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Robert S. Pindyck

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Pindyck, Robert S. & Rotemberg, Julio., 1987. "The excess co-movement of commodity prices," Working papers 1969-87., Massachusetts Institute of Technology (MIT), Sloan School of Management.

    Mentioned in:

    1. La crise 2007-2008 : le marché du riz
      by geoffreylorre@gmail.com (Geoffrey Lorre) in BS Initiative on 2014-04-22 05:00:00
  2. Pindyck, Robert S, 1979. "Interfuel Substitution and the Industrial Demand for Energy: An International Comparison," The Review of Economics and Statistics, MIT Press, vol. 61(2), pages 169-179, May.

    Mentioned in:

    1. Long-run Estimates of Interfuel and Interfactor Elasticities
      by noreply@blogger.com (David Stern) in Stochastic Trend on 2016-01-20 16:11:00
  3. Robert S. Pindyck & Julio J. Rotemberg, 1993. "The Comovement of Stock Prices," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(4), pages 1073-1104.

    Mentioned in:

    1. La crise 2007-2008 : le marché du riz
      by geoffreylorre@gmail.com (Geoffrey Lorre) in BS Initiative on 2014-04-22 05:00:00
  4. Richard S. J. Tol & Kenneth J. Arrow & Maureen L. Cropper & Christian Gollier & Ben Groom & Geoffrey M. Heal & Richard G. Newell & William D. Nordhaus & Robert S. Pindyck & William A. Pizer & Paul R. , 2013. "How Should Benefits and Costs Be Discounted in an Intergenerational Context?," Working Paper Series 5613, Department of Economics, University of Sussex Business School.

    Mentioned in:

    1. Discounting for future generations: the consensus?
      by Economic Logician in Economic Logic on 2013-02-20 21:45:00
    2. How Should Benefits and Costs Be Discounted in an Intergenerational Context?
      by David Stern in Stochastic Trend on 2013-02-05 10:44:00
  5. Robert S. Pindyck, 2013. "Climate Change Policy: What Do the Models Tell Us?," Journal of Economic Literature, American Economic Association, vol. 51(3), pages 860-872, September.

    Mentioned in:

    1. Should Economists Be Making Bold Predictions Out to the Year 2100?
      by Matthew Kahn in Environmental and Urban Economics on 2016-04-05 18:06:00
  6. Author Profile
    1. The 1993 Econ Ph.D. Cohort
      by Matthew Kahn in Environmental and Urban Economics on 2015-12-04 09:31:00
    2. Ranking Economists as of December 2015
      by Matthew Kahn in Environmental and Urban Economics on 2016-01-07 22:27:00

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography of Economics:
  1. Pindyck, Robert S., 2019. "The social cost of carbon revisited," Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 140-160.

    Mentioned in:

    1. > Environmental and Natural Resource Economics > Climate economics > Impacts of climate change > Social cost of carbon
  2. Pindyck, Robert S., 2002. "Optimal timing problems in environmental economics," Journal of Economic Dynamics and Control, Elsevier, vol. 26(9-10), pages 1677-1697, August.

    Mentioned in:

    1. > Environmental and Natural Resource Economics > Climate economics > Uncertainty
  3. Pindyck, Robert S., 2012. "Uncertain outcomes and climate change policy," Journal of Environmental Economics and Management, Elsevier, vol. 63(3), pages 289-303.

    Mentioned in:

    1. > Environmental and Natural Resource Economics > Climate economics > Uncertainty
  4. Kenneth J. Arrow & Maureen L. Cropper & Christian Gollier & Ben Groom & Geoffrey M. Heal & Richard G. Newell & William D. Nordhaus & Robert S. Pindyck & William A. Pizer & Paul R. Portney & Thomas Ste, 2014. "Editor's Choice Should Governments Use a Declining Discount Rate in Project Analysis?," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 8(2), pages 145-163.

    Mentioned in:

    1. > Environmental and Natural Resource Economics > Climate economics > Discounting

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Robert S. Pindyck & Neng Wang, 2013. "The Economic and Policy Consequences of Catastrophes," American Economic Journal: Economic Policy, American Economic Association, vol. 5(4), pages 306-339, November.

    Mentioned in:

    1. The Economic and Policy Consequences of Catastrophes (American Economic Journal: Economic Policy 2013) in ReplicationWiki ()

Working papers

  1. Martin, Ian W. R. & Pindyck, Robert S., 2020. "Welfare Costs of Catastrophes: Lost Consumption and Lost Lives," 2030 Agenda 308023, Fondazione Eni Enrico Mattei (FEEM).

    Cited by:

    1. Decerf, Benoit & Ferreira, Francisco H. G. & Mahler, Daniel Gerszon & Sterck, Olivier, 2020. "Lives and Livelihoods: Estimates of the Global Mortality and Poverty Effects of the COVID-19 Pandemic," IZA Discussion Papers 13549, Institute of Labor Economics (IZA).
    2. Robert S. Pindyck, 2020. "COVID-19 and the Welfare Effects of Reducing Contagion," NBER Working Papers 27121, National Bureau of Economic Research, Inc.
    3. Peter A.G. van Bergeijk, 2021. "Pandemic Economics," Books, Edward Elgar Publishing, number 20401.
    4. Harrison Hong & Neng Wang & Jinqiang Yang, 2020. "Mitigating Disaster Risks in the Age of Climate Change," NBER Working Papers 27066, National Bureau of Economic Research, Inc.

  2. Robert S. Pindyck, 2020. "COVID-19 and the Welfare Effects of Reducing Contagion," NBER Working Papers 27121, National Bureau of Economic Research, Inc.

    Cited by:

    1. Eric Alexander Sugandi, 2022. "Indonesia’s Financial Markets and Monetary Policy Dynamics Amid the COVID-19 Pandemic," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 29(3), pages 411-447, September.
    2. Christian Gollier, 2020. "Cost–benefit analysis of age‐specific deconfinement strategies," Post-Print hal-03156641, HAL.
    3. Decerf, Benoit & Ferreira, Francisco H. G. & Mahler, Daniel Gerszon & Sterck, Olivier, 2020. "Lives and Livelihoods: Estimates of the Global Mortality and Poverty Effects of the COVID-19 Pandemic," IZA Discussion Papers 13549, Institute of Labor Economics (IZA).
    4. Christian Gollier, 2020. "Pandemic economics: optimal dynamic confinement under uncertainty and learning," Post-Print hal-03180664, HAL.
    5. Gerson Javier Pérez-Valbuena & Diana Ricciulli-Marín & Jaime Bonet-Morón & Paula Barrios, 2021. "Reglas fiscales subnacionales en Colombia: desde su concepción hasta los resultados frente al COVID-19," Documentos de trabajo sobre Economía Regional y Urbana 297, Banco de la Republica de Colombia.
    6. Daniel Levy & Tamir Mayer & Alon Raviv, 2022. "Economists in the 2008 Financial Crisis: Slow to See, Fast to Act," Working Paper series 22-04, Rimini Centre for Economic Analysis.
    7. Christian Gollier, 2020. "If the objective is herd immunity, on whom should it be built?," Post-Print hal-02892835, HAL.
    8. Yasushi Iwamoto, 2021. "Welfare economics of managing an epidemic: an exposition," The Japanese Economic Review, Springer, vol. 72(4), pages 537-579, October.
    9. Carlos Garriga & Rodolfo E. Manuelli & Siddhartha Sanghi, 2022. "Optimal Management of an Epidemic: Lockdown, Vaccine and Value of Life," Working Papers 2020-046, Federal Reserve Bank of St. Louis.
    10. Sokbae (Simon) Lee & Yuan Liao & Myung Hwan Seo & Youngki Shin, 2020. "Sparse HP filter: Finding kinks in the COVID-19 contact rate," CeMMAP working papers CWP32/20, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    11. Pongou, Roland & Tchuente, Guy & Tondji, Jean-Baptiste, 2020. "An Economic Model of Health-vs-Wealth Prioritization during Covid-19: Optimal Lockdown, Network Centrality, and Segregation," GLO Discussion Paper Series 667, Global Labor Organization (GLO).
    12. Zhang, Li & Hu, Shiwei & Xu, Guoli, 2023. "Pandemic uncertainty and firm investments," Finance Research Letters, Elsevier, vol. 55(PA).
    13. Siddhartha Bandyopadhyay & Kalyan Chatterjee & Kaustav Das & Jaideep Roy, 2020. "Learning or habit formation? Optimal timing of lockdown for disease containment," Discussion Papers 20-17, Department of Economics, University of Birmingham.
    14. Hartl, Tobias, 2021. "Monitoring the pandemic: A fractional filter for the COVID-19 contact rate," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242380, Verein für Socialpolitik / German Economic Association.
    15. Alexandre Gori Maia & Leticia Marteleto & Cristina Guimarães Rodrigues & Luiz Gustavo Sereno, 2021. "The short-term impacts of coronavirus quarantine in São Paulo: The health-economy trade-offs," PLOS ONE, Public Library of Science, vol. 16(2), pages 1-18, February.
    16. Funke, Michael & Tsang, Andrew, 2020. "The People's Bank of China's response to the coronavirus pandemic: A quantitative assessment," BOFIT Discussion Papers 12/2020, Bank of Finland Institute for Emerging Economies (BOFIT).
    17. Lazebnik, Teddy & Shami, Labib & Bunimovich-Mendrazitsky, Svetlana, 2023. "Intervention policy influence on the effect of epidemiological crisis on industry-level production through input–output networks," Socio-Economic Planning Sciences, Elsevier, vol. 87(PA).
    18. Martin F Quaas & Jasper N Meya & Hanna Schenk & Björn Bos & Moritz A Drupp & Till Requate, 2021. "The social cost of contacts: Theory and evidence for the first wave of the COVID-19 pandemic in Germany," PLOS ONE, Public Library of Science, vol. 16(3), pages 1-29, March.
    19. Broughel, James & Kotrous, Michael, 2020. "The Benefits of Coronavirus Suppression: A Cost-Benefit Analysis of the Response to the First Wave of COVID-19," Working Papers 10632, George Mason University, Mercatus Center.
    20. Deng, Yongheng & Meng, Lina & Zhou, Yinggang, 2022. "The effectiveness and costs of nonpharmaceutical interventions for COVID-19 containment: A border discontinuous difference-in-difference approach," China Economic Review, Elsevier, vol. 75(C).
    21. Nadia J. Sweis, 2022. "Revisiting the value of a statistical life: an international approach during COVID-19," Risk Management, Palgrave Macmillan, vol. 24(3), pages 259-272, September.
    22. Roland Pongou & Guy Tchuente & Jean-Baptiste Tondji, 2023. "Optimal interventions in networks during a pandemic," Journal of Population Economics, Springer;European Society for Population Economics, vol. 36(2), pages 847-883, April.
    23. Sugandi, Eric Alexander, 2020. "Indonesia’s Financial Markets and Monetary Policy Dynamics Amid the Covid-19 Pandemic," ADBI Working Papers 1198, Asian Development Bank Institute.
    24. Stephen C. Newbold & David Finnoff & Linda Thunström & Madison Ashworth & Jason F. Shogren, 2020. "Effects of Physical Distancing to Control COVID-19 on Public Health, the Economy, and the Environment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 705-729, August.
    25. Rama Cont & Artur Kotlicki & Renyuan Xu, 2020. "Modelling COVID-19 contagion: risk assessment and targeted mitigation policies," Working Papers hal-02923033, HAL.
    26. Martin F. Quaas & Jasper N. Meya & Hanna Schenk & Björn Bos & Moritz A. Drupp & Till Requate, 2020. "The Social Cost of Contacts: Theory and Evidence for the Covid-19 Pandemic in Germany," CESifo Working Paper Series 8347, CESifo.
    27. M. Amelia Gibbons & Tommy E. Murphy & Martín A. Rossi, 2021. "Confinement and intimate partner violence," Kyklos, Wiley Blackwell, vol. 74(3), pages 349-361, August.
    28. Pongou, Roland & Tchuente, Guy & Tondji, Jean-Baptiste, 2021. "Optimally Targeting Interventions in Networks during a Pandemic: Theory and Evidence from the Networks of Nursing Homes in the United States," GLO Discussion Paper Series 957, Global Labor Organization (GLO).
    29. Tobias Hartl, 2021. "Monitoring the pandemic: A fractional filter for the COVID-19 contact rate," Papers 2102.10067, arXiv.org.
    30. Pakasa Bary & Rani Setyodewanti, 2021. "Consumption-contagion dynamics during epidemic with voluntary social distancing," Economics Bulletin, AccessEcon, vol. 41(2), pages 696-701.
    31. Bandyopadhyay, Siddhartha & Chatterjee, Kalyan & Das, Kaustav & Roy, Jaideep, 2021. "Learning versus habit formation: Optimal timing of lockdown for disease containment," Journal of Mathematical Economics, Elsevier, vol. 93(C).
    32. Roland Pongou & Guy Tchuente & Jean-Baptiste Tondji, 2021. "Optimally Targeting Interventions in Networks during a Pandemic: Theory and Evidence from the Networks of Nursing Homes in the United States," Papers 2110.10230, arXiv.org.

  3. Robert S. Pindyck, 2020. "What We Know and Don't Know about Climate Change, and Implications for Policy," NBER Working Papers 27304, National Bureau of Economic Research, Inc.

    Cited by:

    1. Guthrie, Graeme, 2023. "Optimal adaptation to uncertain climate change," Journal of Economic Dynamics and Control, Elsevier, vol. 151(C).
    2. Rigas, Nikos & Kounetas, Konstantinos, 2021. "The Role of temperature, Precipitation and CO2 emissions on Countries’ Economic Growth and Productivity," MPRA Paper 104727, University Library of Munich, Germany.
    3. Jonathan T. Hawkins-Pierot & Katherine R. H. Wagner, 2022. "Technology Lock-In and Optimal Carbon Pricing," CESifo Working Paper Series 9762, CESifo.
    4. Bustamante, Maria Cecilia & Zucchi, Francesca, 2024. "Dynamic carbon emission management," Working Paper Series 2885, European Central Bank.
    5. Fonseca, Jimeno A. & Nevat, Ido & Peters, Gareth W., 2020. "Quantifying the uncertain effects of climate change on building energy consumption across the United States," Applied Energy, Elsevier, vol. 277(C).
    6. Bård Harstad, 2022. "Trade, Trees, and Contingent Trade Agreements," CESifo Working Paper Series 9596, CESifo.
    7. Jonathan T. Hawkins-Pierot & Katherine R. H. Wagner, 2023. "Technology Lock-In and Costs of Delayed Climate Policy," Working Papers 23-33, Center for Economic Studies, U.S. Census Bureau.

  4. Ian Martin & Robert S. Pindyck, 2017. "Averting Catastrophes that Kill," NBER Working Papers 23346, National Bureau of Economic Research, Inc.

    Cited by:

    1. Aurland-Bredesen , Kine Josefine, 2017. "Averting catastrophes in a more complex world," Working Paper Series 06-2017, Norwegian University of Life Sciences, School of Economics and Business.
    2. Aurélie Méjean & Antonin Pottier & Marc Fleurbaey & Stéphane Zuber, 2020. "Catastrophic climate change, population ethics and intergenerational equity," Post-Print halshs-01599453, HAL.
    3. Aurélie Méjean & Antonin Pottier & Stéphane Zuber & Marc Fleurbaey, 2020. "Intergenerational equity under catastrophic climate change," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03029883, HAL.
    4. Ian W. R. Martin & Robert S. Pindyck, 2020. "Welfare Costs of Catastrophes: Lost Consumption and Lost Lives," Working Papers 2020.27, Fondazione Eni Enrico Mattei.
    5. Colmenares, Gloria & Löschel, Andreas & Madlener, Reinhard, 2019. "The rebound effect and its representation in energy and climate models," CAWM Discussion Papers 106, University of Münster, Münster Center for Economic Policy (MEP).

  5. Sergio L. Franklin, Jr. & Robert S. Pindyck, 2017. "Tropical Forests, Tipping Points, and the Social Cost of Deforestation," NBER Working Papers 23272, National Bureau of Economic Research, Inc.

    Cited by:

    1. Pillot, Benjamin & Al-Kurdi, Nadeem & Gervet, Carmen & Linguet, Laurent, 2020. "An integrated GIS and robust optimization framework for solar PV plant planning scenarios at utility scale," Applied Energy, Elsevier, vol. 260(C).
    2. Tommaso Sonno & Davide Zufacchi, 2022. "Epidemics and rapacity of multinational companies," CEP Discussion Papers dp1833, Centre for Economic Performance, LSE.
    3. Giudice, Renzo & Börner, Jan, 2021. "Benefits and costs of incentive-based forest conservation in the Peruvian Amazon," Forest Policy and Economics, Elsevier, vol. 131(C).
    4. Thomas Knoke & Carola Paul & Elizabeth Gosling & Isabelle Jarisch & Johannes Mohr & Rupert Seidl, 2023. "Assessing the Economic Resilience of Different Management Systems to Severe Forest Disturbance," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(2), pages 343-381, February.
    5. Alarcón-Aguirre, Jaime S. & Aguirre-Mejía, Patricia M. & Palacios-Hinestroza, Hasbleidy & Sulbarán-Rangel, Belkis, 2020. "Evaluation of the forestry administrative system that regulates the activity of extracting wood from the Northern Ecuadorian amazon," Land Use Policy, Elsevier, vol. 99(C).
    6. Bård Harstad, 2022. "Trade, Trees, and Contingent Trade Agreements," CESifo Working Paper Series 9596, CESifo.
    7. Bård Harstad, 2020. "Trade and Trees: How Trade Agreements Can Motivate Conservation Instead of Depletion," CESifo Working Paper Series 8569, CESifo.
    8. Pavanelli, David Domingues & Voulvoulis, Nikolaos, 2019. "Habitat Equivalency Analysis, a framework for forensic cost evaluation of environmental damage," Ecosystem Services, Elsevier, vol. 38(C), pages 1-1.
    9. Bård Harstad, 2020. "The Conservation Multiplier," CESifo Working Paper Series 8283, CESifo.
    10. Golub, Alexander & Herrera, Diego & Leslie, Gabriela & Pietracci, Breno & Lubowski, Ruben, 2021. "A real options framework for reducing emissions from deforestation: Reconciling short-term incentives with long-term benefits from conservation and agricultural intensification," Ecosystem Services, Elsevier, vol. 49(C).
    11. Thomas Knoke & Nick Hanley & Rosa Maria Roman-Cuesta & Ben Groom & Frank Venmans & Carola Paul, 2023. "Trends in tropical forest loss and the social value of emission reductions," Nature Sustainability, Nature, vol. 6(11), pages 1373-1384, November.

  6. Robert S. Pindyck, 2016. "The Social Cost of Carbon Revisited," NBER Working Papers 22807, National Bureau of Economic Research, Inc.

    Cited by:

    1. David Anthoff & Richard S. J. Tol, 2021. "Testing the Dismal Theorem," CESifo Working Paper Series 8939, CESifo.
    2. Best, Rohan & Zhang, Qiu Yue, 2020. "What explains carbon-pricing variation between countries?," Energy Policy, Elsevier, vol. 143(C).
    3. Tanner, Michael K. & Moity, Nicolas & Costa, Matthew T. & Marin Jarrin, Jose R. & Aburto-Oropeza, Octavio & Salinas-de-León, Pelayo, 2019. "Mangroves in the Galapagos: Ecosystem services and their valuation," Ecological Economics, Elsevier, vol. 160(C), pages 12-24.
    4. Howard, Peter H. & Sterner, Thomas, 2022. "Between Two Worlds: Methodological and Subjective Differences in Climate Impact Meta-Analyses," RFF Working Paper Series 22-10, Resources for the Future.
    5. Moritz A. Drupp & Frikk Nesje & Robert C. Schmidt, 2022. "Pricing Carbon," CESifo Working Paper Series 9608, CESifo.
    6. Rick van der Ploeg, 2020. "Discounting and Climate Policy," CESifo Working Paper Series 8441, CESifo.
    7. Peter Harrison Howard & Derek Sylvan, 2020. "Wisdom of the experts: Using survey responses to address positive and normative uncertainties in climate-economic models," Climatic Change, Springer, vol. 162(2), pages 213-232, September.
    8. Francesco Lamperti & Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Alessandro Sapio, 2017. "Faraway, so close : coupled climate and economic dynamics in an agent-based integrated assessment model," Sciences Po publications info:hdl:2441/4hs7liq1f49, Sciences Po.
    9. Sergio L. Franklin, Jr. & Robert S. Pindyck, 2017. "Tropical Forests, Tipping Points, and the Social Cost of Deforestation," NBER Working Papers 23272, National Bureau of Economic Research, Inc.
    10. Huuki, Hannu & Karhinen, Santtu & Böök, Herman & Ding, Chao & Ruokamo, Enni, 2021. "Residential solar power profitability with thermal energy storage and carbon-corrected electricity prices," Utilities Policy, Elsevier, vol. 68(C).
    11. Maria Alice Moz-Christofoletti & Paula Carvalho Pereda & Wesley Campanharo, 2022. "Does Decentralized and Voluntary Commitment Reduce Deforestation? The Effects of Programa Municípios Verdes," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(1), pages 65-100, May.
    12. Robert S. Pindyck, 2016. "The Social Cost of Carbon Revisited," NBER Working Papers 22807, National Bureau of Economic Research, Inc.
    13. Jin, Gui & Shi, Xin & Zhang, Lei & Hu, Shougeng, 2020. "Measuring the SCCs of different Chinese regions under future scenarios," Renewable and Sustainable Energy Reviews, Elsevier, vol. 130(C).
    14. Giudice, Renzo & Börner, Jan, 2021. "Benefits and costs of incentive-based forest conservation in the Peruvian Amazon," Forest Policy and Economics, Elsevier, vol. 131(C).
    15. Thirupathi Rao & Siti Indati Mustapa, 2020. "A Review of Climate Economic Models in Malaysia," Sustainability, MDPI, vol. 13(1), pages 1-20, December.
    16. Cole, Wesley & Antonysamy, Adithya & Brown, Patrick & Sergi, Brian & Mai, Trieu & Denholm, Paul, 2023. "How much might it cost to decarbonize the power sector? It depends on the metric," Energy, Elsevier, vol. 276(C).
    17. Lurdes Jesus Ferreira & Luís Pereira Dias & Jieling Liu, 2022. "Adopting Carbon Pricing Tools at the Local Level: A City Case Study in Portugal," Sustainability, MDPI, vol. 14(3), pages 1-20, February.
    18. Patrick Bigler & Doina Maria Radulescu, 2022. "Environmental, Redistributive and Revenue Effects of Policies Promoting Fuel Efficient and Electric Vehicles," CESifo Working Paper Series 9645, CESifo.
    19. Bento, Nuno & Gianfrate, Gianfranco, 2020. "Determinants of internal carbon pricing," Energy Policy, Elsevier, vol. 143(C).
    20. Torben K. Mideksa, 2020. "Pricing Pollution," CESifo Working Paper Series 8269, CESifo.
    21. Rainald Borck, 2017. "Public Transport and Urban Pollution," CESifo Working Paper Series 6606, CESifo.
    22. Lynnette Dray & Andreas W. Schäfer & Carla Grobler & Christoph Falter & Florian Allroggen & Marc E. J. Stettler & Steven R. H. Barrett, 2022. "Cost and emissions pathways towards net-zero climate impacts in aviation," Nature Climate Change, Nature, vol. 12(10), pages 956-962, October.
    23. Marco Scherz & Antonija Ana Wieser & Alexander Passer & Helmuth Kreiner, 2022. "Implementation of Life Cycle Assessment (LCA) in the Procurement Process of Buildings: A Systematic Literature Review," Sustainability, MDPI, vol. 14(24), pages 1-22, December.
    24. Stefano Carattini & Garth Heutel & Givi Melkadze, 2023. "Climate Policy, Financial Frictions, and Transition Risk," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 778-794, December.
    25. Fikru, Mahelet G. & Gautier, Luis, 2021. "Electric utility mergers in the presence of distributed renewable energy," Energy Economics, Elsevier, vol. 101(C).
    26. Isa, Selma Setsumi & Lima, Orlando Fontes & Vidal Vieira, José Geraldo, 2021. "Urban consolidation centers: Impact analysis by stakeholder," Research in Transportation Economics, Elsevier, vol. 90(C).
    27. Mier, Mathias & Weissbart, Christoph, 2020. "Power markets in transition: Decarbonization, energy efficiency, and short-term demand response," Munich Reprints in Economics 84730, University of Munich, Department of Economics.
    28. Cees Withagen, 2019. "The Social Cost of Carbon and the Ramsey Rule," Working Papers 2019.16, FAERE - French Association of Environmental and Resource Economists.
    29. Robert C. Schmidt & Moritz Drupp & Frikk Nesje & Hendrik Hoegen, 2022. "Testing the free-rider hypothesis in climate policy," Papers 2211.06209, arXiv.org.
    30. Johannes Full & Steffen Merseburg & Robert Miehe & Alexander Sauer, 2021. "A New Perspective for Climate Change Mitigation—Introducing Carbon-Negative Hydrogen Production from Biomass with Carbon Capture and Storage (HyBECCS)," Sustainability, MDPI, vol. 13(7), pages 1-22, April.
    31. Zaiter, Issa & Ramadan, Mohamad & Bouabid, Ali & El-Fadel, Mutasem & Mezher, Toufic, 2023. "Potential utilization of hydrogen in the UAE's industrial sector," Energy, Elsevier, vol. 280(C).
    32. Mattauch, Linus & van den Bijgaart, Inge & Klenert, David & Sulikova, Simona, 2020. "Optimal fuel taxation with suboptimal health choices," INET Oxford Working Papers 2020-22, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    33. Carlos Pretel & Pedro Linares, 2021. "How Much Should We Spend to Fight against Climate Change? The Value of Backstop Technologies in a Simplified Model," Energies, MDPI, vol. 14(22), pages 1-11, November.
    34. Fei Gao & Gilvan C. Souza, 2022. "Carbon Offsetting with Eco-Conscious Consumers," Management Science, INFORMS, vol. 68(11), pages 7879-7897, November.
    35. Ottmar Edenhofer & Max Franks & Matthias Kalkuhl, 2021. "Pigou in the 21st Century: a tribute on the occasion of the 100th anniversary of the publication of The Economics of Welfare," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(5), pages 1090-1121, October.
    36. Hochman, Gal & Zilberman, David, 2021. "Optimal environmental taxation in response to an environmentally-unfriendly political challenger," Journal of Environmental Economics and Management, Elsevier, vol. 106(C).
    37. Tobon Orozco, David & Molina Guerra, Carlos & Vargas Cano, John Harvey, 2016. "Extent of Expected Pigouvian Taxes and Permits for Environmental Services in a General Equilibrium Model with a natural capital constraint," Borradores Departamento de Economía 15258, Universidad de Antioquia, CIE.
    38. van Kooten, G. Cornelis & Withey, Patrick & Duan, Jon, 2020. "How big a battery?," Renewable Energy, Elsevier, vol. 146(C), pages 196-204.
    39. Kudela, Peter & Havranek, Tomas & Herman, Dominik & Irsova, Zuzana, 2020. "Does daylight saving time save electricity? Evidence from Slovakia," Energy Policy, Elsevier, vol. 137(C).
    40. Joseph E. Aldy & Richard Zeckhauser, 2020. "Three prongs for prudent climate policy," Southern Economic Journal, John Wiley & Sons, vol. 87(1), pages 3-29, July.
    41. Edenhofer, Ottmar & Flachsland, Christian & Kalkuhl, Matthias & Knopf, Brigitte & Pahle, Michael, 2019. "Optionen für eine CO2-Preisreform," Working Papers 04/2019, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
    42. Roy, Dibyendu & Samanta, Samiran & Ghosh, Sudip, 2020. "Performance assessment of a biomass fuelled advanced hybrid power generation system," Renewable Energy, Elsevier, vol. 162(C), pages 639-661.
    43. Can Erutku & Vincent Hildebrand, 2023. "Carbon tax pass‐through in Canadian retail gasoline markets," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 56(3), pages 940-963, August.
    44. Florian Heeb & Julian F Kölbel & Falko Paetzold & Stefan Zeisberger, 2023. "Do Investors Care about Impact?," The Review of Financial Studies, Society for Financial Studies, vol. 36(5), pages 1737-1787.
    45. Saleh, Layla & Zaabi, Mohamed al & Mezher, Toufic, 2019. "Estimating the social carbon costs from power and desalination productions in UAE," Renewable and Sustainable Energy Reviews, Elsevier, vol. 114(C), pages 1-1.
    46. Robert S. Pindyck, 2017. "Coase Lecture—Taxes, Targets and the Social Cost of Carbon," Economica, London School of Economics and Political Science, vol. 84(335), pages 345-364, July.
    47. Christopher J. Amante & Jacob Dice & David Rodziewicz & Eugene Wahl, 2020. "Housing Market Value Impairment from Future Sea-level Rise Inundation," Research Working Paper RWP 20-05, Federal Reserve Bank of Kansas City.
    48. Dorsey-Palmateer, Reid, 2020. "Transmission costs and the value of wind generation for the CREZ project," Energy Policy, Elsevier, vol. 138(C).
    49. Kleinnijenhuis, Alissa & Adrian, Tobias & Bolton, Patrick, 2022. "The Great Carbon Arbitrage," INET Oxford Working Papers 2022-07, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    50. Hamdan, Sadeque & Jouini, Oualid & Cheaitou, Ali & Jemai, Zied & Granberg, Tobias Andersson & Josefsson, Billy, 2022. "Air traffic flow management under emission policies: Analyzing the impact of sustainable aviation fuel and different carbon prices," Transportation Research Part A: Policy and Practice, Elsevier, vol. 166(C), pages 14-40.
    51. Qiu, Yang & Cohen, Stuart & Suh, Sangwon, 2022. "Decarbonization scenarios of the U.S. Electricity system and their costs," Applied Energy, Elsevier, vol. 325(C).
    52. Matthew Agarwala & Josh Martin, 2022. "Environmentally-adjusted productivity measures for the UK," Working Papers 028, The Productivity Institute.
    53. Andrew, Kevin & Majerbi, Basma & Rhodes, Ekaterina, 2022. "Slouching or speeding toward net zero? Evidence from COVID-19 energy-related stimulus policies in the G20," Ecological Economics, Elsevier, vol. 201(C).
    54. Richard S.J. Tol, 2021. "Estimates of the social cost of carbon have not changed over time," Working Paper Series 0821, Department of Economics, University of Sussex Business School.
    55. Mardones, Cristian & Cabello, Martin, 2019. "Effectiveness of local air pollution and GHG taxes: The case of Chilean industrial sources," Energy Economics, Elsevier, vol. 83(C), pages 491-500.
    56. Sihvonen, Matti & Pihlainen, Sampo & Lai, Tin-Yu & Salo, Tapio & Hyytiäinen, Kari, 2021. "Crop production, water pollution, or climate change mitigation—Which drives socially optimal fertilization management most?," Agricultural Systems, Elsevier, vol. 186(C).
    57. Funke, Franziska & Mattauch, Linus & van den Bijgaart, Inge & Godfray, Charles & Hepburn, Cameron & Klenert, David & Springmann, Marco & Treich, Nicholas, 2021. "Is Meat Too Cheap? Towards Optimal Meat Taxation," INET Oxford Working Papers 2021-08, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    58. Gerard Meijden & Frederick Ploeg & Cees Withagen, 2017. "Frontiers of Climate Change Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(1), pages 1-14, September.
    59. Richard S. J. Tol, 2020. "Kernel density decomposition with an application to the social cost of carbon," Papers 2003.09276, arXiv.org.
    60. Jones, Kelly W. & Mayer, Alex & Von Thaden, Juan & Berry, Z. Carter & López-Ramírez, Sergio & Salcone, Jacob & Manson, Robert H. & Asbjornsen, Heidi, 2020. "Measuring the net benefits of payments for hydrological services programs in Mexico," Ecological Economics, Elsevier, vol. 175(C).
    61. Cees Withagen, 2022. "On Simple Rules for the Social Cost of Carbon," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(2), pages 461-481, June.
    62. Richard S. J. Tol, 2021. "Estimates of the social cost of carbon have increased over time," Papers 2105.03656, arXiv.org, revised Aug 2022.

