Showing 1 - 10 of 66
The increase of fuel extraction costs as well as of temperature will make it likely that in the medium-term future technological or political measures against global warming may be implemented. In assessments of a current climate policy the possibility of medium-term future developments like...
Persistent link: https://www.econbiz.de/10008914276
and/or may benefit from more rapid careers. Hence, the costs of uncertainty and the benefits of skill upgrading associated …
Persistent link: https://www.econbiz.de/10008671733
quantifying the impact of uncertainty on macroeconomic dynamics based on the premise that uncertainty causes economic activity to …
Persistent link: https://www.econbiz.de/10010757723
This paper considers investments in cost-reducing technology in the context of contributions to climate protection. Contributions to mitigating climate change are analyzed in a two-period model where later contributions can be based on better information, but delaying the contribution to the...
Persistent link: https://www.econbiz.de/10010723540
According to the Framework Convention on Climate Change, global collective action is needed to stabilize “greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous [our emphasis] anthropogenic interference with the climate system.” The Framework Convention thus...
Persistent link: https://www.econbiz.de/10010734324
This paper finds a link between the sharp drop in U.S. manufacturing employment beginning in 2001 and a change in U.S. trade policy that eliminated potential tariff increases on Chinese imports. Industries where the threat of tariff hikes declines the most experience more severe employment...
Persistent link: https://www.econbiz.de/10010734330
of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk …This paper analyses the formation of international environmental agreements (IEAs) under uncertainty, focusing on the … role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success …
Persistent link: https://www.econbiz.de/10010736746
This paper studies how learning from neighboring firms affects new exporters’ performance and dynamics. We develop a statistical decision model in which a firm updates its prior belief about demand of a foreign market based on the number of neighbors currently selling there, the level and...
Persistent link: https://www.econbiz.de/10010752433
scientific uncertainty about the effects of increased greenhouse gas concentrations on climate. Criticisms of this controversial …
Persistent link: https://www.econbiz.de/10010703424
and with respect to non-risk uncertainty. The paper derives the resulting changes of the risk-free and the stochastic …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 …
Persistent link: https://www.econbiz.de/10009645646