Similar Search Results

Intertemporal efficiency and equity under hyperbolic preferences : ex ante versus ex post procrastination

Winkler, Ralph - 2004

structural change from a polluting to a non polluting production sector into the future (ex ante procrastination). The … consequences of ex ante procrastination are discussed for three different behavioral patterns. I show that, depending on the … assumed behavioral regime, ex ante procrastination may lead to ex post procrastination, i.e. de facto no investment in the non …

Persistent link: https://www.econbiz.de/10003245521

Intertemporal Efficiency and Equity Under Hyperbolic Preferences. Ex Ante Versus Ex Post Procrastination

Winkler, Ralph - 2008

Persistent link: https://www.econbiz.de/10014221087

Undiscounted Optimal Growth with Consumable Capital : Application to Water

Khalifa, Sherif - 2012

This paper utilizes the geometric techniques developed in Khan and Mitra (2005, 2007) to analyze the optimal intertemporal allocation of water resources in a dynamic setup without discounting. The framework features two sectors: the first uses labor to purify water, while the second uses labor...

Persistent link: https://www.econbiz.de/10013106218

Integrated assessments of climate change policy: Intergenerational equity and discounting

Toth, Ferenc L. - 1999

One of the key decisions that economists working on integrated studies of climate change face is the selection of the method of accounting for damages resulting from possible climate change across a long temporal scale and the method for the intertemporal comparison of the costs associated with...

Persistent link: https://www.econbiz.de/10011608516

Integrated Assessments of Climate Change Policy : Intergenerational Equity and Discounting

Toth, Ferenc L. - 2003

Persistent link: https://www.econbiz.de/10014172845

Application of stochastic optimal control to financial market debt crises

Stein, Jerome L. - 2009

This interdisciplinary paper explains how mathematical techniques of stochastic optimal control can be applied to the recent subprime mortgage crisis. Why did the financial markets fail to anticipate the recent debt crisis, despite the large literature in mathematical finance concerning optimal...

Persistent link: https://www.econbiz.de/10010276757

Optimal Provision and Finance of Ecosystem Services: the Case of Watershed Conservation and Groundwater Management

Roumasset, James; Wada, Christopher - University of Hawai'i Economic Research Organization … - 2010

Payments for ecosystem services should be informed by how both the providing-resource and the downstream resource are managed. We develop an integrated model that jointly optimizes conservation investment in a watershed that recharges a downstream aquifer and groundwater extraction from the...

Persistent link: https://www.econbiz.de/10010933370

Integrated Management of the South Oahu Aquifer System: A Spatial and Temporal Approach

Roumasset, James; Wada, Christopher - Department of Economics, University of Hawaii-Manoa - 2009

Although the economics of groundwater management is typically modelled as a single aquifer serving a single group of consumers, resource managers must often decide how to manage multiple aquifers simultaneously. We propose a temporal and spatial model to determine the efficient allocation of...

Persistent link: https://www.econbiz.de/10005052115

Renewable Resource Management with Stock Externalities: Coastal Aquifers and Submarine Groundwater Discharge

Pongkijvorasin, Sittidaj; Roumasset, James; Duarte, … - Department of Economics, University of Hawaii-Manoa - 2008

This paper develops a hydrologic-ecologic-economic model of groundwater use. Particularly, we model coastal groundwater management and its effects on submarine groundwater discharge, nearshore marine water quality, and marine biota. We show that incorporating the external effects on nearshore...

Persistent link: https://www.econbiz.de/10005766434

Renewable Resource Management with Alternative Sources: the Case of Multiple Aquifers and a "Backstop" Resource

Roumasset, James; Wada, Christopher - Department of Economics, University of Hawaii-Manoa - 2009

While renewable resource economics is typically confined to one source and one aggregate demand, resource managers must often decide how to manage multiple sources of a resource simultaneously. In addition, studies of extraction sequencing are typically confined to non-renewable resources. We...

Persistent link: https://www.econbiz.de/10008517996