  7. Pindyck, Robert S. & Martin, Ian, 2015. "Averting Catastrophes: The Strange Economics of Scylla and Charybdis," CEPR Discussion Papers 10730, C.E.P.R. Discussion Papers.

    Cited by:

    1. Rick Van der Ploeg & Aart de Zeeuw, 2018. "Pricing Carbon and Adjusting Capital to Fend off Climate Catastrophes," OxCarre Working Papers 207, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    2. Aurland-Bredesen , Kine Josefine, 2017. "Averting catastrophes in a more complex world," Working Paper Series 06-2017, Norwegian University of Life Sciences, School of Economics and Business.
    3. Rachel Glennerster & Christopher M. Snyder & Brandon Joel Tan, 2022. "Calculating the Costs and Benefits of Advance Preparations for Future Pandemics," NBER Working Papers 30565, National Bureau of Economic Research, Inc.
    4. David Anthoff & Richard S. J. Tol, 2021. "Testing the Dismal Theorem," CESifo Working Paper Series 8939, CESifo.
    5. Mathews, Shilpita & Surminski, Swenja & Roezer, Viktor, 2021. "The risk of corporate lock-in to future physical climate risks: the case of flood risk in England and Wales," LSE Research Online Documents on Economics 112801, London School of Economics and Political Science, LSE Library.
    6. Robert S. Pindyck, 2016. "The Social Cost of Carbon Revisited," NBER Working Papers 22807, National Bureau of Economic Research, Inc.
    7. Maria Arvaniti & Chandra K. Krishnamurthy & Anne-Sophie Crépin, 2019. "Time-consistent resource management with regime shifts," CER-ETH Economics working paper series 19/329, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    8. Ian Martin & Robert S. Pindyck, 2017. "Averting Catastrophes that Kill," NBER Working Papers 23346, National Bureau of Economic Research, Inc.
    9. Ilan Noy & Tomáš Uher, 2022. "Four New Horsemen of an Apocalypse? Solar Flares, Super-volcanoes, Pandemics, and Artificial Intelligence," Economics of Disasters and Climate Change, Springer, vol. 6(2), pages 393-416, July.
    10. Vislie, Jon, 2017. "Resource Extraction and Uncertain Tipping Points," Memorandum 03/2017, Oslo University, Department of Economics.
    11. Ian W. R. Martin & Robert S. Pindyck, 2020. "Welfare Costs of Catastrophes: Lost Consumption and Lost Lives," Working Papers 2020.27, Fondazione Eni Enrico Mattei.
    12. Sureth Michael & Kalkuhl Matthias & Edenhofer Ottmar & Rockström Johan, 2023. "A Welfare Economic Approach to Planetary Boundaries," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 243(5), pages 477-542, October.
    13. Martin, Ian & Pindyck, R. S., 2015. "Averting catastrophes: the strange economics of Scylla and Charybdis," LSE Research Online Documents on Economics 62139, London School of Economics and Political Science, LSE Library.
    14. Thomas Douenne, 2020. "Disaster risks, disaster strikes, and economic growth: The role of preferences," Post-Print halshs-02973075, HAL.
    15. Oliver D. Bettis & Simon Dietz & Nick G. Silver, 2017. "The risk of climate ruin," Climatic Change, Springer, vol. 140(2), pages 109-118, January.
    16. Per-Olov Johansson & Bengt Kriström, 2015. "On the Social Cost of Water-Related Disasters," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 1(03), pages 1-26.
    17. Emmanuel Apergis & Nicholas Apergis, 2021. "The impact of COVID-19 on economic growth: evidence from a Bayesian Panel Vector Autoregressive (BPVAR) model," Applied Economics, Taylor & Francis Journals, vol. 53(58), pages 6739-6751, December.
    18. Samuel G. Hanson & David S. Scharfstein & Adi Sunderam, 2016. "Fiscal Risk and the Portfolio of Government Programs," NBER Working Papers 22763, National Bureau of Economic Research, Inc.
    19. Besley, Tim & Dixit, Avinash K., 2017. "Comparing Alternative Policies Against Environmental Catastrophes," CEPR Discussion Papers 11802, C.E.P.R. Discussion Papers.
    20. Can Askan Mavi, 2019. "Can harmful events be another source of environmental traps?," CEE-M Working Papers halshs-02141789, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro.
    21. Can Askan Mavi, 2017. "Can a hazardous event be another source of poverty traps ?," Working Papers 2017.14, FAERE - French Association of Environmental and Resource Economists.
    22. Marshall Burke & Melanie Craxton & Charles D. Kolstad & Chikara Onda, 2016. "Some Research Challenges In The Economics Of Climate Change," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 7(02), pages 1-14, May.
    23. J. Farmer & Cameron Hepburn & Penny Mealy & Alexander Teytelboym, 2015. "A Third Wave in the Economics of Climate Change," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(2), pages 329-357, October.
    24. Mark Pennington, 2021. "Hayek on complexity, uncertainty and pandemic response," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(2), pages 203-220, June.
    25. Kolb, Aaron & Conitzer, Vincent, 2020. "Crying about a strategic wolf: A theory of crime and warning," Journal of Economic Theory, Elsevier, vol. 189(C).
    26. Braun, Alexander & Braun, Julia & Weigert, Florian, 2023. "Extreme weather risk and the cost of equity," CFR Working Papers 23-08, University of Cologne, Centre for Financial Research (CFR).
    27. Mathews, Shilpita & Surminski, Swenja & Roezer, Viktor, 2021. "The risk of corporate lock-in to future physical climate risks: the case of flood risk in England and Wales," LSE Research Online Documents on Economics 112807, London School of Economics and Political Science, LSE Library.
    28. Mavi, Can Askan, 2020. "Can harmful events be another source of environmental traps?," Journal of Mathematical Economics, Elsevier, vol. 89(C), pages 29-46.
    29. Harrison Hong & Neng Wang & Jinqiang Yang, 2020. "Mitigating Disaster Risks in the Age of Climate Change," NBER Working Papers 27066, National Bureau of Economic Research, Inc.
    30. Aurélie Méjean & Antonin Pottier & Stéphane Zuber & Marc Fleurbaey, 2023. "Opposite ethical views converge under the threat of catastrophic climate change," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-04158009, HAL.
    31. Fankhauser, Samuel & Kotsch, Raphaela & Srivastav, Sugandha, 2020. "The readiness of industry for a transformative recovery from COVID 19," LSE Research Online Documents on Economics 106995, London School of Economics and Political Science, LSE Library.
    32. Kine Josefine Aurland-Bredesen, 2020. "The Benefit-Cost Ratio as a Decision Criteria When Managing Catastrophes," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(2), pages 345-363, October.
    33. Trond G. Husby & Elco E. Koks, 2017. "Household migration in disaster impact analysis: incorporating behavioural responses to risk," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 87(1), pages 287-305, May.
    34. Roberto Burguet & József Sákovics, 2019. "Personalized prices and uncertainty in monopsony," Working Papers 2019-01, University of Central Florida, Department of Economics.
    35. E.V. Popov, 2021. "Drivers of the Economy in the Context of the Coronavirus Pandemic," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 20(1), pages 5-30.
    36. William Brock & Anastasios Xepapadeas, 2023. "Natural world preservation and infectious diseases: Land-use, climate change and innovation," DEOS Working Papers 2319, Athens University of Economics and Business.
    37. Steven D. Baker & Burton Hollifield & Emilio Osambela, 2018. "Preventing Controversial Catastrophes," Finance and Economics Discussion Series 2018-052, Board of Governors of the Federal Reserve System (U.S.).
    38. Yacov Tsur & Amos Zemel, 2017. "Coping with Multiple Catastrophic Threats," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(1), pages 175-196, September.
    39. Wonjun Chang & Thomas F. Rutherford, 2017. "Catastrophic Thresholds, Bayesian Learning And The Robustness Of Climate Policy Recommendations," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 8(04), pages 1-23, November.
    40. Can Askan Mavi, 2020. "Can harmful events be another source of environmental traps?," Post-Print hal-02880592, HAL.
    41. Rheinberger, Christoph & Treich, Nicolas, 2016. "Attitudes Toward Catastrophe," TSE Working Papers 16-635, Toulouse School of Economics (TSE).
    42. Gerard Meijden & Frederick Ploeg & Cees Withagen, 2017. "Frontiers of Climate Change Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(1), pages 1-14, September.
    43. Wrzaczek, Stefan & Kuhn, Michael & Frankovic, Ivan, 2019. "Using age-structure for a multi-stage optimal control model with random switching time," ECON WPS - Working Papers in Economic Theory and Policy 06/2019, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    44. Heyen, Daniel & Goeschl, Timo & Wiesenfarth , Boris, 2015. "Risk Assessment under Ambiguity: Precautionary Learning vs. Research Pessimism," Working Papers 0605, University of Heidelberg, Department of Economics.
    45. Can Askan Mavi, 2019. "Can harmful events be another source of environmental traps?," Working Papers halshs-02141789, HAL.
    46. Owen Cotton‐Barratt & Max Daniel & Anders Sandberg, 2020. "Defence in Depth Against Human Extinction: Prevention, Response, Resilience, and Why They All Matter," Global Policy, London School of Economics and Political Science, vol. 11(3), pages 271-282, May.

  8. Maxime C. Cohen & Georgia Perakis & Robert S. Pindyck, 2015. "Pricing with Limited Knowledge of Demand," NBER Working Papers 21679, National Bureau of Economic Research, Inc.

    Cited by:

    1. Miller, Nathan H. & Remer, Marc & Ryan, Conor & Sheu, Gloria, 2017. "Upward pricing pressure as a predictor of merger price effects," International Journal of Industrial Organization, Elsevier, vol. 52(C), pages 216-247.
    2. Jian Hu & Junxuan Li & Sanjay Mehrotra, 2019. "A Data-Driven Functionally Robust Approach for Simultaneous Pricing and Order Quantity Decisions with Unknown Demand Function," Operations Research, INFORMS, vol. 67(6), pages 1564-1585, November.
    3. Omar Besbes & Adam N. Elmachtoub & Yunjie Sun, 2020. "Pricing Analytics for Rotable Spare Parts," Interfaces, INFORMS, vol. 50(5), pages 313-324, September.

  9. Robert S. Pindyck, 2015. "The Use and Misuse of Models for Climate Policy," NBER Working Papers 21097, National Bureau of Economic Research, Inc.

    Cited by:

    1. Awaworyi Churchill, Sefa & Inekwe, John & Smyth, Russell & Zhang, Xibin, 2019. "R&D intensity and carbon emissions in the G7: 1870–2014," Energy Economics, Elsevier, vol. 80(C), pages 30-37.
    2. Anastasios Xepapadeas, 2023. "Uncertainty and Climate Change: The IPCC approach vs Decision Theory," DEOS Working Papers 2315, Athens University of Economics and Business.
    3. Ar'anzazu de Juan & Pilar Poncela & Vladimir Rodr'iguez-Caballero & Esther Ruiz, 2022. "Economic activity and climate change," Papers 2206.03187, arXiv.org, revised Jun 2022.
    4. Gissela Landa & Paul Malliet & Frédéric Reynés & Aurélien Saussay, 2018. "The state of applied environmental macroeconomics," SciencePo Working papers Main hal-03443474, HAL.
    5. Johannes Emmerling, 2018. "Sharing Of Climate Risks Across World Regions," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 1-19, August.
    6. Pérez-Blanco, C. D & Standardi, G., 2019. "Farm waters run deep: a coupled positive multi-attribute utility programming and computable general equilibrium model to assess the economy-wide impacts of water buyback," Agricultural Water Management, Elsevier, vol. 213(C), pages 336-351.
    7. van Kooten, G. Cornelis, 2017. "The Economic Challenge of Mitigating Climate Change through Forestry Activities," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 257809, European Association of Agricultural Economists.
    8. Peter Harrison Howard & Derek Sylvan, 2020. "Wisdom of the experts: Using survey responses to address positive and normative uncertainties in climate-economic models," Climatic Change, Springer, vol. 162(2), pages 213-232, September.
    9. Ulrike Kornek & David Klenert & Ottmar Edenhofer & Marc Fleurbaey, 2021. "The social cost of carbon and inequality: When local redistribution shapes global carbon prices," Post-Print hal-03426147, HAL.
    10. Miguel Poblete-Cazenave, 2021. "Simulating the Long-Term Impacts of the COVID-19 Pandemic on the Sustainability of the Population-Economy-Environment Nexus," Economics of Disasters and Climate Change, Springer, vol. 5(3), pages 415-430, October.
    11. Doda, Baran & Fankhauser, Sam, 2020. "Climate policy and power producers: The distribution of pain and gain," Energy Policy, Elsevier, vol. 138(C).
    12. G. Cornelis van Kooten & Mark E. Eiswerth & Jonathon Izett & Alyssa R. Russell, 2021. "Climate Change and the Social Cost of Carbon: DICE Explained and Expanded," Working Papers 2021-01, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
    13. Robert S. Pindyck, 2016. "The Social Cost of Carbon Revisited," NBER Working Papers 22807, National Bureau of Economic Research, Inc.
    14. Luca Gerotto & Paolo Pellizzari, 2021. "A replication of Pindyck’s willingness to pay: on the efforts required to obtain results," SN Business & Economics, Springer, vol. 1(5), pages 1-25, May.
    15. Loïc Berger & Massimo Marinacci, 2020. "Model Uncertainty in Climate Change Economics: A Review and Proposed Framework for Future Research," Post-Print hal-02914088, HAL.
    16. Galindo Paliza, Luis Miguel & Hoffmann, Bridget & Vogt-Schilb, Adrien, 2022. "How Much Will It Cost to Achieve the Climate Goals in Latin America and the Caribbean?," IDB Publications (Working Papers) 11983, Inter-American Development Bank.
    17. Drupp, Moritz A. & Hänsel, Martin C., 2018. "Relative prices and climate policy: How the scarcity of non-market goods drives policy evaluation," Economics Working Papers 2018-01, Christian-Albrechts-University of Kiel, Department of Economics.
    18. Claire Alestra & Gilbert Cette & Valérie Chouard & Rémy Lecat, 2020. "Long-term growth impact of climate change and policies: the Advanced Climate Change Long-term (ACCL) scenario building model," Working Papers halshs-02505088, HAL.
    19. De Bruin, Kelly & Kiran Krishnamurthy, Chandra, 2021. "Optimal Climate Policy with Fat-tailed Uncertainty: What the Models Can Tell Us," Papers WP697, Economic and Social Research Institute (ESRI).
    20. Jonathan D. Moyer & Audrey Pirzadeh & Mohammod Irfan & José Solórzano & Barbara Stone & Yutang Xiong & Taylor Hanna & Barry B. Hughes, 2023. "How many people will live in poverty because of climate change? A macro-level projection analysis to 2070," Climatic Change, Springer, vol. 176(10), pages 1-18, October.
    21. Ekholm, Tommi, 2020. "Optimal forest rotation under carbon pricing and forest damage risk," Forest Policy and Economics, Elsevier, vol. 115(C).
    22. Signe Krogstrup & William Oman, 2019. "Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature," IMF Working Papers 2019/185, International Monetary Fund.
    23. Arbex, Marcelo & Batu, Michael, 2020. "What if people value nature? Climate change and welfare costs," Resource and Energy Economics, Elsevier, vol. 61(C).
    24. Luis Miguel Galindo Paliza & Bridget Hoffman & Adrien Vogt-Schilb, 2022. "How Much Will It Cost to Achieve the Climate Goals in Latin America and the Caribbean? [¿Cuánto costará lograr los objetivos del cambio climático en América Latina y el Caribe?]," Post-Print halshs-03720397, HAL.
    25. Marie-Noëlle WOILLEZ & Gaël Giraud & Antoine GODIN, 2019. "Economic impacts of a glacial period: a thought experiment," Working Paper 3a96628b-b59b-411a-bc45-d, Agence française de développement.
    26. Tsigaris, Panagiotis & Wood, Joel, 2016. "A simple climate-Solow model for introducing the economics of climate change to undergraduate students," International Review of Economics Education, Elsevier, vol. 23(C), pages 65-81.
    27. Rick Van der Ploeg & Armon Rezai, 2017. "The Agnostic's Response to Climate Deniers: Price Carbon!," OxCarre Working Papers 202, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    28. Monica Billio & Roberto Casarin & Enrica De Cian & Malcolm Mistry & Anthony Osuntuyi, 2021. "The Impact of Climate on Economic and Financial Cycles: A Markov-switching Panel Approach," Working Papers 2021:03, Department of Economics, University of Venice "Ca' Foscari".
    29. Graham Palmer, 2018. "A Biophysical Perspective of IPCC Integrated Energy Modelling," Energies, MDPI, vol. 11(4), pages 1-17, April.
    30. Loïc Berger & Johannes Emmerling & Massimo Tavoni, 2017. "Managing Catastrophic Climate Risks Under Model Uncertainty Aversion," Post-Print hal-01744501, HAL.
    31. Robert S. Pindyck, 2020. "What We Know and Don't Know about Climate Change, and Implications for Policy," NBER Working Papers 27304, National Bureau of Economic Research, Inc.
    32. Nelson, Tim & Pascoe, Owen & Calais, Prabpreet & Mitchell, Lily & McNeill, Judith, 2019. "Efficient integration of climate and energy policy in Australia’s National Electricity Market," Economic Analysis and Policy, Elsevier, vol. 64(C), pages 178-193.
    33. Pérez-Blanco, C.D. & Gutiérrez-Martín, C., 2017. "Buy me a river: Use of multi-attribute non-linear utility functions to address overcompensation in agricultural water buyback," Agricultural Water Management, Elsevier, vol. 190(C), pages 6-20.
    34. Ivan Faiella & Luciano Lavecchia & Alessandro Mistretta & Valentina Michelangeli, 2021. "A micro-founded climate stress test on the financial vulnerability of Italian households and firms," Questioni di Economia e Finanza (Occasional Papers) 639, Bank of Italy, Economic Research and International Relations Area.
    35. Richard S.J. Tol, 2019. "A social cost of carbon for (almost) every country," Working Paper Series 0219, Department of Economics, University of Sussex Business School.
    36. van der Ploeg, Frederick & Rezai, Armon, 2017. "The Agnostic’s Response to Climate Deniers: Price Carbon!," CEPR Discussion Papers 12468, C.E.P.R. Discussion Papers.
    37. Howard, Peter H. & Sylvan, Derek, 2015. "The Economic Climate: Establishing Consensus on the Economics of Climate Change," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205761, Agricultural and Applied Economics Association.
    38. Marc CHESNEY & Pierre LASSERRE & Bruno TROJA, 2016. "Mitigating Global Warming : A Real Options Approach," Cahiers de recherche 08-2016, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    39. Cho, Seojin & Antle, John M., 2019. "Impact of Domestic and Trade Policies on Adoption of a Biofuel Crop in Dryland Wheat-Based Farming Systems in U.S. Pacific Northwest," 2019 Annual Meeting, July 21-23, Atlanta, Georgia 290920, Agricultural and Applied Economics Association.
    40. G. Cornelis van Kooten, 2016. "California Dreaming: The Economics of Renewable Energy," Working Papers 2016-05, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
    41. Asta Mikalauskiene & Justas Štreimikis & Ignas Mikalauskas & Gintarė Stankūnienė & Rimantas Dapkus, 2019. "Comparative Assessment of Climate Change Mitigation Policies in Fuel Combustion Sector of Lithuania and Bulgaria," Energies, MDPI, vol. 12(3), pages 1-25, February.
    42. Hinterlang, Natascha & Martin, Anika & Röhe, Oke & Stähler, Nikolai & Strobel, Johannes, 2022. "Using energy and emissions taxation to finance labor tax reductions in a multi-sector economy," Energy Economics, Elsevier, vol. 115(C).
    43. Stefan Schleicher, 2015. "Deepening the Scope of the "Economic Model": Functionalities, Structures, Mechanisms, and Institutions. WWWforEurope Policy Paper No. 24," WIFO Studies, WIFO, number 58263, February.
    44. Asjad Naqvi & Engelbert Stockhammer, 2017. "Directed technological change in a post-Keynesian ecological macromodel," Working Papers PKWP1714, Post Keynesian Economics Society (PKES).
    45. Agliardi, Elettra & Xepapadeas, Anastasios, 2022. "Temperature targets, deep uncertainty and extreme events in the design of optimal climate policy," Journal of Economic Dynamics and Control, Elsevier, vol. 139(C).
    46. Gallic, Ewen & Vermandel, Gauthier, 2017. "Weather Shocks, Climate Change and Business Cycles," MPRA Paper 81230, University Library of Munich, Germany.
    47. Bovari, Emmanuel & Giraud, Gaël & Mc Isaac, Florent, 2018. "Coping With Collapse: A Stock-Flow Consistent Monetary Macrodynamics of Global Warming," Ecological Economics, Elsevier, vol. 147(C), pages 383-398.
    48. Ponta, Linda & Raberto, Marco & Teglio, Andrea & Cincotti, Silvano, 2016. "An agent-based stock-flow consistent model of the sustainable transition in the energy sector," MPRA Paper 73183, University Library of Munich, Germany.
    49. Howard, Peter H. & Derek, Sylvan, 2016. "The Wisdom of the Economic Crowd: Calibrating Integrated Assessment Models Using Consensus," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235639, Agricultural and Applied Economics Association.
    50. al Irsyad, Muhammad Indra & Halog, Anthony & Nepal, Rabindra, 2019. "Renewable energy projections for climate change mitigation: An analysis of uncertainty and errors," Renewable Energy, Elsevier, vol. 130(C), pages 536-546.
    51. Peter von zur Muehlen, 2022. "Prices and Taxes in a Ramsey Climate Policy Model under Heterogeneous Beliefs and Ambiguity," Economies, MDPI, vol. 10(10), pages 1-56, October.
    52. Mayer, Jakob & Dugan, Anna & Bachner, Gabriel & Steininger, Karl W., 2021. "Is carbon pricing regressive? Insights from a recursive-dynamic CGE analysis with heterogeneous households for Austria," Energy Economics, Elsevier, vol. 104(C).
    53. G. Cornelis van Kooten, 2020. "Climate Change and Agriculture," Working Papers 2020-01, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
    54. van Kooten, G. Cornelis, 2017. "The Policy Challenge of Creating Forest Offset Credits: A Case Study from the Interior of British Columbia," Working Papers 253887, University of Victoria, Resource Economics and Policy.
    55. van Wijnbergen, Sweder & Olijslagers, Stan, 2019. "Discounting the Future: on Climate Change, Ambiguity Aversion and Epstein-Zin Preferences," CEPR Discussion Papers 13708, C.E.P.R. Discussion Papers.
    56. Stephen Keen & Timothy M. Lenton & Antoine Godin & Devrim Yilmaz & Matheus Grasselli & Timothy J. Garrett, 2021. "Economists' erroneous estimates of damages from climate change," Papers 2108.07847, arXiv.org.
    57. William Brock & Anastasios Xepapadeas, 2019. "Regional Climate Policy under Deep Uncertainty: Robust Control, Hot Spots and Learning," DEOS Working Papers 1903, Athens University of Economics and Business.
    58. Ewen Gallic & Gauthier Vermandel, 2020. "Weather Shocks," Post-Print hal-02498669, HAL.
    59. Brock, William & Xepapadeas, Anastasios, 2021. "Regional climate policy under deep uncertainty: robust control and distributional concerns," Environment and Development Economics, Cambridge University Press, vol. 26(3), pages 211-238, June.
    60. Pamela McElwee, 2021. "Anthropological engagements with integrated assessment modeling," Economic Anthropology, Wiley Blackwell, vol. 8(1), pages 168-171, January.
    61. Chiara Falco & Franco Donzelli & Alessandro Olper, 2018. "Climate Change, Agriculture and Migration: A Survey," Sustainability, MDPI, vol. 10(5), pages 1-21, May.
    62. Baldwin, Elizabeth & Cai, Yongyang & Kuralbayeva, Karlygash, 2020. "To build or not to build? Capital stocks and climate policy∗," Journal of Environmental Economics and Management, Elsevier, vol. 100(C).
    63. Franck Lecocq & Alain Nadaï & C. Cassen, 2021. "Getting models and modellers to inform deep decarbonisation strategies," Post-Print halshs-03504158, HAL.
    64. Carlos Pretel & Pedro Linares, 2021. "How Much Should We Spend to Fight against Climate Change? The Value of Backstop Technologies in a Simplified Model," Energies, MDPI, vol. 14(22), pages 1-11, November.
    65. J. Farmer & Cameron Hepburn & Penny Mealy & Alexander Teytelboym, 2015. "A Third Wave in the Economics of Climate Change," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(2), pages 329-357, October.
    66. Colmenares, Gloria & Löschel, Andreas & Madlener, Reinhard, 2019. "The rebound effect and its representation in energy and climate models," CAWM Discussion Papers 106, University of Münster, Münster Center for Economic Policy (MEP).
    67. Rising, James A. & Taylor, Charlotte & Ives, Matthew C. & Ward, Robert E.T., 2022. "Challenges and innovations in the economic evaluation of the risks of climate change," Ecological Economics, Elsevier, vol. 197(C).
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    96. Agudo-Domínguez, Alberto & Pérez-Blanco, C. Dionisio & Gil-García, Laura & Ortega, José Antonio & Dasgupta, Shouro, 2022. "Climate-sensitive hydrological drought insurance for irrigated agriculture under deep uncertainty. Insightful results from the Cega River Basin in Spain," Agricultural Water Management, Elsevier, vol. 274(C).
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    102. Stephen J. DeCanio & Charles F. Manski & Alan H. Sanstad, 2022. "Minimax-Regret Climate Policy with Deep Uncertainty in Climate Modeling and Intergenerational Discounting," NBER Working Papers 29716, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Thomas Buchholz & John Gunn & Bruce Springsteen & Gregg Marland & Max Moritz & David Saah, 2022. "Probability-based accounting for carbon in forests to consider wildfire and other stochastic events: synchronizing science, policy, and carbon offsets," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 27(1), pages 1-21, January.
    2. Balbus, Łukasz & Reffett, Kevin & Woźny, Łukasz, 2022. "Time-consistent equilibria in dynamic models with recursive payoffs and behavioral discounting," Journal of Economic Theory, Elsevier, vol. 204(C).
    3. Richard S.J. Tol, 2018. "The impact of climate change and the social cost of carbon," Working Paper Series 1318, Department of Economics, University of Sussex Business School.
    4. Bård Harstad, 2018. "Pledge-and-Review Bargaining," CESifo Working Paper Series 7296, CESifo.
    5. David Anthoff & Richard S. J. Tol, 2021. "Testing the Dismal Theorem," CESifo Working Paper Series 8939, CESifo.
    6. Peng, Ling & Kloeden, Peter E., 2021. "Time-consistent portfolio optimization," European Journal of Operational Research, Elsevier, vol. 288(1), pages 183-193.
    7. Mark C. Freeman & Gernot Wagner & Richard J. Zeckhauser, 2015. "Climate Sensitivity Uncertainty: When is Good News Bad?," NBER Working Papers 20900, National Bureau of Economic Research, Inc.
    8. Rick Van der Ploeg & Armon Rezai, 2018. "Simple Rules For Climate Policy And Integrated Assessment," OxCarre Working Papers 213, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    9. Eric Fesselmeyer & Haoming Liu & Alberto Salvo, 2022. "Declining discount rates in Singapore's market for privately developed apartments," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 330-350, March.
    10. Sigit Perdana & Rod Tyers, 2018. "Global climate change mitigation: Strategic incentives," CAMA Working Papers 2018-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    11. Brock, W. & Xepapadeas, A., 2016. "Spatial Heat Transport, Polar Amplification and Climate Change Policy," MITP: Mitigation, Innovation and Transformation Pathways 232182, Fondazione Eni Enrico Mattei (FEEM).
    12. Yew-Kwang Ng, 2016. "The Importance of Global Extinction in Climate Change Policy," Global Policy, London School of Economics and Political Science, vol. 7(3), pages 315-322, September.
    13. Chunbo Zhang & Mingming Hu & Xining Yang & Arianna Amati & Arnold Tukker, 2020. "Life cycle greenhouse gas emission and cost analysis of prefabricated concrete building façade elements," Journal of Industrial Ecology, Yale University, vol. 24(5), pages 1016-1030, October.
    14. Nicholas Z. Muller, 2016. "The Derivation of Discount Rates with an Augmented Measure of Income," NBER Working Papers 22579, National Bureau of Economic Research, Inc.
    15. Peter Abelson & Tim Dalton, 2018. "Choosing the Social Discount Rate for Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 51(1), pages 52-67, March.
    16. Harstad, Bård, 2021. "A Theory of Pledge-and-Review Bargaining," Memorandum 5/2022, Oslo University, Department of Economics, revised 21 Jun 2021.
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    18. William Brock & Anastasios Xepapadeas, 2015. "Modeling Coupled Climate, Ecosystems, and Economic Systems," DEOS Working Papers 1508, Athens University of Economics and Business.
    19. Yongyang Cai, 2020. "The Role of Uncertainty in Controlling Climate Change," Papers 2003.01615, arXiv.org, revised Oct 2020.
    20. Mark C. Freeman & Ben Groom & Ekaterini Panopoulou & Theologos Pantelidis, 2013. "Declining discount rates and the Fisher Effect: Inflated past, discounted future?," GRI Working Papers 109, Grantham Research Institute on Climate Change and the Environment.
    21. Graeme J. Doole & Geoff Kaine & Zack Dorner, 2019. "The optimal diffusion of mitigation options for environmental management," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(2), pages 354-382, April.
    22. Marion Dupoux, 2019. "The land use change time-accounting failure," Post-Print hal-02409626, HAL.
    23. Zhou, Yuwen & Tian, Lixin & Yang, Xiaoguang, 2023. "Schumpeterian endogenous growth model under green innovation and its enculturation effect," Energy Economics, Elsevier, vol. 127(PB).
    24. Koundouri, Phoebe & Roseta-Palma, Catarina & Englezos, Nikolaos, 2017. "Out of Sight, Not Out of Mind: Developments in Economic Models of Groundwater Management," International Review of Environmental and Resource Economics, now publishers, vol. 11(1), pages 55-96, October.
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    29. Christian Gollier & Frederick van der Ploeg & Jiakun Zheng, 2022. "The discounting premium puzzle: survey evidence from professional economists," Economics Series Working Papers 976, University of Oxford, Department of Economics.
    30. Justin Contat & Caroline Hopkins & Luis Mejia & Matthew Suandi, 2023. "When Climate Meets Real Estate: A Survey of the Literature," FHFA Staff Working Papers 23-05, Federal Housing Finance Agency.
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    34. Hänsel, Martin C. & Quaas, Martin F., 2018. "Intertemporal Distribution, Suffciency, and the Social Cost of Carbon," Open Access Publications from Kiel Institute for the World Economy 233103, Kiel Institute for the World Economy (IfW Kiel).
    35. Alan J. Auerbach & William G. Gale, 2021. "Tax Policy Design with Low Interest Rates," NBER Chapters, in: Tax Policy and the Economy, Volume 36, pages 93-121, National Bureau of Economic Research, Inc.
    36. Steffen, Bjarne, 2020. "Estimating the cost of capital for renewable energy projects," Energy Economics, Elsevier, vol. 88(C).
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    38. Tamai, Toshiki, 2023. "The rate of discount on public investments with future bias in an altruistic overlapping generations model," European Journal of Political Economy, Elsevier, vol. 79(C).
    39. Howard, Peter H. & Derek, Sylvan, 2016. "The Wisdom of the Economic Crowd: Calibrating Integrated Assessment Models Using Consensus," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235639, Agricultural and Applied Economics Association.
    40. Strulik, Holger, 2017. "Hyperbolic discounting and the time-consistent solution of three canonical environmental problems," University of Göttingen Working Papers in Economics 319, University of Goettingen, Department of Economics, revised 2017.
    41. Serban Raicu & Mihaela Popa & Dorinela Costescu, 2022. "Uncertainties Influencing Transportation System Performances," Sustainability, MDPI, vol. 14(13), pages 1-15, June.
    42. Geoff Bright & Emily Connors & Joe Grice, 2019. "Measuring natural capital: towards accounts for the UK and a basis for improved decision-making," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 35(1), pages 88-108.
    43. Rafał Buła & Monika Foltyn-Zarychta, 2022. "Declining Discount Rates for Energy Policy Investments in CEE EU Member Countries," Energies, MDPI, vol. 16(1), pages 1-27, December.
    44. Chichilnisky, Graciela & Hammond, Peter J. & Stern, Nicholas, 2020. "Fundamental Utilitarianism and Intergenerational Equity with Extinction Discounting," CAGE Online Working Paper Series 451, Competitive Advantage in the Global Economy (CAGE).
    45. Leurent, Martin & Da Costa, Pascal & Jasserand, Frédéric & Rämä, Miika & Persson, Urban, 2018. "Cost and climate savings through nuclear district heating in a French urban area," Energy Policy, Elsevier, vol. 115(C), pages 616-630.
    46. Michael D. Bauer & Glenn D. Rudebusch, 2023. "The Rising Cost of Climate Change: Evidence from the Bond Market," The Review of Economics and Statistics, MIT Press, vol. 105(5), pages 1255-1270, September.
    47. Rennert, Kevin & Prest, Brian C. & Pizer, William & Newell, Richard G. & Anthoff, David & Kingdon, Cora & Rennels, Lisa & Cooke, Roger & Raftery, Adrian E. & Ševčíková, Hana & Errickson, Frank, 2021. "The Social Cost of Carbon: Advances in Long-Term Probabilistic Projections of Population, GDP, Emissions, and Discount Rates," RFF Working Paper Series 21-28, Resources for the Future.
    48. Alexey Komzolov & Tatiana Kirichenko & Olga Kirichenko & Yulia Nazarova & Natalya Shcherbakova, 2021. "The Problem of Determining Discount Rate for Integrated Investment Projects in the Oil and Gas Industry," Mathematics, MDPI, vol. 9(24), pages 1-13, December.
    49. Christian Gourieroux & Alain Monfort & Jean-Paul Renne, 2022. "Required Capital for Long-Run Risks," Post-Print hal-03865173, HAL.
    50. Therese C. Grijalva & Jayson L. Lusk & Rong Rong & W. Douglass Shaw, 2018. "Convex Time Budgets and Individual Discount Rates in the Long Run," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(1), pages 259-277, September.
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    52. Marshall Burke & Melanie Craxton & Charles D. Kolstad & Chikara Onda, 2016. "Some Research Challenges In The Economics Of Climate Change," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 7(02), pages 1-14, May.
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    55. Xie, Yang & Zilberman, David, 2014. "The Economics of Water Project Capacities under Optimal Water Inventory Management," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt6c24636b, Department of Agricultural & Resource Economics, UC Berkeley.
    56. Lloyd-Smith, Patrick & Adamowicz, Wiktor & Entem, Alicia & Fenichel, Eli P. & Rouhi Rad, Mani, 2021. "The decade after tomorrow: Estimation of discount rates from realistic temporal decisions over long time horizons," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 158-174.
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    60. Brock, W. & Xepapadeas, A., 2016. "Climate Change Policy under Polar Amplification," MITP: Mitigation, Innovation and Transformation Pathways 232717, Fondazione Eni Enrico Mattei (FEEM).
    61. William Brock & Anastasios Xepapadeas, 2016. "Climate Change Policy under Spatial Heat Transport and Polar Amplification," DEOS Working Papers 1604, Athens University of Economics and Business.
    62. Hammitt, James K., 2020. "Accounting for the distribution of benefits & costs in benefit-cost analysis," TSE Working Papers 20-1116, Toulouse School of Economics (TSE).
    63. James Broughel, 2020. "Cost-Benefit Analysis as a Failure to Learn from the Past," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 35(Spring 20), pages 105-113.
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    67. Mark C. Freeman & Ben Groom, 2013. "How certain are we about the certainty-equivalent long term social discount rate?," GRI Working Papers 138, Grantham Research Institute on Climate Change and the Environment.
    68. Gabriella Maselli & Antonio Nesticò, 2021. "The Role of Discounting in Energy Policy Investments," Energies, MDPI, vol. 14(19), pages 1-18, September.
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    90. Flowers, Mallory E. & Smith, Matthew K. & Parsekian, Ara W. & Boyuk, Dmitriy S. & McGrath, Jenna K. & Yates, Luke, 2016. "Climate impacts on the cost of solar energy," Energy Policy, Elsevier, vol. 94(C), pages 264-273.
    91. Anna M. Dugan & Timo Trimborn, 2020. "The Optimal Extraction of Non-Renewable Resources under Hyperbolic Discounting," Economics Working Papers 2020-17, Department of Economics and Business Economics, Aarhus University.
    92. David Ceballos Hornero & Samuel Mongrut Montalván, 2021. "The Entrepreneurial Social Discount Rate: Risk Premium and Loss Aversion in New Ventures," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 16(4), pages 1-24, Octubre -.
    93. Szekeres, Szabolcs, 2015. "Governments Should Not Use Declining Discount Rates in Project Analysis," MPRA Paper 63438, University Library of Munich, Germany.

