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Portfolio Selection in a Two-Regime World

Levy, Moshe - 2016

Standard mean-variance analysis is based on the assumption of normal return distributions. However, a growing body of literature suggests that the market oscillates between two different regimes – one with low volatility and the other with high volatility. In such a case, even if the return...

Persistent link: https://www.econbiz.de/10012992880

Curbing carbon : an experiment on uncertainty and information about CO2 emissions

Pace, Davide Domenico; Weele, Joël J. van der - 2020

We investigate how consumers respond to uncertainty about CO2 emission size. In an incentivized online experiment … makes beliefs more precise causes a 26% reduction in overall emissions, even though average beliefs are unchanged. The … reduction occurs as the marginal willingness to pay for emission reduction declines with emission size, so people who are too …

Persistent link: https://www.econbiz.de/10012285523

Anti-corruption policy-making, discretionary power, and institutional quality : an experimental analysis

Boly, Amadou; Gillanders, Robert - 2016

We analyse policy makers' incentives to fight corruption under different institutional qualities. We find that 'public officials', even when non-corrupt, significantly distort anti-corruption institutions by choosing a lower detection probability when this probability applies to their own...

Persistent link: https://www.econbiz.de/10011517268

Renewing research on problemistic search : a review and research agenda

Posen, Hart E.; Keil, Thomas; Kim, Sangyun; Meissner, … - In: Annals / The Academy of Management 12 (2018) 1, pp. 208-251

Persistent link: https://www.econbiz.de/10011803717

How to decide when experts disagree : uncertainty-based choice rule in environmental policy

Woodward, Richard T. - In: Land economics : applied research on environmental resources 73 (1997) 4, pp. 492-507

Persistent link: https://www.econbiz.de/10001337197

Risk-Taking and Tail Events Across Trading Institutions

Working Paper Series, GATE; Corgnet, Brice; Cornand, Camille - 2021

We study the reaction of investors to tail events across trading institutions. We conduct experiments in which investors bid on a financial asset that delivers a small positive reward in more than 99% of the cases and a large loss otherwise. The baseline treatment uses a repeated BDM mechanism...

Persistent link: https://www.econbiz.de/10013211287

Policy Uncertainty and Long-Run Investment and Output Across Countries

Jeong, Byeongju - 2010

I explore how and and to what extent policy uncertainty can account for the observed long-run cross-country differences in capital price and levels of aggregate investment and output. I present a model economy where the industry-level policy-related investment cost is uncertain. Holding the...

Persistent link: https://www.econbiz.de/10014198834

Firm-Level Climate Change Risk and CEO Equity Incentives

Hossain, Ashrafee Tanvir; Al Masum, Abdullah; Saadi, Samir - 2022

We document evidence that the CEOs who lead the firms that face higher climate change risk (CCR) receive higher equity …-based compensation. Our finding is consistent with the compensating-wedge-differential theory and survives numerous robustness and …

Persistent link: https://www.econbiz.de/10014079534

Applying the Precautionary Principle to Global Warming

Goklany, Indur M. - 2012

high likelihood of increasing overall risks to public health and the environment. Specifically, GHG emission reduction …

Persistent link: https://www.econbiz.de/10014141946

Applying the Precautionary Principle to Genetically Modified Crops

Goklany, Indur M. - 2012

The precautionary principle has often been invoked to justify a ban on genetically modified (GM) crops. However, this justification is based upon a selective application of the principle to the potential public health and environmental benefits of such a ban, while ignoring a ban's potential...

Persistent link: https://www.econbiz.de/10014143968