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ON THE COMPLETENESS OF THE UNIVERSAL KNOWLEDGE–BELIEF SPACE: A TECHNICAL NOTE
PINTÉR, MIKLÓS - In: International Game Theory Review (IGTR) 16 (2014) 01, pp. 1440006-1
Meier [Games Econ. Behav. 62, 53–66] shows that the universal knowledge–belief space exists. However, besides the universality there is an other important property might be imposed on knowledge–belief spaces, inherited also from type spaces, the completeness. In this paper, we introduce...
Persistent link: https://www.econbiz.de/10011011348
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Tipping points and ambiguity in the economics of climate change
Lemoine, Derek M.; Traeger, Christian P. - Department of Agricultural and Resource Economics, … - 2010
on the ability to affect both the probability of a tipping point and also welfare in a post-threshold world. Simulations … in the threshold's distribution can amplify or dampen the effect of tipping points on optimal policy, but in our …
Persistent link: https://www.econbiz.de/10009646075
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Tipping points and ambiguity in the economics of climate change
Lemoine, Derek M.; Traeger, Christian P. - Department of Agricultural and Resource Economics, … - 2011
on the ability to affect both the probability of a tipping point and also welfare in a post-threshold world. Simulations … in the threshold's distribution can amplify or dampen the effect of tipping points on optimal policy, but in our …
Persistent link: https://www.econbiz.de/10010676557
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On Corporate Tax Asymmetries and Neutrality
Panteghini, Paolo - 2000
This article discusses the effects of corporate tax asymmetries under investment irreversibility. We introduce a tax …
Persistent link: https://www.econbiz.de/10010314973
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Optimal Investment Strategies under Demand and Tax Policy Uncertainty
Boehm, Hjalmar; Funke, Michael - 2000
In this paper we offer an analysis of the effects of uncertainty about future tax policy on irreversible investment. The main message of the paper is that investment is not much affected by the degreee of tax policy uncertainty. This is true regardless of whether random tax changes are...
Persistent link: https://www.econbiz.de/10010314999
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Does the Nominal Exchange Rate Regime Matter for Investment?
Böhm, Hjalmar; Funke, Michael - 2001
This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate regimes (very hard pegs, intermediate regimes, and floats) by means of a unified approach. The comparison of different exchange rate regimes indicates that currency volatility...
Persistent link: https://www.econbiz.de/10010315163
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Stay in school or start working? : the human capital investment decision under uncertainty and irreversibility
Bilkic, Natasa; Gries, Thomas; Pilichowski, Margarethe - 2009
under uncertainty and irreversibility. Unlike other approaches we include accumulative schooling costs, and provide a full …
Persistent link: https://www.econbiz.de/10010266045
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Climate change and the irreversibility effect: combining expected utility and MaxiMin
Lange, Andreas - 2002
, considering prospective learning increases today?s abatement effort, i.e. the ?irreversibility effect? holds, if the weight on EU … is small. This contrasts standard results on the irreversibility effect for EU which translates to small weights on … MaxiMin. There is, however, the possibility of a negative value of learning. It is shown that the irreversibility effect holds …
Persistent link: https://www.econbiz.de/10010298092
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Ex-ante regulation and ex-post liability under uncertainty and irreversibility: governing the coexistence of GM crops
Beckmann, Volker; Soregaroli, Claudio; Wesseler, Justus - 2009
standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of …
Persistent link: https://www.econbiz.de/10010299491
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Ex-ante regulation and ex-post liability under uncertainty and irreversibility: governing the coexistence of GM crops
Beckmann, Volker; Soregaroli, Claudio; Wesseler, Justus - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-9, pp. 1-33
standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of …
Persistent link: https://www.econbiz.de/10010299956