  11. Richard S. J. Tol & Kenneth J. Arrow & Maureen L. Cropper & Christian Gollier & Ben Groom & Geoffrey M. Heal & Richard G. Newell & William D. Nordhaus & Robert S. Pindyck & William A. Pizer & Paul R. , 2013. "How Should Benefits and Costs Be Discounted in an Intergenerational Context?," Working Paper Series 5613, Department of Economics, University of Sussex Business School.

    Cited by:

    1. Eric Fesselmeyer & Haoming Liu & Alberto Salvo, 2022. "Declining discount rates in Singapore's market for privately developed apartments," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 330-350, March.
    2. Sascha Kollenberg & Luca Taschini, 2016. "Emissions trading systems with cap adjustments," GRI Working Papers 195, Grantham Research Institute on Climate Change and the Environment.
    3. Tas Thamo & David J. Pannell & Marit E. Kragt & Michael J. Robertson & Maksym Polyakov, 2017. "Dynamics and the economics of carbon sequestration: common oversights and their implications," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 22(7), pages 1095-1111, October.
    4. William Brock & Anastasios Xepapadeas, 2015. "Modeling Coupled Climate, Ecosystems, and Economic Systems," DEOS Working Papers 1508, Athens University of Economics and Business.
    5. Sussman Fran & Weaver Christopher P. & Grambsch Anne, 2014. "Challenges in applying the paradigm of welfare economics to climate change," Journal of Benefit-Cost Analysis, De Gruyter, vol. 5(3), pages 347-376, December.
    6. Kersting, Jan & Duscha, Vicki & Weitzel, Matthias, 2017. "Cooperation on climate change under economic linkages: How the inclusion of macroeconomic effects affects stability of a global climate coalition," Open Access Publications from Kiel Institute for the World Economy 226353, Kiel Institute for the World Economy (IfW Kiel).
    7. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled: an expert survey on the determinants of the long-term social discount rate," GRI Working Papers 196a, Grantham Research Institute on Climate Change and the Environment.
    8. Liqun Liu & Andrew J. Rettenmaier & Thomas R. Saving, 2021. "Discounting Environmental Benefits for Future Generations," Public Finance Review, , vol. 49(1), pages 41-70, January.
    9. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled," GRI Working Papers 172, Grantham Research Institute on Climate Change and the Environment.
    10. Renaud Coulomb & Fanny Henriet & Léo Reitzmann, 2021. "'Bad' Oil, 'Worse' Oil and Carbon Misallocation," PSE Working Papers halshs-03244647, HAL.
    11. Barrage, Lint, 2018. "Be careful what you calibrate for: Social discounting in general equilibrium," Journal of Public Economics, Elsevier, vol. 160(C), pages 33-49.
    12. Márta Somogyvári, 2018. "Ethical Aspects of Intertemporal Discounting and the Social Discount Rate," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 17(3), pages 109-132.
    13. Cees Withagen, 2019. "The Social Cost of Carbon and the Ramsey Rule," Working Papers 2019.16, FAERE - French Association of Environmental and Resource Economists.
    14. Freeman, Mark C. & Groom, Ben, 2015. "Positively gamma discounting: combining the opinions of experts on the social discount rate," LSE Research Online Documents on Economics 57158, London School of Economics and Political Science, LSE Library.
    15. Mauri Kotamäki, 2013. "The Pension Scheme Need Not Be Pay-As-You-Go: An Overlapping Generations Approach," Finnish Economic Papers, Finnish Economic Association, vol. 26(2), pages 56-71, Autumn.
    16. Maureen L. Cropper & Mark C. Freeman & Ben Groom & William A. Pizer, 2014. "Declining Discount Rates," American Economic Review, American Economic Association, vol. 104(5), pages 538-543, May.
    17. Moore, Mark A. & Boardman, Anthony E. & Vining, Aidan R., 2013. "More appropriate discounting: the rate of social time preference and the value of the social discount rate," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 4(1), pages 1-16, March.
    18. Frank L. Bartels & Bianca Cravenna, 2015. "Low Carbon Development: The Challenges of Green Energy Innovation," Globelics Working Paper Series 2015-03, Globelics - Global Network for Economics of Learning, Innovation, and Competence Building Systems, Aalborg University, Department of Business and Management.
    19. Bernard Lapeyre & Emile Quinet, 2017. "A Simple GDP-based Model for Public Investments at Risk," Post-Print hal-01666574, HAL.
    20. Moore Mark A. & Vining Aidan R. & Boardman Anthony E., 2013. "The choice of the social discount rate and the opportunity cost of public funds," Journal of Benefit-Cost Analysis, De Gruyter, vol. 4(3), pages 401-409, December.
    21. Tom Huppertz & Bo P. Weidema & Simon Standaert & Bernard De Caevel & Elisabeth van Overbeke, 2019. "The Social Cost of Sub-Soil Resource Use," Resources, MDPI, vol. 8(1), pages 1-17, January.
    22. Liu, Jing-Yu & Fujimori, Shinichiro & Masui, Toshihiko, 2016. "Temporal and spatial distribution of global mitigation costs: INDCs and generation equity," Conference papers 332680, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    23. Daniel A. Farber, 2015. "Gambling over Growth: Economic Uncertainty, Discounting, and Regulatory Policy," The Journal of Legal Studies, University of Chicago Press, vol. 44(S2), pages 509-528.
    24. Mark C. Freeman & Ben Groom, 2013. "How certain are we about the certainty-equivalent long term social discount rate?," GRI Working Papers 138, Grantham Research Institute on Climate Change and the Environment.
    25. Bluffstone, R. & Coulston, J. & Haight, R.G. & Kline, J. & Polasky, S. & Wear, D.N. & Zook, K., 2017. "Estimated Values of Carbon Sequestration Resulting from Forest Management Scenarios," C-FARE Reports 260680, Council on Food, Agricultural, and Resource Economics (C-FARE).
    26. Rautiainen, Aapo & Lintunen, Jussi, 2017. "Social Cost of Forcing: A Basis for Pricing All Forcing Agents," Ecological Economics, Elsevier, vol. 133(C), pages 42-51.
    27. Lugovoy, O. & Polbin, A., 2016. "On Intergenerational Distribution of the Burden of Greenhouse Gas Emissions," Journal of the New Economic Association, New Economic Association, vol. 31(3), pages 12-39.
    28. Monge, Juan J. & Daigneault, Adam J. & Dowling, Leslie J. & Harrison, Duncan R. & Awatere, Shaun & Ausseil, Anne-Gaelle, 2018. "Implications of future climatic uncertainty on payments for forest ecosystem services: The case of the East Coast of New Zealand," Ecosystem Services, Elsevier, vol. 33(PB), pages 199-212.
    29. Wainger, L. & Loomis, J. & Johnston, R. & Hansen, L. & Carlisle, D. & Lawrence, D. & Gollehon, N. & Duriancik, L. & Schwartz, G. & Ribaudo, M. & Gala, C., 2017. "Ecosystem Service Benefits Generated by Improved Water Quality from Conservation Practices," C-FARE Reports 260679, Council on Food, Agricultural, and Resource Economics (C-FARE).
    30. Knoke, Thomas & Paul, Carola & Härtl, Fabian, 2017. "A critical view on benefit-cost analyses of silvicultural management options with declining discount rates," Forest Policy and Economics, Elsevier, vol. 83(C), pages 58-69.
    31. Hector, Svenja, 2015. "Extending the Ramsey Equation further: Discounting under Mutually Utility Independent and Recursive Preferences," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113061, Verein für Socialpolitik / German Economic Association.
    32. Broughel, James, 2017. "The Social Discount Rate: A Baseline Approach," Working Papers 06956, George Mason University, Mercatus Center.
    33. Fesselmeyer, Eric & Liu, Haoming & Salvo, Alberto, 2016. "How Do Households Discount over Centuries? Evidence from Singapore's Private Housing Market," IZA Discussion Papers 9862, Institute of Labor Economics (IZA).
    34. Eli P. Fenichel & Matthew J. Kotchen & Ethan T. Addicott, 2017. "Even the Representative Agent Must Die: Using Demographics to Inform Long-Term Social Discount Rates," NBER Working Papers 23591, National Bureau of Economic Research, Inc.
    35. Warren, Liz & Seal, Will, 2018. "Using investment appraisal models in strategic negotiation: The cultural political economy of electricity generation," Accounting, Organizations and Society, Elsevier, vol. 70(C), pages 16-32.
    36. Cees Withagen, 2022. "On Simple Rules for the Social Cost of Carbon," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(2), pages 461-481, June.
    37. Cameron Hepburn & Greer Gosnell, 2014. "Evaluating impacts in the distant future: cost–benefit analysis, discounting and the alternatives," Chapters, in: Giles Atkinson & Simon Dietz & Eric Neumayer & Matthew Agarwala (ed.), Handbook of Sustainable Development, chapter 9, pages 140-159, Edward Elgar Publishing.
    38. Michael Spackman, 2017. "Social discounting: the SOC/STP divide," GRI Working Papers 182, Grantham Research Institute on Climate Change and the Environment.
    39. Bernard Lapeyre & Emile Quinet, 2017. "A Simple GDP-based Model for Public Investments at Risk," PSE-Ecole d'économie de Paris (Postprint) hal-01666574, HAL.
    40. Motlaghzadeh, Kasra & Schweizer, Vanessa & Craik, Neil & Moreno-Cruz, Juan, 2023. "Key uncertainties behind global projections of direct air capture deployment," Applied Energy, Elsevier, vol. 348(C).

  12. Robert S. Pindyck, 2013. "Climate Change Policy: What Do the Models Tell Us?," NBER Working Papers 19244, National Bureau of Economic Research, Inc.

    Cited by:

    1. Burda, Michael C. & Zessner-Spitzenberg, Leopold, 2024. "Greenhouse Gas Mitigation and Price-Driven Growth in a Solow-Swan Economy with an Environmental Limit," IZA Discussion Papers 16771, Institute of Labor Economics (IZA).
    2. Christian Walter, 2020. "Sustainable Financial Risk Modelling Fitting the SDGs: Some Reflections," Sustainability, MDPI, vol. 12(18), pages 1-28, September.
    3. van den Bergh, J.C.J.M. & Botzen, W.J.W., 2015. "Monetary valuation of the social cost of CO2 emissions: A critical survey," Ecological Economics, Elsevier, vol. 114(C), pages 33-46.
    4. Insley, Margaret & A. Forsyth, Peter, 2019. "Climate games: Who’s on first? What’s on second?," L'Actualité Economique, Société Canadienne de Science Economique, vol. 95(2-3), pages 287-322, Juin-Sept.
    5. Stern, Nicholas, 2018. "Public economics as if time matters: Climate change and the dynamics of policy," Journal of Public Economics, Elsevier, vol. 162(C), pages 4-17.
    6. Karla Hernández & Carlos Madeira, 2021. "The impact of climate change on economic output in Chile: past and future," Working Papers Central Bank of Chile 933, Central Bank of Chile.
    7. Jean-François Ouvrard, 2015. "L'analyse macroéconomique de la transition énergétique : difficile mais indispensable," Revue d'économie financière, Association d'économie financière, vol. 0(1), pages 63-73.
    8. Prabhu Pingali & Anaka Aiyar & Mathew Abraham & Andaleeb Rahman, 2019. "Transforming Food Systems for a Rising India," Palgrave Studies in Agricultural Economics and Food Policy, Palgrave Macmillan, number 978-3-030-14409-8, August.
    9. Tamma Carleton & Michael Greenstone, 2021. "Updating the United States Government's Social Cost of Carbon," Working Papers 2021-04, Becker Friedman Institute for Research In Economics.
    10. Tomas Havranek & Zuzana Irsova & Karel Janda & David Zilberman, 2015. "Selective reporting and the social cost of carbon," CAMA Working Papers 2015-28, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    11. Grubb, M. & Mercure, J. & Salas, P. & Lange, R., 2018. "Systems Innovation, Inertia and Pliability: A mathematical exploration with implications for climate change abatement," Cambridge Working Papers in Economics 1819, Faculty of Economics, University of Cambridge.
    12. Alessandro Moro, 2021. "Can capital controls promote green investments in developing countries?," Temi di discussione (Economic working papers) 1348, Bank of Italy, Economic Research and International Relations Area.
    13. Marco Letta & Pierluigi Montalbano & Richard S.J. Tol, 2017. "Temperature shocks, growth and poverty thresholds: evidence from rural Tanzania," Working Paper Series 2117, Department of Economics, University of Sussex Business School.
    14. Simon Levin & Anastasios Xepapadeas, 2020. "On the Co-evolution of Economic and Ecological Systems," DEOS Working Papers 2034, Athens University of Economics and Business.
    15. Tomas Balint & Francesco Lamperti & Antoine Mandel & Mauro Napoletano & Andrea Roventini & Alessandro Sapio, 2016. "Complexity and the Economics of Climate Change: a Survey and a Look Forward," SciencePo Working papers Main halshs-01390694, HAL.
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    17. Eyckmans, Johan & Fankhauser, Sam & Kverndokk, Snorre, 2016. "Development aid and climate finance," LSE Research Online Documents on Economics 64454, London School of Economics and Political Science, LSE Library.
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    19. Elmira Aliakbari & Ross McKitrick, 2017. "Information Aggregation in a Prediction Market for Climate Outcomes," Working Papers 1702, University of Guelph, Department of Economics and Finance.
    20. Oliver Bettis & Simon Dietz & Nick Silver, 2015. "The risk of climate ruin," GRI Working Papers 217, Grantham Research Institute on Climate Change and the Environment.
    21. Ar'anzazu de Juan & Pilar Poncela & Vladimir Rodr'iguez-Caballero & Esther Ruiz, 2022. "Economic activity and climate change," Papers 2206.03187, arXiv.org, revised Jun 2022.
    22. Roberto Roson & Martina Sartori, 2016. "Estimation of Climate Change Damage Functions for 140 Regions in the GTAP 9 Database," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 1(2), pages 78-115, December.
    23. Eric Danan & Thibault Gajdos & Brian Hill & Jean-Marc Tallon, 2014. "Aggregating Tastes, Beliefs, and Attitudes under Uncertainty," Post-Print halshs-01099032, HAL.
    24. Mariia Belaia & Michael Funke & Nicole Glanemann, 2017. "Global Warming and a Potential Tipping Point in the Atlantic Thermohaline Circulation: The Role of Risk Aversion," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(1), pages 93-125, May.
    25. Melissa Dell & Benjamin F. Jones & Benjamin A. Olken, 2014. "What Do We Learn from the Weather? The New Climate-Economy Literature," Journal of Economic Literature, American Economic Association, vol. 52(3), pages 740-798, September.
    26. Chang, Charles W., 2014. "DICESC: Optimal Policy in a Stochastic Control Framework," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170831, Agricultural and Applied Economics Association.
    27. Moritz A. Drupp & Frikk Nesje & Robert C. Schmidt, 2022. "Pricing Carbon," CESifo Working Paper Series 9608, CESifo.
    28. Rick Van der Ploeg & Armon Rezai, 2018. "Simple Rules For Climate Policy And Integrated Assessment," OxCarre Working Papers 213, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
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    30. Hjort, Ingrid, 2016. "Potential Climate Risks in Financial Markets: A Literature Overview," Memorandum 01/2016, Oslo University, Department of Economics.
    31. Gautier, Pieter A. & Vuuren, Aico van, 2019. "The effect of land lease on house prices," Journal of Housing Economics, Elsevier, vol. 46(C).
    32. Villamizar, Rodrigo & Villamizar-Villegas, Mauricio & Arango, Lucia & Castelblanco, Geraldine, 2021. "Sustainability as a Policy Tool," Working papers 82, Red Investigadores de Economía.
    33. Moreno-Cruz, Juan B. & Wagner, Gernot & Keith, David w., 2017. "An Economic Anatomy of Optimal Climate Policy," Working Paper Series rwp17-028, Harvard University, John F. Kennedy School of Government.
    34. Miguel Poblete-Cazenave, 2021. "Simulating the Long-Term Impacts of the COVID-19 Pandemic on the Sustainability of the Population-Economy-Environment Nexus," Economics of Disasters and Climate Change, Springer, vol. 5(3), pages 415-430, October.
    35. Lucas Bretschger & Aimilia Pattakou, 2019. "As Bad as it Gets: How Climate Damage Functions Affect Growth and the Social Cost of Carbon," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(1), pages 5-26, January.
    36. Ido Nevat, 2022. "Climate-informed urban design via probabilistic acceptability criterion and Sharpe ratio selection," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(1), pages 617-645, January.
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    38. Francesco Lamperti & Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Alessandro Sapio, 2017. "Faraway, so close : coupled climate and economic dynamics in an agent-based integrated assessment model," Sciences Po publications info:hdl:2441/4hs7liq1f49, Sciences Po.
    39. Ido Nevat & Gloria Pignatta & Lea A. Ruefenacht & Juan Angel Acero, 2021. "A decision support tool for climate-informed and socioeconomic urban design," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(5), pages 7627-7651, May.
    40. Dietz, Simon & Gollier, Christian & Kessler, Louise, 2015. "The climate beta," TSE Working Papers 15-608, Toulouse School of Economics (TSE).
    41. Fouquet, Roger, 2016. "Lessons from energy history for climate policy: technological change, demand and economic development," LSE Research Online Documents on Economics 67785, London School of Economics and Political Science, LSE Library.
    42. S. Scrieciu & Zaid Chalabi, 2014. "Climate policy planning and development impact assessment," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 19(3), pages 255-260, March.
    43. Alessi, Lucia & Ossola, Elisa & Panzica, Roberto, 2021. "What greenium matters in the stock market? The role of greenhouse gas emissions and environmental disclosures," Journal of Financial Stability, Elsevier, vol. 54(C).
    44. van der Ploeg, Frederick & Rezai, Armon, 2017. "Cumulative emissions, unburnable fossil fuel, and the optimal carbon tax," Technological Forecasting and Social Change, Elsevier, vol. 116(C), pages 216-222.
    45. Francesco Lamperti & Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Alessandro Sapio, 2018. "And then he wasn't a she : Climate change and green transitions in an agent-based integrated assessment model," SciencePo Working papers Main hal-03443464, HAL.
    46. Hackett, Stian B. & Moxnes, Erling, 2015. "Natural capital in integrated assessment models of climate change," Ecological Economics, Elsevier, vol. 116(C), pages 354-361.
    47. Yingying Lu & David I. Stern, 2014. "Substitutability and the Cost of Climate Mitigation Policy," CAMA Working Papers 2014-28, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    48. Amavilah, Voxi Heinrich, 2020. "T’was slouching towards an illusion and now it’s scurrying toward a delusion: A COVID19-shocked doughnut model economy," MPRA Paper 103263, University Library of Munich, Germany.
    49. Nicolas Taconet & Céline Guivarch & Antonin Pottier, 2021. "Social Cost of Carbon Under Stochastic Tipping Points," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 78(4), pages 709-737, April.
    50. Kevin D. Dayaratna & Ross McKitrick & Patrick J. Michaels, 2020. "Climate sensitivity, agricultural productivity and the social cost of carbon in FUND," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 22(3), pages 433-448, July.
    51. G. Cornelis van Kooten & Mark E. Eiswerth & Jonathon Izett & Alyssa R. Russell, 2021. "Climate Change and the Social Cost of Carbon: DICE Explained and Expanded," Working Papers 2021-01, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
    52. Sergio L. Franklin, Jr. & Robert S. Pindyck, 2017. "Tropical Forests, Tipping Points, and the Social Cost of Deforestation," NBER Working Papers 23272, National Bureau of Economic Research, Inc.
    53. Wilkerson, Jordan T. & Leibowicz, Benjamin D. & Turner, Delavane D. & Weyant, John P., 2015. "Comparison of integrated assessment models: Carbon price impacts on U.S. energy," Energy Policy, Elsevier, vol. 76(C), pages 18-31.
    54. Barbara Annicchiarico & Stefano Carattini & Carolyn Fischer & Garth Heutel, 2021. "Business Cycles and Environmental Policy: A Primer," NBER Chapters, in: Environmental and Energy Policy and the Economy, volume 3, pages 221-253, National Bureau of Economic Research, Inc.
    55. Tamma A. Carleton & Amir Jina & Michael T. Delgado & Michael Greenstone & Trevor Houser & Solomon M. Hsiang & Andrew Hultgren & Robert E. Kopp & Kelly E. McCusker & Ishan B. Nath & James Rising & Ashw, 2020. "Valuing the Global Mortality Consequences of Climate Change Accounting for Adaptation Costs and Benefits," NBER Working Papers 27599, National Bureau of Economic Research, Inc.
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    57. Galindo, Luis Miguel & Beltrán, Allan & Ferrer, Jimy & Alatorre, José Eduardo, 2017. "Efectos potenciales de un impuesto al carbono sobre el producto interno bruto en los países de América Latina: estimaciones preliminares e hipotéticas a partir de un metaanálisis y una función de tran," Documentos de Proyectos 41867, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    58. Geoffrey Heal, Anthony Millner, 2017. "Uncertainty and ambiguity in environmental economics: conceptual issues," GRI Working Papers 278, Grantham Research Institute on Climate Change and the Environment.
    59. Giglio, Stefano & Ströbel, Johannes & Maggiori, Matteo, 2014. "No-Bubble Condition: Model-Free Tests in Housing Markets," CEPR Discussion Papers 9978, C.E.P.R. Discussion Papers.
    60. Siegmeier, Jan & Mattauch, Linus & Franks, Max & Klenert, David & Schultes, Anselm & Edenhofer, Ottmar, 2015. "A Public Finance Perspective on Climate Policy: Six Interactions That May Enhance Welfare," Climate Change and Sustainable Development 202119, Fondazione Eni Enrico Mattei (FEEM).
    61. Robert S. Pindyck, 2016. "The Social Cost of Carbon Revisited," NBER Working Papers 22807, National Bureau of Economic Research, Inc.
    62. Wiser, Ryan & Bolinger, Mark & Heath, Garvin & Keyser, David & Lantz, Eric & Macknick, Jordan & Mai, Trieu & Millstein, Dev, 2016. "Long-term implications of sustained wind power growth in the United States: Potential benefits and secondary impacts," Applied Energy, Elsevier, vol. 179(C), pages 146-158.
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    69. Anderson, Evan W. & Brock, William & Sanstad, Alan H., 2016. "Robust Consumption and Energy Decisions," 2017 Allied Social Sciences Association (ASSA) Annual Meeting, January 6-8, 2017, Chicago, Illinois 250117, Agricultural and Applied Economics Association.
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    78. Giorgio Fagiolo & Andrea Roventini, 2016. "Macroeconomic Policy in DGSE and Agent-Based Models Redux: New Developments and Challenges Ahead," Sciences Po publications info:hdl:2441/dcditnq6282, Sciences Po.
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    Cited by:

