. In contrast …, the finite guarantee may induce investment even when the revenue from the guarantee is lower than the investment cost … induces earlier investment. For all cases, investors postpone an investment decision when market conditions present a higher …
Persistent link: https://www.econbiz.de/10012917983
Cover Image
The Value of Green Energy under Regulation Uncertainty
Detemple, Jerome - 2020
importance: it can have a significant impact on the timing of investment, the wind premium, and the probability of investing in …
Persistent link: https://www.econbiz.de/10012835055
Cover Image
Why uncertainty matters: Discounting under intertemporal risk aversion and ambiguity
Traeger, Christian - 2012
Uncertainty has an almost negligible impact on project value in the economic standard model. I show that a comprehensive evaluation of uncertainty and uncertainty attitude changes this picture fundamentally. The analysis relies on the discount rate, which is the crucial determinant in balancing...
Persistent link: https://www.econbiz.de/10010280817
Cover Image
Fair Intergenerational Utilitarianism : Risk, its Resolution Over Time, and Discounting
Piacquadio, Paolo G. - 2015
The paper reexamines the welfare economics of intergenerational risk. Risk and its resolution over time are modeled as a decision tree: in each period, the consumption of the current one-period living generation is to be traded-off against uncertain benefits of future generations; as time...
Persistent link: https://www.econbiz.de/10013030316
Cover Image
Analytic Integrated Assessment and Uncertainty
Traeger, Christian P. - 2019
This paper is a revised version of: "http://ssrn.com/abstract=2643293" http://ssrn.com/abstract=2643293.A revised version of this paper can be found at: "http://ssrn.com/abstract=3307622" http://ssrn.com/abstract=3307622.The paper derives the optimal carbon tax in closed-form from an integrated...
Persistent link: https://www.econbiz.de/10012903944
Cover Image
Accounting for Different Uncertainties : Implications for Climate Investments?
Hector, Svenja - 2013
The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount rate to a change in risk aversion depends on some...
Persistent link: https://www.econbiz.de/10013072367
Cover Image
ACE – Analytic Climate Economy (with Temperature and Uncertainty)
Traeger, Christian P. - 2019
This paper is a revised version of: "https://ssrn.com/abstract=2667972" https://ssrn.com/abstract=2667972.The Analytic Climate Economy (ACE) closes a gap between analytic climate change assessments and quantitative numeric integrated assessment models (IAMs) used in policy advising. Its...
Persistent link: https://www.econbiz.de/10012896033
Cover Image
Accounting for Different Uncertainties : Implications for Climate Investments?
Hector, Svenja - 2014
The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount rate to a change in risk aversion depends on some...
Persistent link: https://www.econbiz.de/10013061190
Cover Image
Why Uncertainty Matters - Discounting Under Intertemporal Risk Aversion and Ambiguity
Traeger, Christian - 2012
Uncertainty has an almost negligible impact on project value in the economic standard model. I show that a comprehensive evaluation of uncertainty and uncertainty attitude changes this picture fundamentally. The analysis relies on the discount rate, which is the crucial determinant in balancing...
Persistent link: https://www.econbiz.de/10013110758