We introduce learning in a dynamic game of international pollution, with ecological uncertainty. We characterize and … ecological uncertainty but they gain information (learn) about it. We then compare our learning model with the benchmark model of … full information, where players know the distribution of ecological uncertainty. We find that uncertainty due to …

We study the effect of environmental risk on the extraction of a common resource. Using a dynamic and non … commons. On the one hand, a risk of a reduction in the renewability induces the agents to extract less in the present. On the … other hand, a risk of a deterioration in the quality of the resource induces the agents to extract more in the present. We …

produced by climate-economy models while introducing the dimension of uncertainty in innovation ef- forts, without succumbing …, bioelectricity and personal electric vehicle batteries), taking into account the uncertainty surrounding the effectiveness of …&D portfolio. The resulting ranking across technologies is robust to changes in risk-aversion, R&D budget limitation and assump …

environmental quality means financing depollution activities and uncertainty concerns its efficiency since it's not always clear or … certain what effects will result from a reduction of pollution. We show that if an agent is sufficiently risk averse … has two possible consequencies which depend on agent risk aversion. Therefore, understanding the implication of …

individuals’preferences under risk. …

. The coverage includes decision-making under uncertainty, measuring risk and risk aversion, insurance and asset markets …This essay provides an elementary, unified introduction to resource allocation under uncertainty in competitive markets …

We present an Uncertainty Perception Indicator (UPI) for Germany based on the dynamic topic modelling technique … this approach facilitates the close-to-realtime identification of both the magnitude of an uncertainty shock as well as its … uncertainty have different repercussions in the macroeconomy. Employing a Bayesian VAR approach, we analyze the effects of various …

In this paper, we investigate the presence of non-linearities in the transmission of geopolitical risk (GPR) shocks … associated with heightened uncertainty, which significantly escalates only with substantially large GPR shocks (i.e., above 4 … standard deviations). This increase in uncertainty prompts precautionary saving behaviors, exerting a strong impact on …

practical prevalence of uncertainty. Theoretically complete models conceal it. As a remedy a scenario-based procedure of coping … with uncertainty can prescribe how the boundedly rational decision-maker should proceed from her or his internal point of … view. Though models of substantive rationality cannot serve as guidance for decision-making under uncertainty, we can …