    1. Singh, Jitendra & Ahmad, Wasim & Mishra, Anil, 2019. "Coherence, connectedness and dynamic hedging effectiveness between emerging markets equities and commodity index funds," Resources Policy, Elsevier, vol. 61(C), pages 441-460.
    2. Lopez-Martin, Bernabe & Leal, Julio & Martinez Fritscher, Andre, 2019. "Commodity price risk management and fiscal policy in a sovereign default model," Journal of International Money and Finance, Elsevier, vol. 96(C), pages 304-323.
    3. Yao, Wei & Alexiou, Constantinos, 2022. "Exploring the transmission mechanism of speculative and inventory arbitrage activity to commodity price volatility. Novel evidence for the US economy," International Review of Financial Analysis, Elsevier, vol. 80(C).
    4. Birge, John R. & Hortaçsu, Ali & Mercadal, Ignacia & Pavlin, J. Michael, 2018. "Limits to arbitrage in electricity markets: A case study of MISO," Energy Economics, Elsevier, vol. 75(C), pages 518-533.
    5. Sévi, Benoît, 2015. "Explaining the convenience yield in the WTI crude oil market using realized volatility and jumps," Economic Modelling, Elsevier, vol. 44(C), pages 243-251.
    6. Muhammad Arshad Haral & Mudassar Yasin, 2019. "Determinants of Speculative Demand of Wheat and Its Impact on Consumer Welfare Loss," Journal of Economic Impact, Science Impact Publishers, vol. 1(3), pages 87-91.
    7. Duc Huynh, Toan Luu & Burggraf, Tobias & Nasir, Muhammad Ali, 2020. "Financialisation of natural resources & instability caused by risk transfer in commodity markets," Resources Policy, Elsevier, vol. 66(C).
    8. Sung Je Byun, 2016. "Speculation in Commodity Futures Markets, Inventories and the Price of Crude Oil," Occasional Papers 16-3, Federal Reserve Bank of Dallas.
    9. Prehn, Sören & Glauben, Thomas & Loy, Jens-Peter & Pies, Ingo & Will, Matthias Georg, 2014. "The impact of long-only index funds on price discovery and market performance in agricultural futures markets [Der Einfluss von Long-only-Indexfonds auf die Preisfindung und das Marktergebnis an la," IAMO Discussion Papers 147, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
    10. Maryam Ahmadi & Niaz Bashiri Behmiri & Matteo Manera, 2020. "The theory of storage in the crude oil futures market, the role of financial conditions," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 40(7), pages 1160-1175, July.
    11. Fernandes, Leonardo H.S. & Araújo, Fernando H.A., 2020. "Taxonomy of commodities assets via complexity-entropy causality plane," Chaos, Solitons & Fractals, Elsevier, vol. 137(C).
    12. Paschmann, Martin, 2017. "Economic Analysis of Price Premiums in the Presence of Non-convexities - Evidence from German Electricity Markets," EWI Working Papers 2017-12, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).
    13. Wen, Jun & Zhao, Xin-Xin & Chang, Chun-Ping, 2021. "The impact of extreme events on energy price risk," Energy Economics, Elsevier, vol. 99(C).
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    19. Mohammad Isleimeyyeh, 2020. "The role of financial investors in determining the commodity futures risk premium," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 40(9), pages 1375-1397, September.
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    28. Michael Pedersen, 2015. "The Impact of Commodity Price Shocks in a Major Producing Economy. The Case of Copper and Chile," Working Papers Central Bank of Chile 753, Central Bank of Chile.
    29. Ing-Haw Cheng & Wei Xiong, 2014. "Financialization of Commodity Markets," Annual Review of Financial Economics, Annual Reviews, vol. 6(1), pages 419-441, December.
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    31. Eliasson, Jonas & Proost, Stef, 2015. "Is sustainable transport policy sustainable?," Transport Policy, Elsevier, vol. 37(C), pages 92-100.
    32. Vincent Bodart & François Courtoy & Erica Perego, 2021. "World interest rates and macroeconomic adjustments in developing commodity producing countries," LIDAM Discussion Papers IRES 2021002, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
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    34. Storhas, Dominik P. & De Mello, Lurion & Singh, Abhay Kumar, 2020. "Multiscale lead-lag relationships in oil and refined product return dynamics: A symbolic wavelet transfer entropy approach," Energy Economics, Elsevier, vol. 92(C).
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    36. Christophe Gouel & Nicolas Legrand, 2022. "The Role of Storage in Commodity Markets: Indirect Inference Based on Grains Data," Working Papers 2022-04, CEPII research center.
    37. Holtemöller Oliver, 2013. "Explosive Preisentwicklung und spekulative Blasen auf Rohstoffmärkten / Explosive behavior and speculative bubbles on commodity markets," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 64(1), pages 405-420, January.
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    40. Prehn, Sören & Glauben, Thomas & Loy, Jens-Peter & Pies, Ingo & Will, Matthias Georg, 2013. "Der Einfluss von Long-only-Indexfonds auf die Preisfindung und das Marktergebnis an landwirtschaftlichen Warenterminmärkten [The impact of long-only index funds on the price development and the mar," IAMO Discussion Papers 142, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
    41. Uliha, Gábor, 2016. "Az olajár gyengülő makrogazdasági hatásai. Két versengő elmélet szintézise [Weakening macroeconomic effects of the oil price. A synthesis of two competing theories]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 787-818.
    42. Itay Goldstein & Liyan Yang, 2022. "Commodity Financialization and Information Transmission," Journal of Finance, American Finance Association, vol. 77(5), pages 2613-2667, October.
    43. Basu Kaushik, 2014. "The Art of Currency Manipulation: How Some Profiteer by Deliberately Distorting Exchange Rates," Journal of Globalization and Development, De Gruyter, vol. 4(2), pages 199-211, February.
    44. Chkir, Imed & Guesmi, Khaled & Brayek, Angham Ben & Naoui, Kamel, 2020. "Modelling the nonlinear relationship between oil prices, stock markets, and exchange rates in oil-exporting and oil-importing countries," Research in International Business and Finance, Elsevier, vol. 54(C).
    45. Kaushik Ranjan Bandyopadhyay, 2022. "Oil and Gas Markets and COVID-19: A Critical Rumination on Drivers, Triggers, and Volatility," Energies, MDPI, vol. 15(8), pages 1-21, April.
    46. Gozgor, Giray & Lau, Chi Keung Marco & Bilgin, Mehmet Huseyin, 2016. "Commodity markets volatility transmission: Roles of risk perceptions and uncertainty in financial markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 44(C), pages 35-45.
    47. Dvir, Eyal & Rogoff, Kenneth, 2014. "Demand effects and speculation in oil markets: Theory and evidence," Journal of International Money and Finance, Elsevier, vol. 42(C), pages 113-128.
    48. Awasthi, Kritika & Ahmad, Wasim & Rahman, Abdul & Phani, B.V., 2020. "When US sneezes, clichés spread: How do the commodity index funds react then?," Resources Policy, Elsevier, vol. 69(C).
    49. Valenti, Daniele & Bertoni, Danilo & Cavicchioli, Davide & Olper, Alessandro, 2023. "Understanding the role of supply and demand factors in the global wheat market: a Structural Vector Autoregressive approach," FEEM Working Papers 338780, Fondazione Eni Enrico Mattei (FEEM).
    50. Boateng, Ebenezer & Asafo-Adjei, Emmanuel & Addison, Alex & Quaicoe, Serebour & Yusuf, Mawusi Ayisat & Abeka, Mac Junior & Adam, Anokye M., 2022. "Interconnectedness among commodities, the real sector of Ghana and external shocks," Resources Policy, Elsevier, vol. 75(C).
    51. Baumeister, Christiane & Guérin, Pierre & Kilian, Lutz, 2015. "Do high-frequency financial data help forecast oil prices? The MIDAS touch at work," International Journal of Forecasting, Elsevier, vol. 31(2), pages 238-252.
    52. Don Bredin & Valerio Potì & Enrique Salvador, 2022. "Food Prices, Ethics and Forms of Speculation," Journal of Business Ethics, Springer, vol. 179(2), pages 495-509, August.
    53. Filippo Natoli, 2021. "Financialization Of Commodities Before And After The Great Financial Crisis," Journal of Economic Surveys, Wiley Blackwell, vol. 35(2), pages 488-511, April.
    54. Daniele Valenti, 2018. "Modelling the Global Price of Oil: Is there any Role for the Oil Futures-spot Spread?," Working Papers 2018.06, Fondazione Eni Enrico Mattei.
    55. Mayer, Herbert & Rathgeber, Andreas & Wanner, Markus, 2017. "Financialization of metal markets: Does futures trading influence spot prices and volatility?," Resources Policy, Elsevier, vol. 53(C), pages 300-316.
    56. Awan, Obaid A., 2019. "Price discovery or noise: The role of arbitrage and speculation in explaining crude oil price behaviour," Journal of Commodity Markets, Elsevier, vol. 16(C).
    57. Sun, Zesheng & Wang, Yaoqing & Zhou, Xu & Yang, Lunan, 2019. "The roundabout from interest rates to commodity prices in China: The role of money flow," Resources Policy, Elsevier, vol. 61(C), pages 627-642.
    58. ElFayoumi, Khalid, 2018. "The balance sheet effects of oil market shocks: An industry level analysis," Journal of Banking & Finance, Elsevier, vol. 95(C), pages 112-127.
    59. Omura, Akihiro & Li, Bin & Chung, Richard & Todorova, Neda, 2018. "Convenience yield, realised volatility and jumps: Evidence from non-ferrous metals," Economic Modelling, Elsevier, vol. 70(C), pages 496-510.
    60. Meng, Fanyi & Liu, Li, 2019. "Analyzing the economic sources of oil price volatility: An out-of-sample perspective," Energy, Elsevier, vol. 177(C), pages 476-486.
    61. Daniel Bierbaumer & Malte Rieth & Anton Velinov, 2018. "Nonlinear Intermediary Pricing in the Oil Futures Market," Discussion Papers of DIW Berlin 1722, DIW Berlin, German Institute for Economic Research.
    62. Yanhong Feng & Xiaolei Wang & Shuanglian Chen & Yanqiong Liu, 2022. "Impact of Oil Financialization on Oil Price Fluctuation: A Perspective of Heterogeneity," Energies, MDPI, vol. 15(12), pages 1-20, June.
    63. Samya Beidas-Strom & Mr. Andrea Pescatori, 2014. "Oil Price Volatility and the Role of Speculation," IMF Working Papers 2014/218, International Monetary Fund.
    64. Yannick Le Pen & Benoît Sévi, 2013. "Futures Trading and the Excess Comovement of Commodity Prices," AMSE Working Papers 1301, Aix-Marseille School of Economics, France, revised Jan 2013.
    65. Ederington, Louis H. & Fernando, Chitru S. & Hoelscher, Seth A. & Lee, Thomas K. & Linn, Scott C., 2019. "Characteristics of petroleum product prices: A survey," Journal of Commodity Markets, Elsevier, vol. 14(C), pages 1-15.
    66. Guo, Jiaqi & Long, Shaobo & Luo, Weijie, 2022. "Nonlinear effects of climate policy uncertainty and financial speculation on the global prices of oil and gas," International Review of Financial Analysis, Elsevier, vol. 83(C).
    67. Phillip A. Cartwright & Natalija Riabko, 2016. "Further evidence on the explanatory power of spot food and energy commodities market prices for futures prices," Review of Quantitative Finance and Accounting, Springer, vol. 47(3), pages 579-605, October.
    68. Kolodziej, Marek & Kaufmann, Robert K. & Kulatilaka, Nalin & Bicchetti, David & Maystre, Nicolas, 2014. "Crude oil: Commodity or financial asset?," Energy Economics, Elsevier, vol. 46(C), pages 216-223.
    69. Gambetti, Luca & Moretti, Laura, 2017. "News, Noise and Oil Price Swings," Research Technical Papers 12/RT/17, Central Bank of Ireland.
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    71. Luca Barbaglia & Christophe Croux & Ines Wilms, 2017. "Volatility Spillovers and Heavy Tails: A Large t-Vector AutoRegressive Approach," Papers 1708.02073, arXiv.org.
    72. Yan, Lei & Irwin, Scott H. & Sanders, Dwight R., 2018. "Mapping algorithms, agricultural futures, and the relationship between commodity investment flows and crude oil futures prices," Energy Economics, Elsevier, vol. 72(C), pages 486-504.
    73. Jin, Xin, 2019. "The role of market expectations in commodity price dynamics: Evidence from oil data," Journal of International Money and Finance, Elsevier, vol. 90(C), pages 1-18.
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    Cited by:

    1. van den Bergh, J.C.J.M. & Botzen, W.J.W., 2015. "Monetary valuation of the social cost of CO2 emissions: A critical survey," Ecological Economics, Elsevier, vol. 114(C), pages 33-46.
    2. Simon Dietz & Rick van der Ploeg & Armon Rezai & Frank Venmans, 2020. "Are Economists Getting Climate Dynamics Right and Does It Matter?," CESifo Working Paper Series 8122, CESifo.
    3. Stern, Nicholas, 2018. "Public economics as if time matters: Climate change and the dynamics of policy," Journal of Public Economics, Elsevier, vol. 162(C), pages 4-17.
    4. Philippe Bracke & Ted Pinchbeck & James Wyatt, 2014. "The Time Value of Housing: Historical Evidence from London Residential Leases," SERC Discussion Papers 0168, Centre for Economic Performance, LSE.
    5. Gluzberg, Victor E. & Katz, Yuri A., 2019. "Planetary boundaries of consumption growth: Declining social discount rates," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 521(C), pages 362-374.
    6. Johansson-Stenman, Olof & Sterner, Thomas, 2013. "Discounting and Relative Consumption," Working Papers in Economics 559, University of Gothenburg, Department of Economics.
    7. Richard S.J. Tol, 2018. "The impact of climate change and the social cost of carbon," Working Paper Series 1318, Department of Economics, University of Sussex Business School.
    8. David Anthoff & Richard S. J. Tol, 2021. "Testing the Dismal Theorem," CESifo Working Paper Series 8939, CESifo.
    9. Yang, Shuai & Yuan, Jun & Nian, Victor & Li, Lu & Li, Hailong, 2022. "Economics of marinised offshore charging stations for electrifying the maritime sector," Applied Energy, Elsevier, vol. 322(C).
    10. Mark C. Freeman & Gernot Wagner & Richard J. Zeckhauser, 2015. "Climate Sensitivity Uncertainty: When is Good News Bad?," NBER Working Papers 20900, National Bureau of Economic Research, Inc.
    11. Moritz A. Drupp & Frikk Nesje & Robert C. Schmidt, 2022. "Pricing Carbon," CESifo Working Paper Series 9608, CESifo.
    12. Rick Van der Ploeg & Armon Rezai, 2018. "Simple Rules For Climate Policy And Integrated Assessment," OxCarre Working Papers 213, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    13. Eric Fesselmeyer & Haoming Liu & Alberto Salvo, 2022. "Declining discount rates in Singapore's market for privately developed apartments," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 330-350, March.
    14. Kent D. Daniel & Robert B. Litterman & Gernot Wagner, 2016. "Applying Asset Pricing Theory to Calibrate the Price of Climate Risk," NBER Working Papers 22795, National Bureau of Economic Research, Inc.
    15. Hallberg-Sramek, Isabella & Nordström, Eva-Maria & Priebe, Janina & Reimerson, Elsa & Mårald, Erland & Nordin, Annika, 2023. "Combining scientific and local knowledge improves evaluating future scenarios of forest ecosystem services," Ecosystem Services, Elsevier, vol. 60(C).
    16. Sascha Kollenberg & Luca Taschini, 2016. "Emissions trading systems with cap adjustments," GRI Working Papers 195, Grantham Research Institute on Climate Change and the Environment.
    17. Tas Thamo & David J. Pannell & Marit E. Kragt & Michael J. Robertson & Maksym Polyakov, 2017. "Dynamics and the economics of carbon sequestration: common oversights and their implications," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 22(7), pages 1095-1111, October.
    18. West, Grant H. & Snell, Heather & Kovacs, Kent & Nayga, Rodolfo M., 2020. "Estimation of the preferences for the intertemporal services from groundwater," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304220, Agricultural and Applied Economics Association.
    19. Wiser, Ryan & Bolinger, Mark & Heath, Garvin & Keyser, David & Lantz, Eric & Macknick, Jordan & Mai, Trieu & Millstein, Dev, 2016. "Long-term implications of sustained wind power growth in the United States: Potential benefits and secondary impacts," Applied Energy, Elsevier, vol. 179(C), pages 146-158.
    20. Nesje, Frikk, 2020. "Cross-dynastic Intergenerational Altruism," Working Papers 0678, University of Heidelberg, Department of Economics.
    21. Drupp, Moritz A. & Hänsel, Martin C., 2018. "Relative prices and climate policy: How the scarcity of non-market goods drives policy evaluation," Economics Working Papers 2018-01, Christian-Albrechts-University of Kiel, Department of Economics.
    22. Mark C. Freeman & Ben Groom & Ekaterini Panopoulou & Theologos Pantelidis, 2013. "Declining discount rates and the Fisher Effect: Inflated past, discounted future?," GRI Working Papers 109, Grantham Research Institute on Climate Change and the Environment.
    23. Cuppari, Rosa I. & Higgins, Chad W. & Characklis, Gregory W., 2021. "Agrivoltaics and weather risk: A diversification strategy for landowners," Applied Energy, Elsevier, vol. 291(C).
    24. Marion Dupoux, 2019. "The land use change time-accounting failure," Post-Print hal-02409626, HAL.
    25. Yang, Xi & Teng, Fei & Xi, Xiaoqian & Khayrullin, Egor & Zhang, Qi, 2018. "Cost–benefit analysis of China’s Intended Nationally Determined Contributions based on carbon marginal cost curves," Applied Energy, Elsevier, vol. 227(C), pages 415-425.
    26. Koundouri, Phoebe & Roseta-Palma, Catarina & Englezos, Nikolaos, 2017. "Out of Sight, Not Out of Mind: Developments in Economic Models of Groundwater Management," International Review of Environmental and Resource Economics, now publishers, vol. 11(1), pages 55-96, October.
    27. Christian Gollier, 2021. "The Welfare Cost of Ignoring the Beta," Working Papers 2021.03, Fondazione Eni Enrico Mattei.
    28. Maryam Al-Jabir & Rima J. Isaifan, 2024. "Long-Term Projection of Transport-Related Social Cost of Greenhouse Gas Emissions in Qatar," Sustainability, MDPI, vol. 16(2), pages 1-16, January.
    29. Groom, Ben & Maddison, David, 2018. "New estimates of the elasticity of marginal utility for the UK," LSE Research Online Documents on Economics 87526, London School of Economics and Political Science, LSE Library.
    30. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled: an expert survey on the determinants of the long-term social discount rate," GRI Working Papers 196a, Grantham Research Institute on Climate Change and the Environment.
    31. Gollier, Christian, 2016. "Gamma discounters are short-termist," Journal of Public Economics, Elsevier, vol. 142(C), pages 83-90.
    32. Jon Sampedro & Stephanie Waldhoff & Marcus Sarofim & Rita Dingenen, 2023. "Marginal Damage of Methane Emissions: Ozone Impacts on Agriculture," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(4), pages 1095-1126, April.
    33. Millner, Antony & Heal, Geoffrey, 2018. "Discounting by committee," Journal of Public Economics, Elsevier, vol. 167(C), pages 91-104.
    34. Zanchi, Giuliana & Brady, Mark V., 2019. "Evaluating the contribution of forest ecosystem services to societal welfare through linking dynamic ecosystem modelling with economic valuation," Ecosystem Services, Elsevier, vol. 39(C).
    35. Richard S.J. Tol, 2019. "A social cost of carbon for (almost) every country," Working Paper Series 0219, Department of Economics, University of Sussex Business School.
    36. Hänsel, Martin C. & Quaas, Martin F., 2018. "Intertemporal Distribution, Suffciency, and the Social Cost of Carbon," Open Access Publications from Kiel Institute for the World Economy 233103, Kiel Institute for the World Economy (IfW Kiel).
    37. Weyant John, 2014. "Integrated assessment of climate change: state of the literature," Journal of Benefit-Cost Analysis, De Gruyter, vol. 5(3), pages 377-409, December.
    38. Dale Whittington & Richard T. Carson & Thomas Sterner, 2023. "Policy Note: Benefit Cost Analysis of Water Investments in the Anthropocene," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 1-23, July.
    39. David Rodziewicz & Christopher J. Amante & Jacob Dice & Eugene Wahl, 2022. "Housing market impairment from future sea-level rise inundation," Environment Systems and Decisions, Springer, vol. 42(4), pages 637-656, December.
    40. Freeman, Mark C. & Groom, Ben, 2016. "How certain are we about the certainty-equivalent longterm social discount rate?," LSE Research Online Documents on Economics 67258, London School of Economics and Political Science, LSE Library.
    41. Maya Eden, 2023. "The Cross‐Sectional Implications of the Social Discount Rate," Econometrica, Econometric Society, vol. 91(6), pages 2065-2088, November.
    42. Nicholas Stern, 2013. "Ethics, equity and the economics of climate change. Paper 2: Economics and Politics," GRI Working Papers 84b, Grantham Research Institute on Climate Change and the Environment.
    43. Ran Sun & Mariella Mendoza Marmanilo & Suren Kulshreshtha, 2023. "Co-benefits of climate change mitigation from innovative agricultural water management: a case study of corn agroecosystem in eastern Canada," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 28(8), pages 1-20, December.
    44. de Oliveira, Angela C.M. & Jacobson, Sarah, 2021. "(Im)patience by proxy: Making intertemporal decisions for others," Journal of Economic Behavior & Organization, Elsevier, vol. 182(C), pages 83-99.
    45. Auke Hoekstra & Maarten Steinbuch & Geert Verbong, 2017. "Creating Agent-Based Energy Transition Management Models That Can Uncover Profitable Pathways to Climate Change Mitigation," Complexity, Hindawi, vol. 2017, pages 1-23, December.
    46. Nian, Victor & Mignacca, Benito & Locatelli, Giorgio, 2022. "Policies toward net-zero: Benchmarking the economic competitiveness of nuclear against wind and solar energy," Applied Energy, Elsevier, vol. 320(C).
    47. Howard, Peter H. & Derek, Sylvan, 2016. "The Wisdom of the Economic Crowd: Calibrating Integrated Assessment Models Using Consensus," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235639, Agricultural and Applied Economics Association.
    48. Freeman, Mark C. & Groom, Ben, 2015. "Positively gamma discounting: combining the opinions of experts on the social discount rate," LSE Research Online Documents on Economics 57158, London School of Economics and Political Science, LSE Library.
    49. Roger Cooke & Alexander Golub & Bruce A. Wielicki & David F. Young & Martin G. Mlynczak & Rosemary R. Baize, 2017. "Using the social cost of carbon to value earth observing systems," Climate Policy, Taylor & Francis Journals, vol. 17(3), pages 330-345, April.
    50. J. Doyne Farmer & John Geanakoplos & Jaume Masoliver & Miquel Montero & Josep Perello, 2014. "Discounting the Distant Future," Cowles Foundation Discussion Papers 1951, Cowles Foundation for Research in Economics, Yale University.
    51. Luo, Lanlan & Zou, Ziran & Chen, Shou, 2021. "Discounting for public-private partnership projects in China," Economic Modelling, Elsevier, vol. 98(C), pages 218-226.
    52. Serban Raicu & Mihaela Popa & Dorinela Costescu, 2022. "Uncertainties Influencing Transportation System Performances," Sustainability, MDPI, vol. 14(13), pages 1-15, June.
    53. García, Jorge H. & Torvanger, Asbjørn, 2019. "Carbon leakage from geological storage sites: Implications for carbon trading," Energy Policy, Elsevier, vol. 127(C), pages 320-329.
    54. Wang, Xiaoxi & Biewald, Anne & Dietrich, Jan Philipp & Schmitz, Christoph & Lotze-Campen, Hermann & Humpenöder, Florian & Bodirsky, Benjamin Leon & Popp, Alexander, 2016. "Taking account of governance: Implications for land-use dynamics, food prices, and trade patterns," Ecological Economics, Elsevier, vol. 122(C), pages 12-24.
    55. Rafał Buła & Monika Foltyn-Zarychta, 2022. "Declining Discount Rates for Energy Policy Investments in CEE EU Member Countries," Energies, MDPI, vol. 16(1), pages 1-27, December.
    56. Jaume Masoliver & Miquel Montero & Josep Perelló, 2021. "Jump-Diffusion Models for Valuing the Future: Discounting under Extreme Situations," Mathematics, MDPI, vol. 9(14), pages 1-26, July.
    57. Alexey Komzolov & Tatiana Kirichenko & Olga Kirichenko & Yulia Nazarova & Natalya Shcherbakova, 2021. "The Problem of Determining Discount Rate for Integrated Investment Projects in the Oil and Gas Industry," Mathematics, MDPI, vol. 9(24), pages 1-13, December.
    58. Vale, Petterson Molina, 2016. "The changing climate of climate change economics," Ecological Economics, Elsevier, vol. 121(C), pages 12-19.
    59. Alex L. Marten & Elizabeth A. Kopits & Charles W. Griffiths & Stephen C. Newbold & Ann Wolverton, 2015. "Incremental CH 4 and N 2 O mitigation benefits consistent with the US Government's SC-CO 2 estimates," Climate Policy, Taylor & Francis Journals, vol. 15(2), pages 272-298, March.
    60. Anthony Bonen & Willi Semmler & Stephan Klasen, 2014. "Economic Damages from Climate Change: A Review of Modeling Approaches," SCEPA working paper series. 2014-3, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    61. Marion Dupoux, 2016. "The land use change time-accounting failure," Policy Papers 2016.07, FAERE - French Association of Environmental and Resource Economists.
    62. Jones, Kelly W. & Gannon, Benjamin & Timberlake, Thomas & Chamberlain, James L. & Wolk, Brett, 2022. "Societal benefits from wildfire mitigation activities through payments for watershed services: Insights from Colorado," Forest Policy and Economics, Elsevier, vol. 135(C).
    63. Tom Huppertz & Bo P. Weidema & Simon Standaert & Bernard De Caevel & Elisabeth van Overbeke, 2019. "The Social Cost of Sub-Soil Resource Use," Resources, MDPI, vol. 8(1), pages 1-17, January.
    64. Wolfgang Buchholz, 2014. "Discounting in an Uncertain World - Disentangling the Debate on the Weitzman-Gollier Puzzle," CESifo Working Paper Series 4967, CESifo.
    65. Ando, Amy W. & Shah, Payal, 2016. "The Economics of Conservation and Finance: A Review of the Literature," International Review of Environmental and Resource Economics, now publishers, vol. 8(3-4), pages 321-357, June.
    66. John Weyant, 2017. "Some Contributions of Integrated Assessment Models of Global Climate Change," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 11(1), pages 115-137.
    67. Christian Azar & Jorge García Martín & Daniel JA. Johansson & Thomas Sterner, 2023. "The social cost of methane," Climatic Change, Springer, vol. 176(6), pages 1-22, June.
    68. Ray, Manojit & Chakraborty, Basab, 2021. "Impact of demand response on escalating energy access with affordable solar photovoltaic generation in the Global South," Renewable and Sustainable Energy Reviews, Elsevier, vol. 143(C).
    69. Mark C. Freeman & Ben Groom, 2013. "How certain are we about the certainty-equivalent long term social discount rate?," GRI Working Papers 138, Grantham Research Institute on Climate Change and the Environment.
    70. Gabriella Maselli & Antonio Nesticò, 2021. "The Role of Discounting in Energy Policy Investments," Energies, MDPI, vol. 14(19), pages 1-18, September.
    71. Katz, Yuri A., 2017. "Value of the distant future: Model-independent results," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 466(C), pages 269-276.
    72. Christopher J. Amante & Jacob Dice & David Rodziewicz & Eugene Wahl, 2020. "Housing Market Value Impairment from Future Sea-level Rise Inundation," Research Working Paper RWP 20-05, Federal Reserve Bank of Kansas City.
    73. Davidson, Marc D., 2014. "Zero discounting can compensate future generations for climate damage," Ecological Economics, Elsevier, vol. 105(C), pages 40-47.
    74. Brazee, Richard J., 2018. "Impacts of declining discount rates on optimal harvest age and land expectation values," Journal of Forest Economics, Elsevier, vol. 31(C), pages 27-38.
    75. Stern, Nicholas, 2014. "Ethics, equity and the economics of climate change paper 2: economics and politics," LSE Research Online Documents on Economics 62704, London School of Economics and Political Science, LSE Library.
    76. Epanchin-Niell, Rebecca S. & Liebhold, Andrew M., 2015. "Benefits of invasion prevention: Effect of time lags, spread rates, and damage persistence," Ecological Economics, Elsevier, vol. 116(C), pages 146-153.
    77. Geoffrey Heal, 2017. "The Economics of the Climate," Journal of Economic Literature, American Economic Association, vol. 55(3), pages 1046-1063, September.
    78. Millner, Antony & Healey, Andrew, 2018. "Discounting by committee," LSE Research Online Documents on Economics 90246, London School of Economics and Political Science, LSE Library.
    79. Claxton, Karl & Asaria, Miqdad & Chansa, Collins & Jamison, Julian & Lomas, James & Ochalek, Jessica & Paulden, Mike, 2019. "Accounting for timing when assessing health-related policies," LSE Research Online Documents on Economics 100408, London School of Economics and Political Science, LSE Library.
    80. Mardones, Cristian & Cabello, Martin, 2019. "Effectiveness of local air pollution and GHG taxes: The case of Chilean industrial sources," Energy Economics, Elsevier, vol. 83(C), pages 491-500.
    81. Annemiek K. Admiraal & Andries F. Hof & Michel G. J. Elzen & Detlef P. Vuuren, 2016. "Costs and benefits of differences in the timing of greenhouse gas emission reductions," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 21(8), pages 1165-1179, December.
    82. Samuel Jovan Okullo, 2020. "Determining the Social Cost of Carbon: Under Damage and Climate Sensitivity Uncertainty," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(1), pages 79-103, January.
    83. Barbose, Galen & Wiser, Ryan & Heeter, Jenny & Mai, Trieu & Bird, Lori & Bolinger, Mark & Carpenter, Alberta & Heath, Garvin & Keyser, David & Macknick, Jordan & Mills, Andrew & Millstein, Dev, 2016. "A retrospective analysis of benefits and impacts of U.S. renewable portfolio standards," Energy Policy, Elsevier, vol. 96(C), pages 645-660.
    84. Hurford, A.P. & Harou, J.J. & Bonzanigo, L. & Ray, P.A. & Karki, P. & Bharati, L. & Chinnasamy, P., 2020. "Efficient and robust hydropower system design under uncertainty - A demonstration in Nepal," Renewable and Sustainable Energy Reviews, Elsevier, vol. 132(C).
    85. Christensen, Peter & Gillingham, Kenneth & Nordhaus, William, 2016. "Uncertainty in Forecasts of Long-Run Productivity Growth," Conference papers 332787, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    86. Knoke, Thomas & Paul, Carola & Härtl, Fabian, 2017. "A critical view on benefit-cost analyses of silvicultural management options with declining discount rates," Forest Policy and Economics, Elsevier, vol. 83(C), pages 58-69.
    87. Antony Millner & Geoffrey Heal, 2015. "Collective intertemporal choice: time consistency vs. time invariance," GRI Working Papers 220, Grantham Research Institute on Climate Change and the Environment.
    88. Son, In Woo & Jeong, Yongju & Son, Seongmin & Park, Jung Hwan & Lee, Jeong Ik, 2022. "Techno-economic evaluation of solar-nuclear hybrid system for isolated grid," Applied Energy, Elsevier, vol. 306(PA).
    89. Fesselmeyer, Eric & Liu, Haoming & Salvo, Alberto, 2016. "How Do Households Discount over Centuries? Evidence from Singapore's Private Housing Market," IZA Discussion Papers 9862, Institute of Labor Economics (IZA).
    90. Stephen J. DeCanio & Charles F. Manski & Alan H. Sanstad, 2022. "Minimax-Regret Climate Policy with Deep Uncertainty in Climate Modeling and Intergenerational Discounting," NBER Working Papers 29716, National Bureau of Economic Research, Inc.
    91. Radoslaw (Radek) Stefanski & Alex Trew, 2020. "Patience Breeds Interest: The Rise of Societal Patience and the Fall of the Risk-free Interest Rate," Working Papers 2020-03, Business School - Economics, University of Glasgow.
    92. Penyalver, Domingo & Turró, Mateu & Zavala-Rojas, Diana, 2018. "Intergenerational perception of the utility of major transport projects," Research in Transportation Economics, Elsevier, vol. 70(C), pages 97-111.
    93. Li, Yanjie & Nian, Victor & Li, Hailong & Liu, Shengchun & Wang, Yabo, 2021. "A life cycle analysis techno-economic assessment framework for evaluating future technology pathways – The residential air-conditioning example," Applied Energy, Elsevier, vol. 291(C).
    94. Ralph Chapman & Nicholas Preval & Philippa Howden-Chapman, 2017. "How Economic Analysis Can Contribute to Understanding the Links between Housing and Health," IJERPH, MDPI, vol. 14(9), pages 1-12, August.
    95. Patteeuw, Dieter & Reynders, Glenn & Bruninx, Kenneth & Protopapadaki, Christina & Delarue, Erik & D’haeseleer, William & Saelens, Dirk & Helsen, Lieve, 2015. "CO2-abatement cost of residential heat pumps with active demand response: demand- and supply-side effects," Applied Energy, Elsevier, vol. 156(C), pages 490-501.
    96. Frikk Nesje & Moritz A. Drupp & Mark C. Freeman & Ben Groom, 2022. "Philosophers and Economists Can Agree on the Intergenerational Discount Rate and Climate Policy Paths," CESifo Working Paper Series 9930, CESifo.
    97. Andrew K. Kamenju & Dr. T. Olweny, 2021. "The Nexus Between Internal Investment and Economic Growth in Kenya," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 11(2), pages 1-2.
    98. Eory, Vera, 2015. "Evaluating the use of marginal abatement cost curves applied to greenhouse gas abatement in agriculture," Working Papers 199777, Scotland's Rural College (formerly Scottish Agricultural College), Land Economy & Environment Research Group.

  15. Arrow, Kenneth J. & Cropper, Maureen L. & Gollier, Christian & Groom, Ben & Heal, Geoffrey M. & Newell, Richard G. & Nordhaus, William D. & Pindyck, Robert S. & Pizer, William A. & Portney, Paul R. & , 2012. "How Should Benefits and Costs Be Discounted in an Intergenerational Context? The Views of an Expert Panel," RFF Working Paper Series dp-12-53, Resources for the Future.

    Cited by:

    1. Eric Fesselmeyer & Haoming Liu & Alberto Salvo, 2022. "Declining discount rates in Singapore's market for privately developed apartments," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 330-350, March.
    2. Sascha Kollenberg & Luca Taschini, 2016. "Emissions trading systems with cap adjustments," GRI Working Papers 195, Grantham Research Institute on Climate Change and the Environment.
    3. William Brock & Anastasios Xepapadeas, 2015. "Modeling Coupled Climate, Ecosystems, and Economic Systems," DEOS Working Papers 1508, Athens University of Economics and Business.
    4. Kersting, Jan & Duscha, Vicki & Weitzel, Matthias, 2017. "Cooperation on climate change under economic linkages: How the inclusion of macroeconomic effects affects stability of a global climate coalition," Open Access Publications from Kiel Institute for the World Economy 226353, Kiel Institute for the World Economy (IfW Kiel).
    5. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled: an expert survey on the determinants of the long-term social discount rate," GRI Working Papers 196a, Grantham Research Institute on Climate Change and the Environment.
    6. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled," GRI Working Papers 172, Grantham Research Institute on Climate Change and the Environment.
    7. Barrage, Lint, 2018. "Be careful what you calibrate for: Social discounting in general equilibrium," Journal of Public Economics, Elsevier, vol. 160(C), pages 33-49.
    8. Cees Withagen, 2019. "The Social Cost of Carbon and the Ramsey Rule," Working Papers 2019.16, FAERE - French Association of Environmental and Resource Economists.
    9. Moore, Mark A. & Boardman, Anthony E. & Vining, Aidan R., 2013. "More appropriate discounting: the rate of social time preference and the value of the social discount rate," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 4(1), pages 1-16, March.
    10. Bernard Lapeyre & Emile Quinet, 2017. "A Simple GDP-based Model for Public Investments at Risk," Post-Print hal-01666574, HAL.
    11. Tom Huppertz & Bo P. Weidema & Simon Standaert & Bernard De Caevel & Elisabeth van Overbeke, 2019. "The Social Cost of Sub-Soil Resource Use," Resources, MDPI, vol. 8(1), pages 1-17, January.
    12. Mark C. Freeman & Ben Groom, 2013. "How certain are we about the certainty-equivalent long term social discount rate?," GRI Working Papers 138, Grantham Research Institute on Climate Change and the Environment.
    13. Rautiainen, Aapo & Lintunen, Jussi, 2017. "Social Cost of Forcing: A Basis for Pricing All Forcing Agents," Ecological Economics, Elsevier, vol. 133(C), pages 42-51.
    14. Lugovoy, O. & Polbin, A., 2016. "On Intergenerational Distribution of the Burden of Greenhouse Gas Emissions," Journal of the New Economic Association, New Economic Association, vol. 31(3), pages 12-39.
    15. Knoke, Thomas & Paul, Carola & Härtl, Fabian, 2017. "A critical view on benefit-cost analyses of silvicultural management options with declining discount rates," Forest Policy and Economics, Elsevier, vol. 83(C), pages 58-69.
    16. Fesselmeyer, Eric & Liu, Haoming & Salvo, Alberto, 2016. "How Do Households Discount over Centuries? Evidence from Singapore's Private Housing Market," IZA Discussion Papers 9862, Institute of Labor Economics (IZA).
    17. Eli P. Fenichel & Matthew J. Kotchen & Ethan T. Addicott, 2017. "Even the Representative Agent Must Die: Using Demographics to Inform Long-Term Social Discount Rates," NBER Working Papers 23591, National Bureau of Economic Research, Inc.
    18. Warren, Liz & Seal, Will, 2018. "Using investment appraisal models in strategic negotiation: The cultural political economy of electricity generation," Accounting, Organizations and Society, Elsevier, vol. 70(C), pages 16-32.
    19. Cees Withagen, 2022. "On Simple Rules for the Social Cost of Carbon," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(2), pages 461-481, June.
    20. Bernard Lapeyre & Emile Quinet, 2017. "A Simple GDP-based Model for Public Investments at Risk," PSE-Ecole d'économie de Paris (Postprint) hal-01666574, HAL.

  16. Robert S. Pindyck, 2012. "The Climate Policy Dilemma," NBER Working Papers 18205, National Bureau of Economic Research, Inc.

    Cited by:

    1. Rick Van der Ploeg & Aart de Zeeuw, 2018. "Pricing Carbon and Adjusting Capital to Fend off Climate Catastrophes," OxCarre Working Papers 207, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    2. Mark C. Freeman & Gernot Wagner & Richard J. Zeckhauser, 2015. "Climate Sensitivity Uncertainty: When is Good News Bad?," NBER Working Papers 20900, National Bureau of Economic Research, Inc.
    3. Kent D. Daniel & Robert B. Litterman & Gernot Wagner, 2016. "Applying Asset Pricing Theory to Calibrate the Price of Climate Risk," NBER Working Papers 22795, National Bureau of Economic Research, Inc.
    4. Claudia Kettner-Marx & Daniela Kletzan-Slamanig, 2018. "Carbon Taxes from an Economic Perspective," WIFO Working Papers 554, WIFO.
    5. Bret Sikkink, 2019. "Socratic Seminars in the Economics Classroom," Journal of Economics Teaching, Journal of Economics Teaching, vol. 4(2), pages 76-92, December.
    6. Sascha Kollenberg & Luca Taschini, 2016. "Emissions trading systems with cap adjustments," GRI Working Papers 195, Grantham Research Institute on Climate Change and the Environment.
    7. Sergio L. Franklin, Jr. & Robert S. Pindyck, 2017. "Tropical Forests, Tipping Points, and the Social Cost of Deforestation," NBER Working Papers 23272, National Bureau of Economic Research, Inc.
    8. Wagner, Gernot & Zeckhauser, Richard J., 2016. "Confronting Deep and Persistent Climate Uncertainty," Working Paper Series 16-025, Harvard University, John F. Kennedy School of Government.
    9. Sussman Fran & Weaver Christopher P. & Grambsch Anne, 2014. "Challenges in applying the paradigm of welfare economics to climate change," Journal of Benefit-Cost Analysis, De Gruyter, vol. 5(3), pages 347-376, December.
    10. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled: an expert survey on the determinants of the long-term social discount rate," GRI Working Papers 196a, Grantham Research Institute on Climate Change and the Environment.
    11. Corradini, Massimiliano & Costantini, Valeria & Markandya, Anil & Paglialunga, Elena & Sforna, Giorgia, 2018. "A dynamic assessment of instrument interaction and timing alternatives in the EU low-carbon policy mix design," Energy Policy, Elsevier, vol. 120(C), pages 73-84.
    12. Loïc Berger & Johannes Emmerling & Massimo Tavoni, 2017. "Managing Catastrophic Climate Risks Under Model Uncertainty Aversion," Post-Print hal-01744501, HAL.
    13. van der Ploeg, Frederick, 2014. "Abrupt positive feedback and the social cost of carbon," European Economic Review, Elsevier, vol. 67(C), pages 28-41.
    14. Freeman, Mark C. & Groom, Ben & Zeckhauser, Richard, 2015. "Better Predictions, Better Allocations: Scientific Advances and Adaptation to Climate Change," Working Paper Series 15-051, Harvard University, John F. Kennedy School of Government.
    15. Lucas Bretschger & Alexandra Vinogradova, 2014. "Growth and Mitigation Policies with Uncertain Climate Damage," CESifo Working Paper Series 5085, CESifo.
    16. Rick Van der Ploeg & Aart de Zeeuw, 2014. "Non-Cooperative and Cooperative Responses to Climate Catastrophes in the Global Economy: A North-South Perspective," OxCarre Working Papers 149, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    17. Nicolas Taconet & Céline Guivarch & Antonin Pottier, 2019. "Social Cost of Carbon under stochastic tipping points: when does risk play a role?," Working Papers hal-02408904, HAL.
    18. Toman Michael, 2014. "The need for multiple types of information to inform climate change assessment," Journal of Benefit-Cost Analysis, De Gruyter, vol. 5(3), pages 469-485, December.
    19. Massimiliano Corradini & Valeria Costantini & Anil Markandya & Elena Paglialunga & Giorgia Sforna, 2018. "Some reflections on policy mix in the EU low-carbon strategy," Departmental Working Papers of Economics - University 'Roma Tre' 0236, Department of Economics - University Roma Tre.
    20. Jan Goebel & Christian Krekel & Tim Tiefenbach & Nicholas R. Ziebarth, 2014. "Natural Disaster, Environmental Concerns, Well-Being and Policy Action," CINCH Working Paper Series 1405, Universitaet Duisburg-Essen, Competent in Competition and Health.
    21. Peter von zur Muehlen, 2022. "Prices and Taxes in a Ramsey Climate Policy Model under Heterogeneous Beliefs and Ambiguity," Economies, MDPI, vol. 10(10), pages 1-56, October.
    22. Nicholas Apergis & Konstantinos Gavriilidis & Rangan Gupta, 2023. "Does climate policy uncertainty affect tourism demand? Evidence from time-varying causality tests," Tourism Economics, , vol. 29(6), pages 1484-1498, September.
    23. Schreyer, Felix & Held, Hermann, 2020. "How to formulate climate targets under uncertainty and anticipated future learning about climate sensitivity? – An axiomatic review of the strong sustainability paradigm," WiSo-HH Working Paper Series 54, University of Hamburg, Faculty of Business, Economics and Social Sciences, WISO Research Laboratory.
    24. Frederick van der Ploeg & Aart de Zeeuw, 2013. "Climate Policy and Catastrophic Change: Be Prepared and Avert Risk," CEEES Paper Series CE3S-02/13, European University at St. Petersburg, Department of Economics.
    25. Rick Van der Ploeg & Aart de Zeeuw, 2013. "Climate Tipping And Economic Growth: Precautionary Capital And The Price Of Carbon," OxCarre Working Papers 118, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    26. Elizabeth Kopits & Alex L. Marten & Ann Wolverton, 2013. "Moving Forward with Incorporating "Catastrophic" Climate Change into Policy Analysis," NCEE Working Paper Series 201301, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Jan 2013.
    27. Thomas F. Coleman & Nicole S. Dumont & Wanqi Li & Wenbin Liu & Alexey Rubtsov, 2022. "Optimal Pricing of Climate Risk," Computational Economics, Springer;Society for Computational Economics, vol. 60(3), pages 1101-1134, October.
    28. Tobon Orozco, David & Molina Guerra, Carlos & Vargas Cano, John Harvey, 2016. "Extent of Expected Pigouvian Taxes and Permits for Environmental Services in a General Equilibrium Model with a natural capital constraint," Borradores Departamento de Economía 15258, Universidad de Antioquia, CIE.
    29. Comerford, David, 2013. "A balance of questions: what can we ask of climate change economics?," SIRE Discussion Papers 2013-12, Scottish Institute for Research in Economics (SIRE).
    30. Nocera, Silvio & Tonin, Stefania & Cavallaro, Federico, 2015. "The economic impact of greenhouse gas abatement through a meta-analysis: Valuation, consequences and implications in terms of transport policy," Transport Policy, Elsevier, vol. 37(C), pages 31-43.
    31. Lucas Bretschger & Alexandra Vinogradova, 2014. "Going beyond tradition:Growth and Mitigation Policies with Uncertain Climate Damage," CER-ETH Economics working paper series 14/202, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    32. Lucas Betschger & Alexandra Vinogradova, 2014. "Growth and Mitigation Policies with Uncertain Climate Change," OxCarre Working Papers 145, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    33. Loic Berger & Massimo Marinacci, 2017. "Model Uncertainty in Climate Change Economics," Working Papers 616, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    34. van der Ploeg, Frederick & De Zeeuw, Aart, 2014. "Climate Tipping and Economic Growth: Precautionary Saving and the Social Cost of Carbon," CEPR Discussion Papers 9982, C.E.P.R. Discussion Papers.

  17. Robert S. Pindyck, 2010. "Modeling the Impact of Warming in Climate Change Economics," Working Papers 1001, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.

    Cited by:

    1. Melissa Dell & Benjamin F. Jones & Benjamin A. Olken, 2014. "What Do We Learn from the Weather? The New Climate-Economy Literature," Journal of Economic Literature, American Economic Association, vol. 52(3), pages 740-798, September.
    2. Robert S. Pindyck, 2016. "The Social Cost of Carbon Revisited," NBER Working Papers 22807, National Bureau of Economic Research, Inc.
    3. Hambel, Christoph & Kraft, Holger & Schwartz, Eduardo, 2021. "Optimal carbon abatement in a stochastic equilibrium model with climate change," European Economic Review, Elsevier, vol. 132(C).
    4. Colacito, Riccardo & Hoffmann, Bridget & Phan, Toan, 2016. "Temperature and Growth: A Panel Analysis of the United States," IDB Publications (Working Papers) 7654, Inter-American Development Bank.
    5. Christoph Hambel & Holger Kraft & Eduardo Schwartz, 2015. "Optimal Carbon Abatement in a Stochastic Equilibrium Model with Climate Change," NBER Working Papers 21044, National Bureau of Economic Research, Inc.
    6. Pindyck, Robert S., 2012. "Uncertain outcomes and climate change policy," Journal of Environmental Economics and Management, Elsevier, vol. 63(3), pages 289-303.
    7. Hambel, Christoph & Kraft, Holger & Schwartz, Eduardo S., 2019. "Optimal carbon abatement in a stochastic equilibrium model with climate change," SAFE Working Paper Series 92, Leibniz Institute for Financial Research SAFE, revised 2019.
    8. Robert S. Pindyck, 2010. "Fat Tails, Thin Tails, and Climate Change Policy," NBER Working Papers 16353, National Bureau of Economic Research, Inc.
    9. Gary D. Libecap, 2010. "Institutional Path Dependence in Climate Adaptation: Coman's "Some Unsettled Problems of Irrigation"," NBER Working Papers 16324, National Bureau of Economic Research, Inc.
    10. Rajnish Mehra, 2013. "Asset Pricing Implications of Macroeconomic Interventions An Application to Climate Policy," NBER Working Papers 19146, National Bureau of Economic Research, Inc.
    11. Robert S. Pindyck, 2015. "The Use and Misuse of Models for Climate Policy," NBER Working Papers 21097, National Bureau of Economic Research, Inc.
    12. Jules Sadefo-Kamdem & David Akame, 2020. "Willingness To Pay Of An Expo-Power Utility Decision Maker To Limit Climate Change," Working Papers hal-02465195, HAL.
    13. Yu-Fu Chen & Michael Funke & Nicole Glanemann, 2011. "Dark Clouds or Silver Linings? Knightian Uncertainty and Climate Change," CESifo Working Paper Series 3516, CESifo.
    14. Nicolas Péridy & Mohamed Hazem & Marc Brunetto, 2013. "Some new insights into real convergence in MENA countries’ regional areas: a spatial econometric analysis," Economics and Business Letters, Oviedo University Press, vol. 2(4), pages 150-160.
    15. Thomas F. Coleman & Nicole S. Dumont & Wanqi Li & Wenbin Liu & Alexey Rubtsov, 2022. "Optimal Pricing of Climate Risk," Computational Economics, Springer;Society for Computational Economics, vol. 60(3), pages 1101-1134, October.
    16. Gary D. Libecap, 2011. "Institutional Path Dependence in Climate Adaptation: Coman's "Some Unsettled Problems of Irrigation"," American Economic Review, American Economic Association, vol. 101(1), pages 64-80, February.
    17. Prasenjit Banerjee & Jason F. Shogren, 2013. "Climate Change: Risk, Reputation, and Mechanism Design," Economics Discussion Paper Series 1303, Economics, The University of Manchester.
    18. Traeger, Christian P., 2012. "Why uncertainty matters - discounting under intertemporal risk aversion and ambiguity," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt2w614303, Department of Agricultural & Resource Economics, UC Berkeley.
    19. Esteban Lopez-Arboleda & Alfonso T. Sarmiento & Laura M. Cardenas, 2021. "Systemic approach for integration of sustainability in evaluation of public policies for adoption of electric vehicles," Systemic Practice and Action Research, Springer, vol. 34(4), pages 399-417, August.
    20. Gary D. Libecap, 2010. "Institutional Path Dependence in Climate Adaptation: Coman’s “Some Unsettled Problems of Irrigation”," ICER Working Papers 33-2010, ICER - International Centre for Economic Research.

  18. Robert S. Pindyck, 2010. "Fat Tails, Thin Tails, and Climate Change Policy," Working Papers 1012, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.

    Cited by:

    1. Pycroft, Jonathan & Vergano, Lucia & Hope, Chris & Paci, Daniele & Ciscar, Juan Carlos, 2011. "A tale of tails: Uncertainty and the social cost of carbon dioxide," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 5, pages 1-29.
    2. Tack, Jesse, 2013. "A Nested Test for Common Yield Distributions with Applications to U.S. Corn," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 38(1), pages 1-14, April.
    3. Stavins, Robert & Aldy, Joseph E., 2020. "Rolling the Dice in the Corridors of Power: William Nordhaus's Impacts on Climate Change Policy," RFF Working Paper Series 20-11, Resources for the Future.
    4. Robert S. Pindyck, 2013. "Climate Change Policy: What Do the Models Tell Us?," NBER Working Papers 19244, National Bureau of Economic Research, Inc.
    5. David Anthoff & Richard S. J. Tol, 2021. "Testing the Dismal Theorem," CESifo Working Paper Series 8939, CESifo.
    6. Matthew J. Holian & Matthew E. Kahn, 2014. "Household Demand for Low Carbon Public Policies: Evidence from California," NBER Working Papers 19965, National Bureau of Economic Research, Inc.
    7. Hjort, Ingrid, 2016. "Potential Climate Risks in Financial Markets: A Literature Overview," Memorandum 01/2016, Oslo University, Department of Economics.
    8. Rick van der Ploeg, 2020. "Discounting and Climate Policy," CESifo Working Paper Series 8441, CESifo.
    9. Seth D. Baum & Timothy M. Maher & Jacob Haqq-Misra, 2013. "Double catastrophe: intermittent stratospheric geoengineering induced by societal collapse," Environment Systems and Decisions, Springer, vol. 33(1), pages 168-180, March.
    10. Stavins, Robert Norman, 2010. "The Problem of the Commons: Still Unsettled After 100 Years," Scholarly Articles 4450130, Harvard Kennedy School of Government.
    11. Nævdal, Eric, 2016. "Catastrophes and ex post shadow prices—How the value of the last fish in a lake is infinity and why we should not care (much)," Journal of Economic Behavior & Organization, Elsevier, vol. 132(PB), pages 153-160.
    12. Chambers, Robert G. & Melkonyan, Tigran, 2017. "Ambiguity, reasoned determination, and climate-change policy," Journal of Environmental Economics and Management, Elsevier, vol. 81(C), pages 74-92.
    13. Sussman Fran & Weaver Christopher P. & Grambsch Anne, 2014. "Challenges in applying the paradigm of welfare economics to climate change," Journal of Benefit-Cost Analysis, De Gruyter, vol. 5(3), pages 347-376, December.
    14. Richard S.J. Tol, 2012. "Targets for Global Climate Policy: An Overview," Working Paper Series 3712, Department of Economics, University of Sussex Business School.
    15. Odusola, Ayodele & Abidoye, Babatunde, 2015. "Effects of Temperature and Rainfall Shocks on Economic Growth in Africa," UNDP Africa Research Discussion Papers 267028, United Nations Development Programme (UNDP).
    16. Benjamin Jones & Michael Keen & Jon Strand, 2013. "Fiscal implications of climate change," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 20(1), pages 29-70, February.
    17. Simon Dietz & Nicoleta Anca Matei, 2016. "Spaces for Agreement: A Theory of Time-Stochastic Dominance and an Application to Climate Change," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 3(1), pages 85-130.
    18. Sureth Michael & Kalkuhl Matthias & Edenhofer Ottmar & Rockström Johan, 2023. "A Welfare Economic Approach to Planetary Boundaries," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 243(5), pages 477-542, October.
    19. Quiggin, John, 2018. "The importance of ‘extremely unlikely’ events: tail risk and the costs of climate change," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 62(1), January.
    20. Robert S. Pindyck, 2020. "What We Know and Don't Know about Climate Change, and Implications for Policy," NBER Working Papers 27304, National Bureau of Economic Research, Inc.
    21. Pindyck, Robert S., 2012. "Uncertain outcomes and climate change policy," Journal of Environmental Economics and Management, Elsevier, vol. 63(3), pages 289-303.
    22. Karp, Larry & Tsur, Yacov, 2011. "Time perspective and climate change policy," Journal of Environmental Economics and Management, Elsevier, vol. 62(1), pages 1-14, July.
    23. Buchholz Wolfgang & Heindl Peter, 2015. "Ökonomische Herausforderungen des Klimawandels," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 16(4), pages 324-350, December.
    24. Surender Kumar & Madhu Khanna, 2019. "Temperature and Production Efficiency Growth: Empirical Evidence," Working papers 298, Centre for Development Economics, Delhi School of Economics.
    25. Xepapadeas, Anastasios & Ralli, Parthenopi & Kougea, Eva & Spyrou, Sofia & Stavropoulos, Nikolaos & Tsiaousi, Vasiliki & Tsivelikas, Athanasios, 2014. "Valuing insurance services emerging from a gene bank: The case of the Greek Gene Bank," Ecological Economics, Elsevier, vol. 97(C), pages 140-149.
    26. Antonio Estache, 2012. "What Policies to Green Infrastructure Service Delivery Entail," Working Papers ECARES ECARES 2012-013, ULB -- Universite Libre de Bruxelles.
    27. Kelly, David L. & Tan, Zhuo, 2015. "Learning and climate feedbacks: Optimal climate insurance and fat tails," Journal of Environmental Economics and Management, Elsevier, vol. 72(C), pages 98-122.
    28. Ikefuji, M. & Laeven, R.J.A. & Magnus, J.R. & Muris, C.H.M., 2010. "Expected Utility and Catastrophic Risk in a Stochastic Economy-Climate Model," Other publications TiSEM 52cbee73-e1dc-4ed3-8ec9-6, Tilburg University, School of Economics and Management.
    29. Ross McKitrick, 2013. "State-contingent pricing as a response to uncertainty in climate policy," Chapters, in: Roger Fouquet (ed.), Handbook on Energy and Climate Change, chapter 18, pages 415-433, Edward Elgar Publishing.
    30. Johanna Etner & Meglena Jeleva & Natacha Raffin, 2020. "Climate policy: How to deal with ambiguity?," Post-Print hal-02876969, HAL.
    31. Boyarchenko, Svetlana & Levendorskii, Sergei, 2010. "Discounting when income is stochastic and climate change policies," MPRA Paper 27998, University Library of Munich, Germany.
    32. Gabriel E Lade & C-Y Cynthia Lin Lawell & Aaron Smith, 2018. "Designing Climate Policy: Lessons from the Renewable Fuel Standard and the Blend Wall," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 100(2), pages 585-599.
    33. Andrea Rampa, 2020. "Climate change, catastrophes and Dismal Theorem: a critical review [Klimawandel, Katastrophen und das „Dismal Theorem“: eine kritische Überprüfung]," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 40(2), pages 113-136, October.
    34. Besley, Tim & Dixit, Avinash K., 2017. "Comparing Alternative Policies Against Environmental Catastrophes," CEPR Discussion Papers 11802, C.E.P.R. Discussion Papers.
    35. Jules Sadefo-Kamdem & David Akame, 2020. "Willingness To Pay Of An Expo-Power Utility Decision Maker To Limit Climate Change," Working Papers hal-02465195, HAL.
    36. Vale, Petterson Molina, 2016. "The changing climate of climate change economics," Ecological Economics, Elsevier, vol. 121(C), pages 12-19.
    37. Lee, Sangjun & Zhao, Jinhua, 2021. "Adaptation to climate change: Extreme events versus gradual changes," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    38. Kousky, Carolyn & Kopp, Robert E. & Cooke, Roger, 2011. "Risk premia and the social cost of carbon: A review," Economics Discussion Papers 2011-19, Kiel Institute for the World Economy (IfW Kiel).
    39. Soheil Shayegh & Valerie Thomas, 2015. "Adaptive stochastic integrated assessment modeling of optimal greenhouse gas emission reductions," Climatic Change, Springer, vol. 128(1), pages 1-15, January.
    40. Nekeisha Spencer & Eric Strobl, 2020. "Hurricanes, climate change, and social welfare: evidence from the Caribbean," Climatic Change, Springer, vol. 163(1), pages 337-357, November.
    41. Jaeger, Carlo, 2016. "The coming breakthrough in risk research," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 10, pages 1-28.
    42. Matteo Coronese & Francesco Lamperti & Francesco Chiaromonte & Andrea Roventini, 2018. "Natural disaster Risk and the Distributional Dynamics of Damages," Documents de Travail de l'OFCE 2018-26, Observatoire Francais des Conjonctures Economiques (OFCE).
    43. In Chang Hwang & Richard S.J. Tol & Marjan W. Hofkes, 2013. "Active Learning about Climate Change," Working Paper Series 6513, Department of Economics, University of Sussex Business School.
    44. Frederick Ploeg, 2021. "Carbon pricing under uncertainty," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(5), pages 1122-1142, October.
    45. Raphael Calel & David Stainforth & Simon Dietz, 2015. "Tall tales and fat tails: the science and economics of extreme warming," Climatic Change, Springer, vol. 132(1), pages 127-141, September.
    46. Millner, Antony, 2013. "On welfare frameworks and catastrophic climate risks," Journal of Environmental Economics and Management, Elsevier, vol. 65(2), pages 310-325.
    47. Antony Millner, 2013. "On Welfare Frameworks and Catastrophic Climate Risks," CESifo Working Paper Series 4442, CESifo.
    48. Kenneth Arrow & Marcel Priebsch, 2014. "Bliss, Catastrophe, and Rational Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 58(4), pages 491-509, August.
    49. Ikefuji, Masako & Laeven, Roger J.A. & Magnus, Jan R. & Muris, Chris, 2015. "Expected utility and catastrophic consumption risk," Insurance: Mathematics and Economics, Elsevier, vol. 64(C), pages 306-312.
    50. Nævdal, Eric, 2015. "Catastrophes and Expected Marginal Utility – How The Value Of The Last Fish In A Lake Is Infinity And Why We Shouldn't Care (Much)," Memorandum 08/2015, Oslo University, Department of Economics.
    51. Md Mazharul Islam & Majed Alharthi & Md Wahid Murad, 2021. "The effects of carbon emissions, rainfall, temperature, inflation, population, and unemployment on economic growth in Saudi Arabia: An ARDL investigation," PLOS ONE, Public Library of Science, vol. 16(4), pages 1-21, April.
    52. Noy, I, 2012. "Investing in Disaster Risk Reduction: A Global Fund," Working Paper Series 18703, Victoria University of Wellington, School of Economics and Finance.
    53. Stephen C. Newbold & Charles Griffiths & Chris Moore & Ann Wolverton & Elizabeth Kopits, 2013. "A Rapid Assessment Model For Understanding The Social Cost Of Carbon," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 4(01), pages 1-40.
    54. Tack, Jesse B. & Harri, Ardian & Coble, Keith H., 2012. "More than Mean Effects: Modeling the Effect of Climate on the Higher Order Moments of Crop Yields," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 123330, Agricultural and Applied Economics Association.
    55. In Hwang & Frédéric Reynès & Richard Tol, 2013. "Climate Policy Under Fat-Tailed Risk: An Application of Dice," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 56(3), pages 415-436, November.
    56. Cai, Yongyang & Steinbuks, Jevgenijs & Elliott, Joshua & Hertel, Thomas W., 2014. "The effect of climate and technological uncertainty in crop yields on the optimal path of global land use," Policy Research Working Paper Series 7009, The World Bank.
    57. Johnson Kakeu, 2023. "Concerns for Long-Run Risks and Natural Resource Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(4), pages 1051-1093, April.
    58. Bond, Craig A. & Iverson, Terrence, 2011. "Modeling Information in Environmental Decision-Making," Western Economics Forum, Western Agricultural Economics Association, vol. 10(2), pages 1-17.
    59. Jaeger, Carlo, 2015. "The coming breakthrough in risk research," Economics Discussion Papers 2015-65, Kiel Institute for the World Economy (IfW Kiel).
    60. Andisheh Saliminezhad & Huseyin Ozdeser & Dahiru Alhaji Bala Birnintsaba, 2022. "Environmental degradation and economic growth: time-varying and nonlinear evidence from Nigeria," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(5), pages 6288-6301, May.
    61. David Martimort & Stéphane Straub, 2011. "How to Design Public-Private Partnerships in a Warming World? - When Infrastructure Becomes a Really “Hot” Topic," Working Papers 2011/25, Maastricht School of Management.
    62. In Chang Hwang, 2016. "Active learning and optimal climate policy," EcoMod2016 9611, EcoMod.
    63. Jesse Tack & Keith Coble & Barry Barnett, 2018. "Warming temperatures will likely induce higher premium rates and government outlays for the U.S. crop insurance program," Agricultural Economics, International Association of Agricultural Economists, vol. 49(5), pages 635-647, September.
    64. Hwang, In Chang, 2014. "Fat-tailed uncertainty and the learning-effect," MPRA Paper 53671, University Library of Munich, Germany.
    65. Rheinberger, Christoph & Treich, Nicolas, 2016. "Attitudes Toward Catastrophe," TSE Working Papers 16-635, Toulouse School of Economics (TSE).
    66. Silvana Stefani & Gleda Kutrolli & Enrico Moretto & Sergei Kulakov, 2020. "Managing Meteorological Risk through Expected Shortfall," Risks, MDPI, vol. 8(4), pages 1-23, November.
    67. Partha Dasgupta, 2014. "Pricing climate change," Politics, Philosophy & Economics, , vol. 13(4), pages 394-416, November.
    68. Buchholz, Wolfgang & Schymura, Michael, 2012. "Expected utility theory and the tyranny of catastrophic risks," Ecological Economics, Elsevier, vol. 77(C), pages 234-239.
    69. Masako Ikefuji & Roger Laeven & Jan Magnus & Chris Muris, 2014. "Expected Utility and Catastrophic Risk," Tinbergen Institute Discussion Papers 14-133/III, Tinbergen Institute.
    70. Li, Weijia & Roland, Gérard & Xie, Yang, 2020. "Erosion of state power, corruption control, and political stability," BOFIT Discussion Papers 5/2020, Bank of Finland Institute for Emerging Economies (BOFIT).
    71. Hwang, In Chang & Tol, Richard S.J. & Hofkes, Marjan W., 2016. "Fat-tailed risk about climate change and climate policy," Energy Policy, Elsevier, vol. 89(C), pages 25-35.
    72. Arvaniti, Maria, 2016. "Uncertainty, Extreme Outcomes and Climate Change: a critique," CERE Working Papers 2016:11, CERE - the Center for Environmental and Resource Economics.
    73. In Chang Hwang & Richard S.J. Tol & Marjan W. Hofkes, 2013. "Tail-effect and the Role of Greenhouse Gas Emissions Control," Working Paper Series 6613, Department of Economics, University of Sussex Business School.
    74. Hamid Mohtadi & Bryan S. Weber, 2021. "Catastrophe And Rational Policy: Case Of National Security," Economic Inquiry, Western Economic Association International, vol. 59(1), pages 140-161, January.
    75. Sajjad Ali & Li Gucheng & Liu Ying & Muhammad Ishaq & Tariq Shah, 2019. "The Relationship between Carbon Dioxide Emissions, Economic Growth and Agricultural Production in Pakistan: An Autoregressive Distributed Lag Analysis," Energies, MDPI, vol. 12(24), pages 1-23, December.
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  19. Robert S. Pindyck, 2009. "Sunk Costs and Risk-Based Barriers to Entry," NBER Working Papers 14755, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ia Vardishvili, 2023. "Entry Decision, the Option to Delay Entry, and Business Cycles," Auburn Economics Working Paper Series auwp2023-04, Department of Economics, Auburn University.
    2. Theodore H. Moran, 2013. "Avoiding the "Resource Curse" in Mongolia," Policy Briefs PB13-18, Peterson Institute for International Economics.
    3. Olender-Skorek, Magdalena, 2012. "To Regulate Or Not to Regulate? – Economic Approach to Indefeasible Right of Use (IRU)," MPRA Paper 48548, University Library of Munich, Germany.
    4. Bustamante, Maria Cecilia & Zucchi, Francesca, 2023. "Innovation, industry equilibrium, and discount rates," Working Paper Series 2835, European Central Bank.

  20. Robert S. Pindyck, 2009. "Uncertain Outcomes and Climate Change Policy," Working Papers 0907, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.

    Cited by:

    1. Robert S. Pindyck, 2013. "Climate Change Policy: What Do the Models Tell Us?," NBER Working Papers 19244, National Bureau of Economic Research, Inc.
    2. Alessandro Moro, 2021. "Can capital controls promote green investments in developing countries?," Temi di discussione (Economic working papers) 1348, Bank of Italy, Economic Research and International Relations Area.
    3. Marco Letta & Pierluigi Montalbano & Richard S.J. Tol, 2017. "Temperature shocks, growth and poverty thresholds: evidence from rural Tanzania," Working Paper Series 2117, Department of Economics, University of Sussex Business School.
    4. Mark C. Freeman & Gernot Wagner & Richard J. Zeckhauser, 2015. "Climate Sensitivity Uncertainty: When is Good News Bad?," NBER Working Papers 20900, National Bureau of Economic Research, Inc.
    5. Melissa Dell & Benjamin F. Jones & Benjamin A. Olken, 2014. "What Do We Learn from the Weather? The New Climate-Economy Literature," Journal of Economic Literature, American Economic Association, vol. 52(3), pages 740-798, September.
    6. Kent D. Daniel & Robert B. Litterman & Gernot Wagner, 2016. "Applying Asset Pricing Theory to Calibrate the Price of Climate Risk," NBER Working Papers 22795, National Bureau of Economic Research, Inc.
    7. Francesco Lamperti & Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Alessandro Sapio, 2017. "Faraway, so close : coupled climate and economic dynamics in an agent-based integrated assessment model," Sciences Po publications info:hdl:2441/4hs7liq1f49, Sciences Po.
    8. Rick van der Ploeg & Ton van den Bremer, 2021. "The risk-adjusted carbon price," Tinbergen Institute Discussion Papers 21-046/VI, Tinbergen Institute.
    9. Robert S. Pindyck, 2016. "The Social Cost of Carbon Revisited," NBER Working Papers 22807, National Bureau of Economic Research, Inc.
    10. Chambers, Robert G. & Melkonyan, Tigran, 2017. "Ambiguity, reasoned determination, and climate-change policy," Journal of Environmental Economics and Management, Elsevier, vol. 81(C), pages 74-92.
    11. Nahid Masoudi & Marc Santugini & Georges Zaccour, 2015. "A Dynamic Game of Emissions Pollution with Uncertainty and Learning," Cahiers de recherche 1501, CIRPEE.
    12. Luca Gerotto & Paolo Pellizzari, 2021. "A replication of Pindyck’s willingness to pay: on the efforts required to obtain results," SN Business & Economics, Springer, vol. 1(5), pages 1-25, May.
    13. Wagner, Gernot & Zeckhauser, Richard J., 2016. "Confronting Deep and Persistent Climate Uncertainty," Working Paper Series 16-025, Harvard University, John F. Kennedy School of Government.
    14. Karman Agnieszka & Miszczuk Andrzej & Bronisz Urszula, 2023. "Discovering the factors driving regional competitiveness in the face of climate change," Miscellanea Geographica. Regional Studies on Development, Sciendo, vol. 27(2), pages 75-91, April.
    15. Hambel, Christoph & Kraft, Holger & Schwartz, Eduardo, 2021. "Optimal carbon abatement in a stochastic equilibrium model with climate change," European Economic Review, Elsevier, vol. 132(C).
    16. Robert S. Pindyck, 2010. "Modeling the Impact of Warming in Climate Change Economics," NBER Working Papers 15692, National Bureau of Economic Research, Inc.
    17. Richard S.J. Tol, 2012. "Targets for Global Climate Policy: An Overview," Working Paper Series 3712, Department of Economics, University of Sussex Business School.
    18. Afees A. Salisu & Christian Pierdzioch & Rangan Gupta & Renee van Eyden, 2021. "Climate Risks and U.S. Stock-Market Tail Risks: A Forecasting Experiment Using over a Century of Data," Working Papers 202165, University of Pretoria, Department of Economics.
    19. Vasilis C. Kapsalis & Grigorios L. Kyriakopoulos & Konstantinos G. Aravossis, 2019. "Investigation of Ecosystem Services and Circular Economy Interactions under an Inter-organizational Framework," Energies, MDPI, vol. 12(9), pages 1-29, May.
    20. Schultes, Anselm & Piontek, Franziska & Soergel, Bjoern & Rogelj, Joeri & Baumstark, Lavinia & Kriegler, Elmar & Edenhofer, Ottmar & Luderer, Gunnar, 2020. "Economic damages from on-going climate change imply deeper near-term emission cuts," MPRA Paper 103655, University Library of Munich, Germany.
    21. Lucas Bretschger, 2018. "Greening Economy, Graying Society," CER-ETH Press, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich, edition 2, number 18-001.
    22. Marco Letta & Richard S.J. Tol, 2016. "Weather, climate and total factor productivity," Working Paper Series 10216, Department of Economics, University of Sussex Business School.
    23. Christoph Hambel & Holger Kraft & Eduardo Schwartz, 2015. "Optimal Carbon Abatement in a Stochastic Equilibrium Model with Climate Change," NBER Working Papers 21044, National Bureau of Economic Research, Inc.
    24. Freeman, Mark C. & Groom, Ben & Zeckhauser, Richard, 2015. "Better Predictions, Better Allocations: Scientific Advances and Adaptation to Climate Change," Working Paper Series 15-051, Harvard University, John F. Kennedy School of Government.
    25. Martin, Ian & Pindyck, R. S., 2015. "Averting catastrophes: the strange economics of Scylla and Charybdis," LSE Research Online Documents on Economics 62139, London School of Economics and Political Science, LSE Library.
    26. Mark Kagan, 2012. "Climate Change Skepticism in the Face of Catastrophe," Tinbergen Institute Discussion Papers 12-112/VIII, Tinbergen Institute, revised 29 Sep 2014.
    27. Hambel, Christoph & Kraft, Holger & Schwartz, Eduardo S., 2019. "Optimal carbon abatement in a stochastic equilibrium model with climate change," SAFE Working Paper Series 92, Leibniz Institute for Financial Research SAFE, revised 2019.
    28. Balvers, Ronald & Du, Ding & Zhao, Xiaobing, 2012. "The Adverse Impact of Gradual Temperature Change on Capital Investment," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124676, Agricultural and Applied Economics Association.
    29. Lucas Bretschger & Alexandra Vinogradova, 2014. "Growth and Mitigation Policies with Uncertain Climate Damage," CESifo Working Paper Series 5085, CESifo.
    30. Yu-Fu Chen & Michael Funke & Nicole Glanemann, 2011. "Time is Running Out: The 2°C Target and Optimal Climate Policies," CESifo Working Paper Series 3664, CESifo.
    31. Donatella Baiardi & Mario Menegatti, 2011. "Pigouvian tax, abatement policies and uncertainty on the environment," Journal of Economics, Springer, vol. 103(3), pages 221-251, July.
    32. Michael Donadelli & Marcus Jüppner & Sergio Vergalli, 2022. "Temperature Variability and the Macroeconomy: A World Tour," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 83(1), pages 221-259, September.
    33. Robert S. Pindyck, 2010. "Fat Tails, Thin Tails, and Climate Change Policy," NBER Working Papers 16353, National Bureau of Economic Research, Inc.
    34. Agliardi, Elettra & Xepapadeas, Anastasios, 2022. "Temperature targets, deep uncertainty and extreme events in the design of optimal climate policy," Journal of Economic Dynamics and Control, Elsevier, vol. 139(C).
    35. Elettra Agliardi & Anastasios Xepapadeas, 2018. "Optimal Scheduling of Greenhouse Gas Emissions under Carbon Budgeting and Policy Design," DEOS Working Papers 1808, Athens University of Economics and Business.
    36. Robert S. Pindyck, 2013. "The Climate Policy Dilemma," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 7(2), pages 219-237, July.
    37. Robert S. Pindyck, 2012. "Risk and Return in Environmental Economics," NBER Working Papers 18262, National Bureau of Economic Research, Inc.
    38. Boyarchenko, Svetlana & Levendorskii, Sergei, 2010. "Discounting when income is stochastic and climate change policies," MPRA Paper 27998, University Library of Munich, Germany.
    39. Rajnish Mehra, 2013. "Asset Pricing Implications of Macroeconomic Interventions An Application to Climate Policy," NBER Working Papers 19146, National Bureau of Economic Research, Inc.
    40. Robert S. Pindyck, 2015. "The Use and Misuse of Models for Climate Policy," NBER Working Papers 21097, National Bureau of Economic Research, Inc.
    41. Joseph E. Aldy & Alan J. Krupnick & Richard G. Newell & Ian W.H. Parry & William A. Pizer, 2009. "Designing Climate Mitigation Policy," NBER Working Papers 15022, National Bureau of Economic Research, Inc.
    42. Michael Donadelli & Marcus Jüppner & Antonio Paradiso & Christian Schlag, 2019. "Temperature Volatility Risk," Working Papers 2019:05, Department of Economics, University of Venice "Ca' Foscari".
    43. Yu-Fu Chen & Michael Funke & Nicole Glanemann, 2011. "Dark Clouds or Silver Linings? Knightian Uncertainty and Climate Change," CESifo Working Paper Series 3516, CESifo.
    44. Barry ANDERSON & Emanuele BORGONOVO & Marzio GALEOTTI & Roberto ROSON, 2012. "Uncertainty in climate change modelling: can global sensitivity analysis be of help?," Departmental Working Papers 2012-18, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    45. van der Ploeg, Frederick & ,, 2018. "Pricing Carbon Under Economic and Climactic Risks: Leading-Order Results from Asymptotic Analysis," CEPR Discussion Papers 12642, C.E.P.R. Discussion Papers.
    46. Marion Dupoux, 2016. "The land use change time-accounting failure," Policy Papers 2016.07, FAERE - French Association of Environmental and Resource Economists.
    47. In Chang Hwang & Richard S.J. Tol & Marjan W. Hofkes, 2013. "Active Learning about Climate Change," Working Paper Series 6513, Department of Economics, University of Sussex Business School.
    48. Gary D. Libecap, 2014. "Addressing Global Environmental Externalities: Transaction Costs Considerations," Journal of Economic Literature, American Economic Association, vol. 52(2), pages 424-479, June.
    49. Thomas F. Coleman & Nicole S. Dumont & Wanqi Li & Wenbin Liu & Alexey Rubtsov, 2022. "Optimal Pricing of Climate Risk," Computational Economics, Springer;Society for Computational Economics, vol. 60(3), pages 1101-1134, October.
    50. Na Liu & Futie Song, 2021. "Marginal Abatement Cost of Carbon Emissions under Different Shared Socioeconomic Pathways," Sustainability, MDPI, vol. 13(24), pages 1-17, December.
    51. Ravi Bansal & Marcelo Ochoa & Dana Kiku, 2016. "Climate Change and Growth Risks," NBER Working Papers 23009, National Bureau of Economic Research, Inc.
    52. Chisari, Omar O., 2010. "Notes on Optimal Growth, Climate Change Calamities, Adaptation and Mitigation," IDB Publications (Working Papers) 1531, Inter-American Development Bank.
    53. Robert S. Pindyck, 2017. "Coase Lecture—Taxes, Targets and the Social Cost of Carbon," Economica, London School of Economics and Political Science, vol. 84(335), pages 345-364, July.
    54. Elisabeth J. Moyer & Mark D. Woolley & Nathan J. Matteson & Michael J. Glotter & David A. Weisbach, 2014. "Climate Impacts on Economic Growth as Drivers of Uncertainty in the Social Cost of Carbon," The Journal of Legal Studies, University of Chicago Press, vol. 43(2), pages 401-425.
    55. Traeger, Christian P., 2009. "The Social Discount Rate under Intertemporal Risk Aversion and Ambiguity," CUDARE Working Papers 55785, University of California, Berkeley, Department of Agricultural and Resource Economics.
    56. Ramjerdi, Farideh & Fearnley, Nils, 2014. "Risk and irreversibility of transport interventions," Transportation Research Part A: Policy and Practice, Elsevier, vol. 60(C), pages 31-39.
    57. Lucas Bretschger & Alexandra Vinogradova, 2014. "Going beyond tradition:Growth and Mitigation Policies with Uncertain Climate Damage," CER-ETH Economics working paper series 14/202, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    58. Lopez, Ramon E. & Pastén, Roberto & Gutiérrez Cubillos, Pablo, 2022. "Climate change in times of economic uncertainty: A perverse tragedy of the commons?," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 209-225.
    59. Lucas Betschger & Alexandra Vinogradova, 2014. "Growth and Mitigation Policies with Uncertain Climate Change," OxCarre Working Papers 145, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    60. James H. Stock, 2019. "Climate Change, Climate Policy, and Economic Growth," NBER Chapters, in: NBER Macroeconomics Annual 2019, volume 34, pages 399-419, National Bureau of Economic Research, Inc.
    61. Traeger, Christian P., 2012. "Why uncertainty matters - discounting under intertemporal risk aversion and ambiguity," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt2w614303, Department of Agricultural & Resource Economics, UC Berkeley.
    62. Ravi Bansal & Marcelo Ochoa, 2011. "Welfare Costs of Long-Run Temperature Shifts," NBER Working Papers 17574, National Bureau of Economic Research, Inc.
    63. Ravi Bansal & Dana Kiku & Marcelo Ochoa, 2016. "Price of Long-Run Temperature Shifts in Capital Markets," NBER Working Papers 22529, National Bureau of Economic Research, Inc.
    64. Letta, Marco & Montalbano, Pierluigi & Tol, Richard S.J., 2018. "Temperature shocks, short-term growth and poverty thresholds: Evidence from rural Tanzania," World Development, Elsevier, vol. 112(C), pages 13-32.
    65. Gary D. Libecap, 2013. "Addressing Global Environmental Externalities: Transaction Costs Considerations," NBER Working Papers 19501, National Bureau of Economic Research, Inc.
    66. Marcelo Ochoa & Dana Kiku & Ravi Bansal, 2016. "What Do Capital Markets Tell Us About Climate Change?," 2016 Meeting Papers 542, Society for Economic Dynamics.
    67. Hwang, In Chang, 2014. "Fat-tailed uncertainty and the learning-effect," MPRA Paper 53671, University Library of Munich, Germany.
    68. Jin Zhugang & Can Wang & Wenjia Cai, 2013. "Cooperation is essential for 2 centigrade degrees Target: a new perspective from the Dynamic Game Model," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 5(1), pages 100-105, June.
    69. Stephen Newbold & Adam Daigneault, 2009. "Climate Response Uncertainty and the Benefits of Greenhouse Gas Emissions Reductions," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 44(3), pages 351-377, November.
    70. Michael Donadelli & Marcus Jüppner & Antonio Paradiso & Christian Schlag, 2021. "Computing Macro-Effects and Welfare Costs of Temperature Volatility: A Structural Approach," Computational Economics, Springer;Society for Computational Economics, vol. 58(2), pages 347-394, August.
    71. Arvaniti, Maria, 2016. "Uncertainty, Extreme Outcomes and Climate Change: a critique," CERE Working Papers 2016:11, CERE - the Center for Environmental and Resource Economics.
    72. Geoffrey Heal & Jisung Park, 2016. "Editor's Choice Reflections—Temperature Stress and the Direct Impact of Climate Change: A Review of an Emerging Literature," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 10(2), pages 347-362.

  21. Robert S. Pindyck, 2009. "The Economic and Policy Consequences of Catastrophes," Working Papers 0912, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.

    Cited by:

    1. Rick Van der Ploeg & Aart de Zeeuw, 2018. "Pricing Carbon and Adjusting Capital to Fend off Climate Catastrophes," OxCarre Working Papers 207, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    2. Prabhu Pingali & Anaka Aiyar & Mathew Abraham & Andaleeb Rahman, 2019. "Transforming Food Systems for a Rising India," Palgrave Studies in Agricultural Economics and Food Policy, Palgrave Macmillan, number 978-3-030-14409-8, August.
    3. Cerqueti, Roy & Coppier, Raffaella, 2011. "Economic growth, corruption and tax evasion," Economic Modelling, Elsevier, vol. 28(1), pages 489-500.
    4. Elyès Jouini, 2023. "Belief Dispersion and Convex Cost of Adjustment in the Stock Market and in the Real Economy," Management Science, INFORMS, vol. 69(7), pages 4190-4209, July.
    5. Yew-Kwang Ng, 2016. "The Importance of Global Extinction in Climate Change Policy," Global Policy, London School of Economics and Political Science, vol. 7(3), pages 315-322, September.
    6. Wyplosz, Charles, 2020. "What’s Wrong with Fiscal Space?," CEPR Discussion Papers 14431, C.E.P.R. Discussion Papers.
    7. Nicolas Taconet & Céline Guivarch & Antonin Pottier, 2021. "Social Cost of Carbon Under Stochastic Tipping Points," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 78(4), pages 709-737, April.
    8. Rick van der Ploeg & Ton van den Bremer, 2021. "The risk-adjusted carbon price," Tinbergen Institute Discussion Papers 21-046/VI, Tinbergen Institute.
    9. Valentini, Edilio & Vitale, Paolo, 2014. "Optimal Climate Policy for a Pessimistic Social Planner," Climate Change and Sustainable Development 166409, Fondazione Eni Enrico Mattei (FEEM).
    10. van Wijnbergen, Sweder & Lin, Xu, 2023. "The Social Cost of Carbon under Climate Volatility Risk," CEPR Discussion Papers 18210, C.E.P.R. Discussion Papers.
    11. Sergio Rebelo & Neng Wang & Jinqiang Yang, 2022. "Rare Disasters, Financial Development, and Sovereign Debt," Journal of Finance, American Finance Association, vol. 77(5), pages 2719-2764, October.
    12. Rebelo, Sérgio & Wang, Neng & Yang, Jinqiang, 2018. "Rare Disasters, Financial Development, and Sovereign Debt," CEPR Discussion Papers 13202, C.E.P.R. Discussion Papers.
    13. Hambel, Christoph & Kraft, Holger & Schwartz, Eduardo, 2021. "Optimal carbon abatement in a stochastic equilibrium model with climate change," European Economic Review, Elsevier, vol. 132(C).
    14. Victoria Y. Fan & Dean T. Jamison & Lawrence H. Summers, 2016. "The Inclusive Cost of Pandemic Influenza Risk," NBER Working Papers 22137, National Bureau of Economic Research, Inc.
    15. Eduardo Cavallo & Ilan Noy, 2009. "The Economics of Natural Disasters: A Survey," Research Department Publications 4649, Inter-American Development Bank, Research Department.
    16. Xu, Shaofeng, 2017. "Volatility risk and economic welfare," Journal of Economic Dynamics and Control, Elsevier, vol. 80(C), pages 17-33.
    17. Wang, Yulong & Xiao, Zhijie, 2022. "Estimation and inference about tail features with tail censored data," Journal of Econometrics, Elsevier, vol. 230(2), pages 363-387.
    18. Rick Van der Ploeg & Christoph Hambel & Holger Kraft, 2020. "Asset Pricing and Decarbonization: Diversification versus Climate Action," Economics Series Working Papers 901, University of Oxford, Department of Economics.
    19. Ilan Noy & Tomáš Uher, 2022. "Four New Horsemen of an Apocalypse? Solar Flares, Super-volcanoes, Pandemics, and Artificial Intelligence," Economics of Disasters and Climate Change, Springer, vol. 6(2), pages 393-416, July.
    20. Baker, Steven D. & Hollifield, Burton & Osambela, Emilio, 2016. "Disagreement, speculation, and aggregate investment," Journal of Financial Economics, Elsevier, vol. 119(1), pages 210-225.
    21. Ian W. R. Martin & Robert S. Pindyck, 2020. "Welfare Costs of Catastrophes: Lost Consumption and Lost Lives," Working Papers 2020.27, Fondazione Eni Enrico Mattei.
    22. Lucas Bretschger, 2018. "Greening Economy, Graying Society," CER-ETH Press, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich, edition 2, number 18-001.
    23. Stéphane Zuber & Marc Fleurbaey, 2017. "Fair management of social risk," PSE-Ecole d'économie de Paris (Postprint) halshs-01503848, HAL.
    24. Martin, Ian & Pindyck, R. S., 2015. "Averting catastrophes: the strange economics of Scylla and Charybdis," LSE Research Online Documents on Economics 62139, London School of Economics and Political Science, LSE Library.
    25. Thomas Douenne, 2020. "Disaster risks, disaster strikes, and economic growth: The role of preferences," Post-Print halshs-02973075, HAL.
    26. Christos Karydas & Anastasios Xepapadeas, 2019. "Climate change risks: pricing and portfolio allocation," CER-ETH Economics working paper series 19/327, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    27. Renato Quiliche & Rafael Rentería-Ramos & Irineu de Brito Junior & Ana Luna & Mario Chong, 2021. "Using Spatial Patterns of COVID-19 to Build a Framework for Economic Reactivation," Sustainability, MDPI, vol. 13(18), pages 1-23, September.
    28. Lucas Bretschger & Alexandra Vinogradova, 2014. "Growth and Mitigation Policies with Uncertain Climate Damage," CESifo Working Paper Series 5085, CESifo.
    29. Bruno Ćorić & Vladimir Šimić, 2021. "Economic disasters and aggregate investment," Empirical Economics, Springer, vol. 61(6), pages 3087-3124, December.
    30. Acharya, Viral & Johnson, Timothy & Sundaresan, Suresh & Zheng, Steven, 2020. "The Value of a Cure: An Asset Pricing Perspective," CEPR Discussion Papers 15558, C.E.P.R. Discussion Papers.
    31. Yang, Bo & Gan, Liu, 2021. "Contingent capital, Tobin’s q and corporate capital structure," The North American Journal of Economics and Finance, Elsevier, vol. 55(C).
    32. Yongyang Cai & William Brock & Anastasios Xepapadeas & Kenneth Judd, 2019. "Climate Policy under Spatial Heat Transport: Cooperative and Noncooperative Regional Outcomes," Papers 1909.04009, arXiv.org.
    33. Patrick Bolton & Ye Li & Neng Wang & Jinqiang Yang, 2020. "Dynamic Banking and the Value of Deposits," NBER Working Papers 26802, National Bureau of Economic Research, Inc.
    34. Robert S. Pindyck, 2010. "Fat Tails, Thin Tails, and Climate Change Policy," NBER Working Papers 16353, National Bureau of Economic Research, Inc.
    35. Arrow, Kenneth J. & Cropper, Maureen L. & Gollier, Christian & Groom, Ben & Heal, Geoffrey M. & Newell, Richard G. & Nordhaus, William D. & Pindyck, Robert S. & Pizer, William A. & Portney, Paul R. & , 2012. "How Should Benefits and Costs Be Discounted in an Intergenerational Context? The Views of an Expert Panel," RFF Working Paper Series dp-12-53, Resources for the Future.
    36. Robert S. Pindyck, 2013. "The Climate Policy Dilemma," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 7(2), pages 219-237, July.
    37. Liu, Bo & Lu, Lei & Mu, Congming & Yang, Jinqiang, 2016. "Time-inconsistent preferences, investment and asset pricing," Economics Letters, Elsevier, vol. 148(C), pages 48-52.
    38. Timothy K. M. Beatty & Jay P. Shimshack & Richard J. Volpe, 2019. "Disaster Preparedness and Disaster Response: Evidence from Sales of Emergency Supplies Before and After Hurricanes," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 6(4), pages 633-668.
    39. van Wijnbergen, Sweder & Olijslagers, Stan, 2019. "Discounting the Future: on Climate Change, Ambiguity Aversion and Epstein-Zin Preferences," CEPR Discussion Papers 13708, C.E.P.R. Discussion Papers.
    40. Shaofeng Xu, 2015. "On the Welfare Cost of Rare Housing Disasters," Staff Working Papers 15-26, Bank of Canada.
    41. Steven D Baker & Burton Hollifield & Emilio Osambela, 2020. "Preventing Controversial Catastrophes," The Review of Asset Pricing Studies, Society for Financial Studies, vol. 10(1), pages 1-60.
    42. Devin Michelle Bunten & Matthew E. Kahn, 2014. "The Impact of Emerging Climate Risks on Urban Real Estate Price Dynamics," NBER Working Papers 20018, National Bureau of Economic Research, Inc.
    43. Rahmatallah Poudineh and Tooraj Jamasb, 2017. "Electricity Supply Interruptions: Sectoral Interdependencies and the Cost of Energy Not Served for the Scottish Economy," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1).
    44. van der Ploeg, Frederick & ,, 2018. "Pricing Carbon Under Economic and Climactic Risks: Leading-Order Results from Asymptotic Analysis," CEPR Discussion Papers 12642, C.E.P.R. Discussion Papers.
    45. Lee Endress & James Roumasset & Christopher Wada, 2016. "Do Natural Disasters Make Sustainable Growth Impossible?," Working Papers 2016-12, University of Hawaii Economic Research Organization, University of Hawaii at Manoa.
    46. Elizabeth Kopits & Alex L. Marten & Ann Wolverton, 2013. "Moving Forward with Incorporating "Catastrophic" Climate Change into Policy Analysis," NCEE Working Paper Series 201301, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Jan 2013.
    47. Hambel, Christoph & Kraft, Holger & Schwartz, Eduardo, 2021. "The social cost of carbon in a non-cooperative world," Journal of International Economics, Elsevier, vol. 131(C).
    48. Harrison Hong & Neng Wang & Jinqiang Yang, 2023. "Mitigating Disaster Risks in the Age of Climate Change," Econometrica, Econometric Society, vol. 91(5), pages 1763-1802, September.
    49. Braun, Alexander & Braun, Julia & Weigert, Florian, 2023. "Extreme weather risk and the cost of equity," CFR Working Papers 23-08, University of Cologne, Centre for Financial Research (CFR).
    50. Quaas, Martin F. & Bröcker, Johannes, 2016. "Substitutability and the social cost of carbon in a solvable growth model with irreversible climate change," Economics Working Papers 2016-09, Christian-Albrechts-University of Kiel, Department of Economics.
    51. Bo Liu & Yingjie Niu & Jinqiang Yang & Zhentao Zou, 2020. "Time‐varying risk of rare disasters, investment, and asset pricing," The Financial Review, Eastern Finance Association, vol. 55(3), pages 503-524, August.
    52. Harrison Hong & Neng Wang & Jinqiang Yang, 2020. "Mitigating Disaster Risks in the Age of Climate Change," NBER Working Papers 27066, National Bureau of Economic Research, Inc.
    53. Finer, David Andrew, 2022. "No Shock Waves through Wall Street? Market Responses to the Risk of Nuclear War," Working Papers 318, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    54. Yongyang Cai & Kenneth L. Judd & Thomas S. Lontzek, 2015. "The Social Cost of Carbon with Economic and Climate Risks," Papers 1504.06909, arXiv.org, revised Apr 2015.
    55. Christoph Hambel & Holger Kraft & Rick van der Ploeg, 2020. "Asset Diversification versus Climate Action," CESifo Working Paper Series 8476, CESifo.
    56. Yingjie Niu & Siqi Zhao & Zhentao Zou, 2023. "Endogenous discounting, investment and asset pricing," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 644-650, January.
    57. Lucas Bretschger & Alexandra Vinogradova, 2014. "Going beyond tradition:Growth and Mitigation Policies with Uncertain Climate Damage," CER-ETH Economics working paper series 14/202, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    58. Robert S. Pindyck, 2014. "Risk and Return in the Design of Environmental Policy," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 1(3), pages 395-418.
    59. Lucas Betschger & Alexandra Vinogradova, 2014. "Growth and Mitigation Policies with Uncertain Climate Change," OxCarre Working Papers 145, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    60. Wang, Yuanping & Mu, Congming, 2019. "Can ambiguity about rare disasters explain equity premium puzzle?," Economics Letters, Elsevier, vol. 183(C), pages 1-1.
    61. Stephie Fried, 2019. "Seawalls and Stilts: A Quantitative Macro Study of Climate Adaptation," 2019 Meeting Papers 898, Society for Economic Dynamics.
    62. Matthew A. COLE & Robert J R ELLIOTT & OKUBO Toshihiro & Eric STROBL, 2013. "Natural Disasters and Plant Survival: The impact of the Kobe earthquake," Discussion papers 13063, Research Institute of Economy, Trade and Industry (RIETI).
    63. Bo Liu & Lei Lu & Congming Mu & Jinqiang Yang, 2021. "Heterogeneous preferences, investment, and asset pricing," Financial Management, Financial Management Association International, vol. 50(4), pages 1169-1193, December.
    64. Matthew A. COLE & Robert J R ELLIOTT & OKUBO Toshihiro & Eric STROBL, 2015. "Natural Disasters, Industrial Clusters and Manufacturing Plant Survival," Discussion papers 15008, Research Institute of Economy, Trade and Industry (RIETI).
    65. Ruan, Xinfeng & Zhang, Jin E., 2021. "Time-varying uncertainty and variance risk premium," Journal of Macroeconomics, Elsevier, vol. 69(C).
    66. Ana Belén Alonso-Conde & Javier Rojo-Suárez, 2020. "Nuclear Hazard and Asset Prices: Implications of Nuclear Disasters in the Cross-Sectional Behavior of Stock Returns," Sustainability, MDPI, vol. 12(22), pages 1-24, November.
    67. Steven D. Baker & Burton Hollifield & Emilio Osambela, 2018. "Preventing Controversial Catastrophes," Finance and Economics Discussion Series 2018-052, Board of Governors of the Federal Reserve System (U.S.).
    68. Rheinberger, Christoph & Treich, Nicolas, 2016. "Attitudes Toward Catastrophe," TSE Working Papers 16-635, Toulouse School of Economics (TSE).
    69. Li, Delong & Lu, Lei & Mu, Congming & Yang, Jinqiang, 2019. "Biased beliefs, costly external finance, and firm behavior: A Unified theory," Bank of Finland Research Discussion Papers 18/2019, Bank of Finland.
    70. Karydas, Christos & Xepapadeas, Anastasios, 2022. "Climate change financial risks: Implications for asset pricing and interest rates," Journal of Financial Stability, Elsevier, vol. 63(C).
    71. Cai, Yongyang & Brock, William & Xepapadeas, Anastasios, 2016. "Climate Change Economics and Heat Transport across the Globe: Spatial-DSICE," 2017 Allied Social Sciences Association (ASSA) Annual Meeting, January 6-8, 2017, Chicago, Illinois 251833, Agricultural and Applied Economics Association.
    72. Ruan, Xinfeng & Zhang, Jin E., 2018. "Equilibrium variance risk premium in a cost-free production economy," Journal of Economic Dynamics and Control, Elsevier, vol. 96(C), pages 42-60.

  22. Robert S. Pindyck, 2007. "Governance, Issuance Restrictions, And Competition In Payment Card Networks," NBER Working Papers 13218, National Bureau of Economic Research, Inc.

    Cited by:

    1. Stijn Claessens, 2009. "Competition in the Financial Sector: Overview of Competition Policies," The World Bank Research Observer, World Bank, vol. 24(1), pages 83-118, April.
    2. Bita Shabgard & Javier Asensio, 2023. "The price effects of reducing payment card interchange fees," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 14(2), pages 189-221, June.

  23. Robert S. Pindyck, 2006. "Uncertainty in Environmental Economics," Working Papers 0617, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.

    Cited by:

    1. DURAND-LASSERVE, Olivier & PIERRU, Axel & SMEERS, Yves, 2010. "Uncertain long-run emissions targets, CO2 price and global energy transition : a general equilibrium approach," LIDAM Discussion Papers CORE 2010027, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. Roberto Roson & Enrica de Cian & Elisa Lanzi, 2007. "The Impact of Temperature Change on Energy Demand a Dynamic Panel Analysis," Working Papers 2007_06, Department of Economics, University of Venice "Ca' Foscari".
    3. Alain Quinet, 2019. "What Value Do We Attach to Climate Action?," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 510-511-5, pages 165-179.
    4. Jun Rentschler & Raimund Bleischwitz & Florian Flachenecker, 2018. "On imperfect competition and market distortions: the causes of corporate under-investment in energy and material efficiency," International Economics and Economic Policy, Springer, vol. 15(1), pages 159-183, January.
    5. Enrica De Cian & Elisa Lanzi & Roberto Roson, 2013. "Seasonal temperature variations and energy demand," Climatic Change, Springer, vol. 116(3), pages 805-825, February.
    6. C.E. Dangerfield & A.E. Whalley & Nick Hanley & C.A. Gilligan, 2016. "What a difference a stochastic process makes: epidemiological-based real options models of optimal treatment of disease," Discussion Papers in Environment and Development Economics 2016-03, University of St. Andrews, School of Geography and Sustainable Development.

  24. Pindyck, Robert S., 2005. "Sunk Costs and Real Options in Antitrust," Working papers 18233, Massachusetts Institute of Technology (MIT), Sloan School of Management.

    Cited by:

    1. Dennis W. Carlton & Randal C. Picker, 2014. "Antitrust and Regulation," NBER Chapters, in: Economic Regulation and Its Reform: What Have We Learned?, pages 25-61, National Bureau of Economic Research, Inc.
    2. Krutilla,Kerry Mace & Good,David Henning & Toman,Michael A. & Arin,Tijen, 2020. "Implementing Precaution in Benefit-Cost Analysis : The Case of Deep Seabed Mining," Policy Research Working Paper Series 9307, The World Bank.
    3. Olender-Skorek, Magdalena, 2012. "To Regulate Or Not to Regulate? – Economic Approach to Indefeasible Right of Use (IRU)," MPRA Paper 48548, University Library of Munich, Germany.
    4. Robert S. Pindyck, 2009. "Sunk Costs and Risk-Based Barriers to Entry," NBER Working Papers 14755, National Bureau of Economic Research, Inc.
    5. Xiao, Mo & Orazem, Peter F., 2011. "Does the fourth entrant make any difference?: Entry and competition in the early U.S. broadband market," International Journal of Industrial Organization, Elsevier, vol. 29(5), pages 547-561, September.
    6. Dennis W. Carlton, 2005. "Barriers To Entry," NBER Working Papers 11645, National Bureau of Economic Research, Inc.
    7. Jan Vlachý, 2009. "Strategie podniku a finanční teorie [Corporate strategy and financial theory]," Politická ekonomie, Prague University of Economics and Business, vol. 2009(2), pages 147-162.
    8. Parton, Lee C. & Dundas, Steven J., 2020. "Fall in the sea, eventually? A green paradox in climate adaptation for coastal housing markets," Journal of Environmental Economics and Management, Elsevier, vol. 104(C).
    9. Paul A.Grout & Anna Zalewska, 2006. "Profitability Measures and Competition Law," The Centre for Market and Public Organisation 06/144, The Centre for Market and Public Organisation, University of Bristol, UK.
    10. Yongma Moon, 2014. "Optimal Time to Invest Energy Storage System under Uncertainty Conditions," Energies, MDPI, vol. 7(4), pages 1-19, April.

  25. Robert S. Pindyck, 2005. "Pricing Capital Under Mandatory Unbundling and Facilities Sharing," NBER Working Papers 11225, National Bureau of Economic Research, Inc.

    Cited by:

    1. M. Bourreau & P. Dogan, "undated". "Build or Buy Strategies in the Local Loop," Working Paper 33647, Harvard University OpenScholar.
    2. Elizabeth Baldwin & Yongyang Cai & Karlygash Kuralbayeva, 2019. "To Build or not to Build? Capital Stocks and Climate Policy," OxCarre Working Papers 204, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    3. Charalampopoulos, George & Katsianis, Dimitris & Varoutas, Dimitris, 2020. "Investigating the intertwining impact of wholesale access pricing and the commitment to net neutrality principle on European next-generation access networks private investment plans: An options-game a," Telecommunications Policy, Elsevier, vol. 44(3).
    4. Keiichi Hori & Keizo Mizuno, 2009. "Competition schemes and investment in network infrastructure under uncertainty," Journal of Regulatory Economics, Springer, vol. 35(2), pages 179-200, April.
    5. Robert S. Pindyck, 2005. "Sunk Costs and Real Options in Antitrust," NBER Working Papers 11430, National Bureau of Economic Research, Inc.
    6. George Charalampopoulos & Dimitris Katsianis & Dimitris Varoutas, 2022. "Economic replicability tests: an “out-of-the-box” implementation," Netnomics, Springer, vol. 22(2), pages 115-138, October.
    7. Henning Never, 2010. "Risk Sharing for Next Generation Access Networks – Necessary Adjustments of the Present European Regulatory Framework for Electronic Communication Networks and Services," Chapters, in: Morten Falch & Jan Markendahl (ed.), Promoting New Telecom Infrastructures, chapter 9, Edward Elgar Publishing.
    8. Baldwin, Elizabeth & Cai, Yongyang & Kuralbayeva, Karlygash, 2020. "To build or not to build? Capital stocks and climate policy∗," Journal of Environmental Economics and Management, Elsevier, vol. 100(C).
    9. Pio Baake & Brigitte Preißl (Eds.). Johannes M. Bauer & Per Björstedt & Elena Gallo & Anders Henten & Sven Lindmark & Martijn Poel & Enzo Pontarollo & Knud Erik Skouby & Jason Whalley, 2006. "Local Loop Unbundling and Bitstream Access: Regulatory Practice in Europe and the U.S," DIW Berlin: Politikberatung kompakt, DIW Berlin, German Institute for Economic Research, volume 20, number pbk20, Enero-Abr.
    10. Fernando T. Camacho & Flavio Menezes, 2008. "Regulation and the Option to Delay," Discussion Papers Series 356, School of Economics, University of Queensland, Australia.
    11. Howell, Bronwyn, 2009. "Politics and the Pursuit of Efficiency in New Zealand's Telecommunications Sector 1987-2008," Working Paper Series 19134, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    12. Bragança, Gabriel & Rocha, Katia & Camacho, Fernando, 2006. "A taxa de remuneração do capital e a nova regulação das telecomunicações [Cost of capital and the new regulation of telecommunications services]," MPRA Paper 5400, University Library of Munich, Germany.
    13. Sergio Franklin, 2015. "Investment decisions in mobile telecommunications networks applying real options," Annals of Operations Research, Springer, vol. 226(1), pages 201-220, March.
    14. Amitay Alter, 2006. "The Effect of Access Regulation on Broadbnd Deployment," Discussion Papers 06-017, Stanford Institute for Economic Policy Research.
    15. James ALLEMAN & Gary MADDEN & Hak KIM, 2008. "Real Options Methodology Applied to the ICT Sector: A Survey," Communications & Strategies, IDATE, Com&Strat dept., vol. 1(70), pages 27-44, 2nd quart.
    16. de Braganca, Gabriel Fiuza & Rocha, Katia & Moreira, Rafael Henrique Rodrigues, 2008. "Real Options and the Regulation of Brazilian Fixed-Line Telephone Operators: The Mark-up on the Cost of Capital," Working Paper Series 19098, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    17. Fernando Camacho & Flavio Menezes, 2009. "Access pricing and investment: a real options approach," Journal of Regulatory Economics, Springer, vol. 36(2), pages 107-126, October.
    18. Franklin, Sergio Luis & Diallo, Madiagne, 2013. "Real options and cost-based access pricing: Model and methodology," Telecommunications Policy, Elsevier, vol. 37(4), pages 321-333.
    19. Howell, Bronwyn, 2008. "The End or the Means? The Pursuit of Competition in Regulated Telecommunications Markets," Working Paper Series 19103, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    20. Fernando T. Camacho & Flavio M. Menezes, 2009. "Retail Price Regulation And The Option To Delay," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 80(3), pages 451-468, September.

  26. Robert S. Pindyck, 2004. "Mandatory Unbundling and Irreversible Investment in Telecom Networks," NBER Working Papers 10287, National Bureau of Economic Research, Inc.

    Cited by:

    1. M. Bourreau & P. Dogan, "undated". "Build or Buy Strategies in the Local Loop," Working Paper 33647, Harvard University OpenScholar.
    2. M. Burak Onemli & Joel Potter, 2014. "An empirical investigation of the stepping-stone hypothesis," Economics Bulletin, AccessEcon, vol. 34(4), pages 2220-2236.
    3. Keizo Mizuno & Ichiro Yoshino, 2015. "Overusing a bypass under cost-based access regulation: underinvestment with spillovers," Journal of Regulatory Economics, Springer, vol. 47(1), pages 29-57, February.
    4. Moretto, Michele & Panteghini, Paolo M. & Scarpa, Carlo, 2008. "Profit sharing and investment by regulated utilities: A welfare analysis," Review of Financial Economics, Elsevier, vol. 17(4), pages 315-337, December.
    5. Paolo Panteghini, 2004. "Wide vs. Narrow Tax Bases under Optimal Investment Timing," CESifo Working Paper Series 1246, CESifo.
    6. Sappington, David E.M., 2006. "On the design of input prices: Can TELRIC prices ever be optimal?," Information Economics and Policy, Elsevier, vol. 18(2), pages 197-215, June.
    7. Wolfgang Briglauer, 2014. "The impact of regulation and competition on the adoption of fiber-based broadband services: recent evidence from the European union member states," Journal of Regulatory Economics, Springer, vol. 46(1), pages 51-79, August.
    8. Briglauer, Wolfgang, 2014. "The impact of regulation and competition on the migration from old to new communications infrastructure: Recent evidence from EU27 member states," ZEW Discussion Papers 14-085, ZEW - Leibniz Centre for European Economic Research.
    9. Kotakorpi, Kaisa, 2006. "Access price regulation, investment and entry in telecommunications," International Journal of Industrial Organization, Elsevier, vol. 24(5), pages 1013-1020, September.
    10. Ingo Vogelsang, 2010. "Incentive Regulation, Investments and Technological Change," CESifo Working Paper Series 2964, CESifo.
    11. Fedele, Alessandro & Panteghini, Paolo M. & Vergalli, Sergio, 2010. "Optimal Investment and Financial Strategies under Tax Rate Uncertainty," Institutions and Markets Papers 91001, Fondazione Eni Enrico Mattei (FEEM).
    12. Mattos, César, 2009. "Open access policies, regulated charges and non-price discrimination in telecommunications," Information Economics and Policy, Elsevier, vol. 21(4), pages 253-260, November.
    13. Vogelsang Ingo, 2013. "The Endgame of Telecommunications Policy? A Survey," Review of Economics, De Gruyter, vol. 64(3), pages 193-270, December.
    14. Charalampopoulos, George & Katsianis, Dimitris & Varoutas, Dimitris, 2020. "Investigating the intertwining impact of wholesale access pricing and the commitment to net neutrality principle on European next-generation access networks private investment plans: An options-game a," Telecommunications Policy, Elsevier, vol. 44(3).
    15. Vogelsang, Ingo, 2017. "The role of competition and regulation in stimulating innovation – Telecommunications," Telecommunications Policy, Elsevier, vol. 41(9), pages 802-812.
    16. Flacher, David & Jennequin, Hugues, 2012. "Access regulation and geographic deployment of a new generation infrastructure," 19th ITS Biennial Conference, Bangkok 2012: Moving Forward with Future Technologies - Opening a Platform for All 72537, International Telecommunications Society (ITS).
    17. Pio Baake & Ulrich Kamecke, 2006. "New Networks, Competition and Regulation," Discussion Papers of DIW Berlin 568, DIW Berlin, German Institute for Economic Research.
    18. Avenali, Alessandro & Matteucci, Giorgio & Reverberi, Pierfrancesco, 2010. "Dynamic access pricing and investment in alternative infrastructures," International Journal of Industrial Organization, Elsevier, vol. 28(2), pages 167-175, March.
    19. Fernando T. Camacho & Flavio M. Menezes, 2008. "Price Regulation and Investment: A Real Options Approach," Discussion Papers Series 373, School of Economics, University of Queensland, Australia.
    20. Inderst, Roman & Peitz, Martin, 2012. "Network investment, access and competition," Telecommunications Policy, Elsevier, vol. 36(5), pages 407-418.
    21. Robert S. Pindyck, 2005. "Sunk Costs and Real Options in Antitrust," NBER Working Papers 11430, National Bureau of Economic Research, Inc.
    22. George Charalampopoulos & Dimitris Katsianis & Dimitris Varoutas, 2022. "Economic replicability tests: an “out-of-the-box” implementation," Netnomics, Springer, vol. 22(2), pages 115-138, October.
    23. Inderst, Roman & Peitz, Martin, 2011. "Netzzugang, Wettbewerb und Investitionen," ZEW Discussion Papers 11-025, ZEW - Leibniz Centre for European Economic Research.
    24. Briglauer, Wolfgang & Gugler, Klaus, 2013. "The deployment and penetration of high-speed fiber networks and services: Why are EU member states lagging behind?," Telecommunications Policy, Elsevier, vol. 37(10), pages 819-835.
    25. Michal Grajek & Lars-Hendrik Röller, 2009. "Regulation and investment in network industries: Evidence from European telecoms," ESMT Research Working Papers ESMT-09-004, ESMT European School of Management and Technology.
    26. Flacher, David & Jennequin, Hugues, 2014. "Access regulation and geographic deployment of a new generation infrastructure," Telecommunications Policy, Elsevier, vol. 38(8), pages 741-759.
    27. Wolfgang Briglauer, 2015. "How EU sector-specific regulations and competition affect migration from old to new communications infrastructure: recent evidence from EU27 member states," Journal of Regulatory Economics, Springer, vol. 48(2), pages 194-217, October.
    28. Isabel Soares & Paula Sarmento, 2012. "Unbundling in the Telecommunications and the Electricity Sectors: How Far should it Go?," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 157-194.
    29. Robert S. Pindyck, 2005. "Pricing Capital Under Mandatory Unbundling and Facilities Sharing," NBER Working Papers 11225, National Bureau of Economic Research, Inc.
    30. Madden, Gary & Bohlin, Erik & Ahmad, Hasnat & Tran, Thien, 2013. "OECD unbundled local loop pricing," Telecommunications Policy, Elsevier, vol. 37(11), pages 1033-1045.
    31. Heim, Sven & Krieger, Bastian & Liebensteiner, Mario, 2018. "Unbundling, regulation and pricing: Evidence from electricity distribution," ZEW Discussion Papers 18-050, ZEW - Leibniz Centre for European Economic Research.
    32. Sand, Jan Y., 2012. "Infrastructure quality regulation," Transport Policy, Elsevier, vol. 24(C), pages 310-319.
    33. Inderst, Roman & Peitz, Martin, 2014. "Investment under uncertainty and regulation of new access networks," Information Economics and Policy, Elsevier, vol. 26(C), pages 28-41.
    34. Pio Baake & Brigitte Preißl (Eds.). Johannes M. Bauer & Per Björstedt & Elena Gallo & Anders Henten & Sven Lindmark & Martijn Poel & Enzo Pontarollo & Knud Erik Skouby & Jason Whalley, 2006. "Local Loop Unbundling and Bitstream Access: Regulatory Practice in Europe and the U.S," DIW Berlin: Politikberatung kompakt, DIW Berlin, German Institute for Economic Research, volume 20, number pbk20, Enero-Abr.
    35. Fernando T. Camacho & Flavio Menezes, 2008. "Regulation and the Option to Delay," Discussion Papers Series 356, School of Economics, University of Queensland, Australia.
    36. Howell, Bronwyn, 2009. "Politics and the Pursuit of Efficiency in New Zealand's Telecommunications Sector 1987-2008," Working Paper Series 19134, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    37. Guthrie, Graeme, 2012. "Regulated prices and real options," Telecommunications Policy, Elsevier, vol. 36(8), pages 650-663.
    38. Jan Krancke & Christoph Müller, 2011. "Innovationen in regulierten Netzindustrien," Schmalenbach Journal of Business Research, Springer, vol. 63(64), pages 32-51, January.
    39. Klein, Gordon J. & Wendel, Julia, 2014. "The impact of local loop and retail unbundling," 20th ITS Biennial Conference, Rio de Janeiro 2014: The Net and the Internet - Emerging Markets and Policies 106845, International Telecommunications Society (ITS).
    40. Nitsche, Rainer & Wiethaus, Lars, 2011. "Access regulation and investment in next generation networks -- A ranking of regulatory regimes," International Journal of Industrial Organization, Elsevier, vol. 29(2), pages 263-272, March.
    41. Bragança, Gabriel & Rocha, Katia & Camacho, Fernando, 2006. "A taxa de remuneração do capital e a nova regulação das telecomunicações [Cost of capital and the new regulation of telecommunications services]," MPRA Paper 5400, University Library of Munich, Germany.
    42. Jerry Hausman & J. Gregory Sidak, 2014. "Telecommunications Regulation: Current Approaches with the End in Sight," NBER Chapters, in: Economic Regulation and Its Reform: What Have We Learned?, pages 345-406, National Bureau of Economic Research, Inc.
    43. Tselekounis, Markos & Varoutas, Dimitris & Martakos, Drakoulis, 2014. "A CDS approach to induce facilities-based competition over NGA networks," Telecommunications Policy, Elsevier, vol. 38(3), pages 311-331.
    44. Briglauer, Wolfgang & Gugler, Klaus & Haxhimusa, Adhurim, 2015. "Facility- and service-based competition and investment in fixed broadband networks: Lessons from a decade of access regulations in the European Union member states," ZEW Discussion Papers 15-048, ZEW - Leibniz Centre for European Economic Research.
    45. Hoernig, Steffen & Jay, Stephan & Neumann, Karl-Heinz & Peitz, Martin & Plückebaum, Thomas & Vogelsang, Ingo, 2012. "The impact of different fibre access network technologies on cost, competition and welfare," Telecommunications Policy, Elsevier, vol. 36(2), pages 96-112.
    46. Cambini, Carlo & Silvestri, Virginia, 2012. "Technology investment and alternative regulatory regimes with demand uncertainty," Information Economics and Policy, Elsevier, vol. 24(3), pages 212-230.
    47. Klein, Gordon J. & Wendel, Julia, 2014. "The impact of local loop and retail unbundling revisited," DICE Discussion Papers 163, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    48. Howell, Bronwyn, 2007. "A Pendulous Progression: New Zealand's Telecommunications Regulation 1987-2007," Working Paper Series 19074, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    49. Sergio Franklin, 2015. "Investment decisions in mobile telecommunications networks applying real options," Annals of Operations Research, Springer, vol. 226(1), pages 201-220, March.
    50. Gallardo, Fernando & Méndez, Mariano & Monjas, Manuel & Sánchez, Fernando, 2015. "Real Options on New Generation Access Networks based on FTTH. An approach to the Spanish Case," 26th European Regional ITS Conference, Madrid 2015 127143, International Telecommunications Society (ITS).
    51. Bauer, Johannes M., 2005. "Unbundling Policy in the United States Players, Outcomes and Effects," MPRA Paper 2455, University Library of Munich, Germany.
    52. Marc Bourreau & Carlo Cambini & Steffen Hoernig & Ingo Vogelsang, 2020. "Fiber investment and access under uncertainty: long-term contracts, risk premia, and access options," Journal of Regulatory Economics, Springer, vol. 57(2), pages 105-117, April.
    53. Harald Gruber, 2012. "Sector Regulation and Investment Incentives: The European Experience," Chapters, in: Gerald R. Faulhaber & Gary Madden & Jeffrey Petchey (ed.), Regulation and the Performance of Communication and Information Networks, chapter 6, Edward Elgar Publishing.
    54. Graeme Guthrie, 2014. "Real Options And The Cross-Section Of Expected Stock Returns," Journal of Economic Surveys, Wiley Blackwell, vol. 28(2), pages 265-283, April.
    55. Garrone, Paola & Zaccagnino, Michele, 2015. "Seeking the links between competition and telecommunications investments," Telecommunications Policy, Elsevier, vol. 39(5), pages 388-405.
    56. P. Baecker & G. Grass & U. Hommel, 2010. "Business value and risk in the presence of price controls: an option-based analysis of margin squeeze rules in the telecommunications industry," Annals of Operations Research, Springer, vol. 176(1), pages 311-332, April.
    57. Paolo Panteghini & Carlo Scarpa, 2008. "Political pressures and the credibility of regulation: can profit sharing mitigate regulatory risk?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 55(3), pages 253-274, September.
    58. Aude SCHOENTGEN, 2012. "Network Sharing: a Hot Topic for Operators and Regulators in Sub-Saharan Africa," Communications & Strategies, IDATE, Com&Strat dept., vol. 1(86), pages 43-63, 2nd quart.
    59. Guthrie, Graeme, 2020. "Regulation, welfare, and the risk of asset stranding," The Quarterly Review of Economics and Finance, Elsevier, vol. 78(C), pages 273-287.
    60. Carlo Cambini and Virginia Silvestri, 2012. "Technology Investment and Alternative Regulatory Regimes with Demand Uncertainty," RSCAS Working Papers 2012/15, European University Institute.
    61. Crandall, Robert W. & Eisenach, Jeffrey A. & Ingraham, Allan T., 2013. "The long-run effects of copper-loop unbundling and the implications for fiber," Telecommunications Policy, Elsevier, vol. 37(4), pages 262-281.
    62. de Braganca, Gabriel Fiuza & Rocha, Katia & Moreira, Rafael Henrique Rodrigues, 2008. "Real Options and the Regulation of Brazilian Fixed-Line Telephone Operators: The Mark-up on the Cost of Capital," Working Paper Series 19098, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    63. Hahn, Robert & Evans, Lewis, 2010. "Regulating Dynamic Markets: Progress in Theory and Practice," Working Paper Series 19155, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    64. Andrea Gavosto & Guido Ponte & Carla Scaglioni, 2007. "Investment in Next Generation Networks and the Role of Regulation: A Real Option Approach," Working Papers Department of Economics 2007/31, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    65. Barth, Anne-Kathrin & Heimeshoff, Ulrich, 2012. "Der angemessene Kostenmaßstab für Terminierungsentgelte - "Pure LRIC" vs. "KeL"," DICE Ordnungspolitische Perspektiven 29, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    66. Charalampopoulos, George & Katsianis, Dimitris & Varoutas, Dimitris, 2011. "The option to expand to a next generation access network infrastructure and the role of regulation in a discrete time setting: A real options approach," Telecommunications Policy, Elsevier, vol. 35(9), pages 895-906.
    67. Fernando Camacho & Flavio Menezes, 2009. "Access pricing and investment: a real options approach," Journal of Regulatory Economics, Springer, vol. 36(2), pages 107-126, October.
    68. Franklin, Sergio Luis & Diallo, Madiagne, 2013. "Real options and cost-based access pricing: Model and methodology," Telecommunications Policy, Elsevier, vol. 37(4), pages 321-333.
    69. Howell, Bronwyn, 2008. "The End or the Means? The Pursuit of Competition in Regulated Telecommunications Markets," Working Paper Series 19103, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    70. Fernando T. Camacho & Flavio M. Menezes, 2009. "Retail Price Regulation And The Option To Delay," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 80(3), pages 451-468, September.

  27. Dixit, Avinash K. & Pindyck, Robert S. & Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research., 2003. "Expandability, reversibility, and optimal capacity choice," Working papers 97-006WP., Massachusetts Institute of Technology (MIT), Sloan School of Management.

    Cited by:

    1. Fedele, Alessandro & Panteghini, Paolo M. & Vergalli, Sergio, 2010. "Optimal Investment and Financial Strategies under Tax Rate Uncertainty," Institutions and Markets Papers 91001, Fondazione Eni Enrico Mattei (FEEM).
    2. Sergio Vergalli, 2007. "Entry and Exit Strategies in Migration Dynamics," Working Papers 0701, University of Brescia, Department of Economics.
    3. Aurelie Slechten, 2011. "Intertemporal Links in Cap-and Trade Schemes," Working Papers ECARES ECARES 2011-014, ULB -- Universite Libre de Bruxelles.
    4. Francesca Barion & Raffaele Miniaci & Paolo M Panteghini & Maria Laura Parisi, 2010. "Profit shifting by debt financing in Europe," Working Papers 1007, University of Brescia, Department of Economics.
    5. Michele Moretto & Sergio Vergalli, 2008. "Managing Migration through Quotas: an Option-theory Perspective," Working Papers 0805, University of Brescia, Department of Economics.
    6. Hintermaier, Thomas & Steinberger, Thomas, 2005. "Occupational choice and the private equity premium puzzle," Journal of Economic Dynamics and Control, Elsevier, vol. 29(10), pages 1765-1783, October.
    7. Michele Moretto & Sergio Vergalli, 2009. "Managing Migration through Conflicting Policies: an Option-theory Perspective," CESifo Working Paper Series 2731, CESifo.
    8. Jou, Jyh-Bang, 2001. "Entry, financing, and bankruptcy decisions: The limited liability effect," The Quarterly Review of Economics and Finance, Elsevier, vol. 41(1), pages 69-88.
    9. Michael Ye & John Zyren & Carol Blumberg & Joanne Shore, 2009. "A Short-Run Crude Oil Price Forecast Model with Ratchet Effect," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 37(1), pages 37-50, March.
    10. Hartman, Richard & Hendrickson, Michael, 2002. "Optimal partially reversible investment," Journal of Economic Dynamics and Control, Elsevier, vol. 26(3), pages 483-508, March.
    11. Giacomo Corneo & Sergio Vergalli, 2013. "Editorial: The economics of irreversible choices," Journal of Economics, Springer, vol. 110(1), pages 1-3, September.
    12. Michael Ye & John Zyren & Joanne Shore, 2006. "Short-Run Crude Oil Price and Surplus Production Capacity," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 12(3), pages 390-394, August.
    13. Richard Hartman & Michael Hendrickson, 1999. "Optimal Partially Reversible Investment," Discussion Papers in Economics at the University of Washington 0032, Department of Economics at the University of Washington.
    14. Gutiérrez, Gabriel, 2004. "Metodología para análisis intersectorial de estrategias de crecimiento y empleo," Documentos de Proyectos 3668, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    15. Li, Yong & James, Barclay & Madhavan, Ravi & Mahoney, Joseph T., 2006. "Real Options: Taking Stock and Looking Ahead," Working Papers 06-0114, University of Illinois at Urbana-Champaign, College of Business.
    16. Lee, Tan, 2004. "Determinants of the foreign equity share of international joint ventures," Journal of Economic Dynamics and Control, Elsevier, vol. 28(11), pages 2261-2275, October.
    17. Jyh-Bang Jou, 2001. "Environment, Asset Characteristics, and Optimal Effluent Fees," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 20(1), pages 27-39, September.
    18. Seong-Hoon Cho & Jaimin Lee, 2021. "Estimating the uncertainty–R&D investment relationship and its interactions with firm size," Small Business Economics, Springer, vol. 57(3), pages 1243-1267, October.
    19. Choi, Kyoung Jin & Jeon, Junkee & Koo, Hyeng Keun, 2022. "Intertemporal preference with loss aversion: Consumption and risk-attitude," Journal of Economic Theory, Elsevier, vol. 200(C).
    20. Adela Luque, 2002. "An option-value approach to technology adoption in U.S. manufacturing: Evidence from microdata," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 11(6), pages 543-568.
    21. Junkee Jeon & Kyunghyun Park, 2021. "Portfolio selection with drawdown constraint on consumption: a generalization model," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 93(2), pages 243-289, April.
    22. Egil Matsen & Snorre Lindset, 2007. "Optimal Portfolio Choice and Investment in Education," Working Paper Series 8707, Department of Economics, Norwegian University of Science and Technology.

  28. Ernst R. Berndt & Robert S. Pindyck & Pierre Azoulay, 2000. "Consumption Externalities and Diffusion in Pharmaceutical Markets: Antiulcer Drugs," NBER Working Papers 7772, National Bureau of Economic Research, Inc.

    Cited by:

    1. Lall Ramrattan & Michael Szenberg, 2006. "Global Competition and the United States Pharmaceutical Industry," The American Economist, Sage Publications, vol. 50(2), pages 65-82, October.
    2. Micael Castanheira De Moura & Carmine Ornaghi & Georges Siotis, 2019. "The Unexpected Consequences of Generic Entry," Working Papers ECARES 2019-21, ULB -- Universite Libre de Bruxelles.
    3. Todd D. Gerarden & Richard G. Newell & Robert N. Stavins, 2015. "Assessing the Energy-Efficiency Gap," Working Papers 2015.35, Fondazione Eni Enrico Mattei.
    4. Feng, Yao, 2011. "Local spillovers and learning from neighbors: Evidence from durable adoptions in rural China," MPRA Paper 33924, University Library of Munich, Germany.
    5. Daniel Birke, 2008. "The economics of networks - A survey of the empirical literature," Occasional Papers 22, Industrial Economics Division.
    6. Dalen, Dag Morten & Strøm, Steinar & Haabeth, Tonje, 2005. "Price regulation and generic competition in the pharmaceutical market," Memorandum 33/2005, Oslo University, Department of Economics.
    7. Sternitzke, Christian, 2013. "An exploratory analysis of patent fencing in pharmaceuticals: The case of PDE5 inhibitors," Research Policy, Elsevier, vol. 42(2), pages 542-551.
    8. Suppliet, Moritz, 2017. "Umbrella Branding in Pharmaceutical Markets," Discussion Paper 2017-034, Tilburg University, Tilburg Law and Economic Center.
    9. Ernst Berndt & Iain Cockburn & Karen Grépin, 2006. "The Impact of Incremental Innovation in Biopharmaceuticals," PharmacoEconomics, Springer, vol. 24(2), pages 69-86, December.
    10. Zhao Rong & Lan Wu, 2020. "Withholding Consumption: A Free Riding Perspective on the Diffusion of Color Television in Rural China," Journal of Consumer Affairs, Wiley Blackwell, vol. 54(2), pages 489-516, June.
    11. Margaria, Chiara, 2020. "Learning and payoff externalities in an investment game," Games and Economic Behavior, Elsevier, vol. 119(C), pages 234-250.
    12. Lee G. Branstetter & Chirantan Chatterjee & Matthew Higgins, 2011. "Regulation and Welfare: Evidence from Paragraph IV Generic Entry in the Pharmaceutical Industry," NBER Working Papers 17188, National Bureau of Economic Research, Inc.
    13. Joan-Ramon Borrell, 2007. "Pricing and patents of HIV/AIDS drugs in developing countries," Applied Economics, Taylor & Francis Journals, vol. 39(4), pages 505-518.
    14. Ernst R. Berndt & Robert S. Pindyck & Pierre Azoulay, 2000. "Consumption Externalities and Diffusion in Pharmaceutical Markets: Antiulcer Drugs," NBER Working Papers 7772, National Bureau of Economic Research, Inc.
    15. Peter Arcidiacono & Paul B. Ellickson & Peter Landry & David B. Ridley, 2013. "Pharmaceutical Followers," NBER Working Papers 19522, National Bureau of Economic Research, Inc.
    16. Ching, Andrew, 2008. "Consumer Learning and Heterogeneity: Dynamics of Demand for Prescription Drugs after Patent Expiration," MPRA Paper 7265, University Library of Munich, Germany.
    17. Michal Grajek, 2007. "Estimating network effects and compatibility in mobile telecommunications," ESMT Research Working Papers ESMT-07-001, ESMT European School of Management and Technology.
    18. Dalen, Dag Morten & Sorisio, Enrico & Strøm, Steinar, 2009. "Choosing among Competing Blockbusters: Does the Identity of the Third-party Payer Matter for Prescribing Doctors?," Memorandum 10/2009, Oslo University, Department of Economics.
    19. Sorisio, Enrico & Strøm, Steinar, 2006. "Innovation and market dynamics in the EPO market," Memorandum 12/2006, Oslo University, Department of Economics.
    20. David B. Ridley, 2015. "Payments, Promotion, And The Purple Pill," Health Economics, John Wiley & Sons, Ltd., vol. 24(1), pages 86-103, January.
    21. Tobias Kretschmer, 2008. "Splintering And Inertia In Network Industries," Journal of Industrial Economics, Wiley Blackwell, vol. 56(4), pages 685-706, December.
    22. David S. Evans & Richard Schmalensee, 2001. "Some Economic Aspects of Antitrust Analysis in Dynamically Competitive Industries," NBER Working Papers 8268, National Bureau of Economic Research, Inc.
    23. Michael Thompson & Steve Thompson, 2006. "Pricing in a market without apparent horizontal differentiation: Evidence from web hosting services," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 15(7), pages 649-663.
    24. Francisco Polidoro, 2020. "Knowledge, routines, and cognitive effects in nonmarket selection environments: An examination of the regulatory review of innovations," Strategic Management Journal, Wiley Blackwell, vol. 41(13), pages 2400-2435, December.
    25. Puneet Manchanda & Ying Xie & Nara Youn, 2008. "The Role of Targeted Communication and Contagion in Product Adoption," Marketing Science, INFORMS, vol. 27(6), pages 961-976, 11-12.
    26. Dag Morten Dalen & Marilena Locatelli & Enrico Sorisio & Steinar Strøm, 2011. "A Probability Approach to Pharmaceutical Demand and Price Setting: Does the Identity of the Third-Party Payer Matters for Prescribing Doctors?," CESifo Working Paper Series 3643, CESifo.
    27. Natalie Mizik & Robert Jacobson, 2004. "Are Physicians ÜEasy MarksÝ? Quantifying the Effects of Detailing and Sampling on New Prescriptions," Management Science, INFORMS, vol. 50(12), pages 1704-1715, December.
    28. Ernst R. Berndt & Patricia M. Danzon & Gregory B. Kruse, 2007. "Dynamic competition in pharmaceuticals: cross-national evidence from new drug diffusion," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 28(4-5), pages 231-250.
    29. Ruiz-Conde, Enar & Wieringa, Jaap E. & Leeflang, Peter S.H., 2014. "Competitive diffusion of new prescription drugs: The role of pharmaceutical marketing investment," Technological Forecasting and Social Change, Elsevier, vol. 88(C), pages 49-63.
    30. Kurt Brekke & Dag Dalen & Tor Holmås, 2014. "Diffusion of pharmaceuticals: cross-country evidence of anti-TNF drugs," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 15(9), pages 937-951, December.
    31. Daniel Birke, 2010. "Network effects, network structure and consumer interaction in mobile telecommunications in Europe and Asia," Post-Print hal-00870187, HAL.
    32. Pierre Azoulay, 2002. "Do Pharmaceutical Sales Respond to Scientific Evidence?," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 11(4), pages 551-594, December.
    33. Peter J. Klenow, 2003. "Measuring consumption growth: the impact of new and better products," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 27(Win), pages 10-23.
    34. Ching, Andrew & Ishihara, Masakazu, 2007. "The Effects of Detailing on Prescribing Decisions under Two-Sided Learning," MPRA Paper 4935, University Library of Munich, Germany.
    35. Rong, Zhao, 2011. "Free riding and durable adoption: a test of color television consumption in rural China," MPRA Paper 33434, University Library of Munich, Germany.
    36. Peters, Kay & Albers, Sönke & Kumar, V., 2008. "Is there more to international Diffusion than Culture? An investigation on the Role of Marketing and Industry Variables," EconStor Preprints 27678, ZBW - Leibniz Information Centre for Economics.
    37. Kremer, Sara T.M. & Bijmolt, Tammo H.A. & Leeflang, Peter S.H. & Wieringa, Jaap E., 2008. "Generalizations on the effectiveness of pharmaceutical promotional expenditures," International Journal of Research in Marketing, Elsevier, vol. 25(4), pages 234-246.
    38. Grajek, Michal, 2010. "Estimating network effects and compatibility: Evidence from the Polish mobile market," Information Economics and Policy, Elsevier, vol. 22(2), pages 130-143, May.
    39. Richard G. Frank & Ernst R. Berndt & Alisa B. Busch, 2003. "Quality-Constant Price Indexes for the Ongoing Treatment of Schizophrenia: An Exploratory Study," NBER Working Papers 10022, National Bureau of Economic Research, Inc.
    40. Katharina Elisabeth Blankart & Tom Stargardt, 2020. "The impact of drug quality ratings from health technology assessments on the adoption of new drugs by physicians in Germany," Health Economics, John Wiley & Sons, Ltd., vol. 29(S1), pages 63-82, October.
    41. Nosal, K., 2016. "Physician Group Practices and Technology Diffusion: Evidence from New Antidiabetic Drugs," Health, Econometrics and Data Group (HEDG) Working Papers 16/22, HEDG, c/o Department of Economics, University of York.
    42. Jaffe, Adam B. & Newell, Richard G. & Stavins, Robert N., 2003. "Chapter 11 Technological change and the environment," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 1, chapter 11, pages 461-516, Elsevier.
    43. Charles Z. Liu & Chris F. Kemerer & Michael D. Smith, 2007. "Standards Competition In The Presence Of Digital Conversion Technology: An Empirical Analysis Of The Flash Memory Card Market," Working Papers 07-17, NET Institute, revised Sep 2007.
    44. Kang, Hyo & Song, Jaeyong, 2017. "Innovation and recurring shifts in industrial leadership: Three phases of change and persistence in the camera industry," Research Policy, Elsevier, vol. 46(2), pages 376-387.
    45. Kitamura, Hiroshi & Miyaoka, Akira & Sato, Misato, 2013. "Free entry, market diffusion, and social inefficiency with endogenously growing demand," Journal of the Japanese and International Economies, Elsevier, vol. 29(C), pages 98-116.
    46. Jaison R. Abel & Ernst R. Berndt & Alan G. White, 2003. "Price Indexes for Microsoft's Personal Computer Software Products," NBER Working Papers 9966, National Bureau of Economic Research, Inc.

  29. Pindyck, Robert S., 1998. "The long-run evolution of energy prices," Working papers WP 4044-98., Massachusetts Institute of Technology (MIT), Sloan School of Management.

    Cited by:

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    1. Antonio Cabrales & Sergi Jiménez-Martín, 2008. "The Determinants of Pricing in Pharmaceuticals: Are U.S. prices really so high?," Working Papers 2008-18, FEDEA.
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    4. Javier Coronado & Sergi Jiménez-Martín & Pedro Marín, 2014. "An empirical analysis of the multimarket contact theory in pharmaceutical markets," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 15(6), pages 623-643, July.
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    6. K. Andersson & Ø Foros & F. Steen, 2009. "Text and voice: complements, substitutes or both?," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 18(6), pages 1231-1247, December.
    7. Fang, Di & Richards, Timothy, 2016. "New Maize Variety Adoption in Mozambique: A Spatial Approach," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235388, Agricultural and Applied Economics Association.
    8. Joan-Ramon Borrell, 2007. "Pricing and patents of HIV/AIDS drugs in developing countries," Applied Economics, Taylor & Francis Journals, vol. 39(4), pages 505-518.
    9. Jinhua Zhao, 2005. "The Role of Information in Technology Adoption under Poverty," WIDER Working Paper Series RP2005-41, World Institute for Development Economic Research (UNU-WIDER).
    10. Jonathan Skinner & Douglas Staiger, 2007. "Technology Adoption from Hybrid Corn to Beta-Blockers," NBER Chapters, in: Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches, pages 545-570, National Bureau of Economic Research, Inc.
    11. Matthew Shum, 1998. "Characterizing Informational Barriers To Entry In The Anti-Ulcer Drug Market," Working Papers mshum-98-03, University of Toronto, Department of Economics.
    12. Desiraju, Ramarao & Nair, Harikesh S. & Chintagunta, Pradeep, 2004. "Diffusion of New Pharmaceutical Drugs in Developing and Developed Nations," Research Papers 1950, Stanford University, Graduate School of Business.
    13. Joan-Ramon Borrell & Jayashree Watal, 2002. "Impact of Patents on Access to HIV/AIDS Drugs in Developing Countries," CID Working Papers 92, Center for International Development at Harvard University.
    14. Moretto, Michele, 2000. "Irreversible investment with uncertainty and strategic behavior," Economic Modelling, Elsevier, vol. 17(4), pages 589-617, December.

  31. Pindyck, Robert S., 1998. "Irreversibilities and the timing of environmental policy," Working papers WP 4047-98., Massachusetts Institute of Technology (MIT), Sloan School of Management.

    Cited by:

    1. Golub,Alexander Alexandrovich & Toman,Michael A., 2016. "Economic structural change as an option for mitigating the impacts of climate change," Policy Research Working Paper Series 7637, The World Bank.
    2. Katrin Millock & Céline Nauges, 2008. "The Effect of Uncertainty on Pollution Abatement Investments: Measuring Hurdle Rates for Swedish Industry," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00343702, HAL.
    3. Lucas Bretschger & Nujin Suphaphiphat, 2012. "Use Less, Pay More: Can Climate Policy Address the Unfortunate Event for Being Poor?," CER-ETH Economics working paper series 12/166, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    4. Matteo Basei & Giorgio Ferrari & Neofytos Rodosthenous, 2023. "Uncertainty over Uncertainty in Environmental Policy Adoption: Bayesian Learning of Unpredictable Socioeconomic Costs," Papers 2304.10344, arXiv.org, revised Feb 2024.
    5. Katrin Millock & Céline Nauges & Åsa Löfgren, 2007. "Using Ex Post Data to Estimate the Hurdle Rate of Abatement Investments – An Application to the Swedish Pulp and Paper Industry and Energy Sector," Post-Print halshs-00272041, HAL.
    6. Golub, Alexander & Anda, Jon & Markandya, Anil & Brody, Michael & Celovic, Aldin & Kedaitiene, Angele, 2022. "Climate alpha and the global capital market," FEEM Working Papers 322792, Fondazione Eni Enrico Mattei (FEEM).
    7. Ohyama, Atsuyuki & Tsujimura, Motoh, 2008. "Induced effects and technological innovation with strategic environmental policy," European Journal of Operational Research, Elsevier, vol. 190(3), pages 834-854, November.
    8. Patrick Warren & Tom Wilkening, 2010. "Regulatory Fog: The Informational Origins of Regulatory Persistence," Department of Economics - Working Papers Series 1113, The University of Melbourne.
    9. Pablo Garcia Sanchez, 2022. "On climate tail risks," BCL working papers 164, Central Bank of Luxembourg.
    10. Luis H. R. Alvarez & Erkki Koskela, 2005. "Optimal Harvesting under Resource Stock and Price Uncertainty," CESifo Working Paper Series 1384, CESifo.
    11. Michael Funke & Yu-Fu Chen & Aaron Mehrota, 2011. "Global warming and extreme events: Rethinking the timing and intensity of environment policy," Quantitative Macroeconomics Working Papers 21105, Hamburg University, Department of Economics.
    12. Jeroen Bergh, 2007. "Evolutionary thinking in environmental economics," Journal of Evolutionary Economics, Springer, vol. 17(5), pages 521-549, October.
    13. Giuseppe Attanasi & Aldo Montesano, 2010. "Testing Value vs Waiting Value in Environmental Decisions under Uncertainty," LERNA Working Papers 10.01.307, LERNA, University of Toulouse.
    14. van Soest, Daan P., 2005. "The impact of environmental policy instruments on the timing of adoption of energy-saving technologies," Resource and Energy Economics, Elsevier, vol. 27(3), pages 235-247, October.
    15. Michel De Lara, 2009. "Preferences Yielding the "Precautionary Effect"," Papers 0907.4093, arXiv.org.
    16. Toshiyuki Fujita, 2004. "Design of international environmental agreements under uncertainty," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 6(2), pages 103-118, June.
    17. Giuseppe Travaglini, 2012. "Pollution control: targets and dynamics," Working Papers 1201, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2012.
    18. Nahid Masoudi & Marc Santugini & Georges Zaccour, 2015. "A Dynamic Game of Emissions Pollution with Uncertainty and Learning," Cahiers de recherche 1501, CIRPEE.
    19. Simon Dietz & David Maddison, 2009. "New Frontiers in the Economics of Climate Change," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 43(3), pages 295-306, July.
    20. Agliardi, Elettra & Sereno, Luigi, 2012. "Environmental protection, public finance requirements and the timing of emission reductions," Environment and Development Economics, Cambridge University Press, vol. 17(6), pages 715-739, December.
    21. Peterson, Deborah C., 2006. "Precaution: principles and practice in Australian environmental and natural resource management," Conference Workshop Proceedings 31906, Productivity Commission.
    22. Marita Laukkanen & Anni Huhtala, 2008. "Optimal management of a eutrophied coastal ecosystem: balancing agricultural and municipal abatement measures," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 39(2), pages 139-159, February.
    23. W. Botzen & Jeroen Bergh, 2014. "Specifications of Social Welfare in Economic Studies of Climate Policy: Overview of Criteria and Related Policy Insights," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 58(1), pages 1-33, May.
    24. Marc Gronwald & Janina Ketterer, 2009. "Evaluating emissions trading as a policy instrument," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 62(11), pages 22-25, June.
    25. Warren, Patrick L. & Wilkening, Tom S., 2012. "Regulatory fog: The role of information in regulatory persistence," Journal of Economic Behavior & Organization, Elsevier, vol. 84(3), pages 840-856.
    26. Perrissin Fabert, Baptiste & Espagne, Etienne & Antonin, Pottier & Patrice, Dumas, 2014. "The Comparative Impact of Integrated Assessment Models' Structures on Optimal Mitigation Policies," Climate Change and Sustainable Development 177304, Fondazione Eni Enrico Mattei (FEEM).
    27. Demont, Matty & Wesseler, Justus & Tollens, Eric, 2002. "Biodiversity Versus Transgenic Sugar Beet: The One Euro Question," Working Papers 31859, Katholieke Universiteit Leuven, Centre for Agricultural and Food Economics.
    28. Hammar, Henrik & Löfgren, Åsa, 2007. "Explaining adoption of end of pipe solutions and clean technologies," Working Papers 102, National Institute of Economic Research.
    29. van der Heide, C.M. & Brouwer, Floor M. & Bellon, Stephane & Bockstaller, Christian & Garrod, Guy & Geniaux, Ghislain & Oliveira, Rosario & Smith, Peter & Stapleton, Lee & Weinzaepflen, Emmanuelle & Z, 2007. "Review of approaches to establish reference levels to interpret indicators," Reports 57466, Wageningen University, SEAMLESS: System for Environmental and Agricultural Modelling; Linking European Science and Society.
    30. Giorgio Ferrari & Torben Koch, 2019. "On a strategic model of pollution control," Annals of Operations Research, Springer, vol. 275(2), pages 297-319, April.
    31. Framstad, Nils Chr. & Strand, Jon, 2015. "Energy intensive infrastructure investments with retrofits in continuous time: Effects of uncertainty on energy use and carbon emissions," Resource and Energy Economics, Elsevier, vol. 41(C), pages 1-18.
    32. Strand,Jon, 2015. "Modeling the marginal value of rainforest losses : a dynamic value function approach," Policy Research Working Paper Series 7445, The World Bank.
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    1. Gianluca Baio & Laura Magazzini & Antonio Nicita & Fabio Pammolli & Massimo Riccaboni, 2003. "Il Decreto DL 15/04/2002, n. 63 sul Contenimento della Spesa Farmaceutica - Impatto sull'Industria e Distorsioni nel Funzionamento del Mercato," Working Papers CERM 0-2003, Competitività, Regole, Mercati (CERM).
    2. Jamet, Stephanie, 2004. "Irreversibility, uncertainty and growth," Journal of Economic Dynamics and Control, Elsevier, vol. 28(9), pages 1733-1756, July.
    3. Chawla, Arunish, 2008. "Multinational firms, monopolistic competition and foreign investment uncertainty," LSE Research Online Documents on Economics 19592, London School of Economics and Political Science, LSE Library.
    4. Calderon,Cesar & Loayza,Norman V. & Serven,Luis & Calderon, Cesar*Loayza, Norman*Serven, Luis, 2000. "External sustainability : a stock equilibrium perspective," Policy Research Working Paper Series 2281, The World Bank.
    5. Jurgen Vandenbroucke, 1999. "General trigger values of optimal investment," Applied Economics Letters, Taylor & Francis Journals, vol. 6(5), pages 287-290.
    6. Arunish Chawla, 2008. "Multinational Firms, Monopolistic Competition and Foreign Investment Uncertainty," CEP Discussion Papers dp0866, Centre for Economic Performance, LSE.
    7. Sodal, Sigbjorn, 1998. "A simplified exposition of smooth pasting," Economics Letters, Elsevier, vol. 58(2), pages 217-223, February.

  33. Dixit, Avinash K. & Pindyck, Robert S., 1995. "The new option view of investment," Working papers 3794-95., Massachusetts Institute of Technology (MIT), Sloan School of Management.

    Cited by:

    1. Mr. Fabio Comelli & Mrs. Esther Perez Ruiz, 2016. "To Bet or Not to Bet: Copper Price Uncertainty and Investment in Chile," IMF Working Papers 2016/218, International Monetary Fund.
    2. Wesseler, Justus, 2000. "Temporal Uncertainty And Irreversibility: A Theoretical Framework For The Decision To Approve The Release Of Transgenic Crops," Transitions in Agbiotech: Economics of Strategy and Policy, June 24-25, 1999, Washington, D.C. 26010, Regional Research Project NE-165 Private Strategies, Public Policies, and Food System Performance.
    3. Szolgayová, Jana & Golub, Alexander & Fuss, Sabine, 2014. "Innovation and risk-averse firms: Options on carbon allowances as a hedging tool," Energy Policy, Elsevier, vol. 70(C), pages 227-235.
    4. Wambach, Achim, 2000. "Payback criterion, hurdle rates and the gain of waiting," International Review of Financial Analysis, Elsevier, vol. 9(3), pages 247-258.
    5. Gabriela Cristina Ribeiro Pacheco & Marcus André Siqueira Campos, 2019. "Real Options Analysis as an Economic Evaluation Method for Rainwater Harvesting Systems," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 33(12), pages 4401-4415, September.

  34. Pindyck, Robert S. & Solimano, Andrés., 1993. "Economic instability and aggregate investment," Working papers 3552-93., Massachusetts Institute of Technology (MIT), Sloan School of Management.

    Cited by:

    1. Gennady Bilych, 2013. "Is It Possible to Create Goods from Thin Air Using Money and an Expenditure Multiplier?," Business and Economic Research, Macrothink Institute, vol. 3(2), pages 156-172, December.
    2. Dani Rodrik, 1993. "Taking Trade Policy Seriously: Export Subsidization as a Case Study in Policy Effectiveness," NBER Working Papers 4567, National Bureau of Economic Research, Inc.
    3. Sandra Poncet & Jérôme Héricourt, 2013. "Exchange Rate Volatility, Financial Constraints and Trade: Empirical Evidence from Chinese Firms," PSE - Labex "OSE-Ouvrir la Science Economique" halshs-00960664, HAL.
    4. Joshua Aizenman & Andrew Powell, 1997. "Volatility and Financial Intermediation," NBER Working Papers 6320, National Bureau of Economic Research, Inc.
    5. Alan Carruth & Andy Dickerson & Andrew Henley, 1998. "What Do We Know About Investment Under Uncertainty?," Studies in Economics 9804, School of Economics, University of Kent.
    6. Byrne, Joseph P & Davis, E Philip, 2002. "Investment and Uncertainty in the G7," MPRA Paper 78956, University Library of Munich, Germany.
    7. Girijasankar Mallik & Anis Chowdhury, 2011. "Effect of inflation uncertainty, output uncertainty and oil price on inflation and growth in Australia," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 38(4), pages 414-429, September.
    8. Michael Olabisi, 2020. "Input–Output Linkages and Sectoral Volatility," Economica, London School of Economics and Political Science, vol. 87(347), pages 713-746, July.
    9. Liutang Gong & Heng-fu Zou, 2001. "Military spending and stochastic growth," CEMA Working Papers 57, China Economics and Management Academy, Central University of Finance and Economics.
    10. Christopher F. Baum & Mustafa Caglayan & Oleksandr Talavera, 2006. "On the Sensitivity of Firms' Investment to Cash Flow and Uncertainty," Boston College Working Papers in Economics 638, Boston College Department of Economics, revised 26 Apr 2008.
    11. Jaime Martinez Martin, 2011. "General Equilibrium Long-Run Determinants for Spanish FDI: A Spatial Panel Data Approach," Working Papers 1113, BBVA Bank, Economic Research Department.
    12. Michael Bruno, 1993. "Inflation and Growth in an Integrated Approach," NBER Working Papers 4422, National Bureau of Economic Research, Inc.
    13. Laarni Bulan & Christopher Mayer & C. Tsuriel Somerville, "undated". "Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development," Zell/Lurie Center Working Papers 391, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania.
    14. Shijun Jia & Yourong Wang & Gang-Zhi Fan, 2018. "Home-Purchase Limits and Housing Prices: Evidence from China," The Journal of Real Estate Finance and Economics, Springer, vol. 56(3), pages 386-409, April.
    15. Joshua Aizenman, 1996. "New Activities, the Welfare Cost of Uncertainty and Investment Policies," NBER Working Papers 5825, National Bureau of Economic Research, Inc.
    16. Feng, Chaonan & Han, Liyan & Vigne, Samuel & Xu, Yang, 2023. "Geopolitical risk and the dynamics of international capital flows," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 82(C).
    17. Dearmon, Jacob & Grier, Kevin, 2009. "Trust and development," Journal of Economic Behavior & Organization, Elsevier, vol. 71(2), pages 210-220, August.
    18. Chirwa, Themba Gilbert & Odhiambo, Nicholas Mbaya, 2016. "An empirical test of the exogenous growth models: Evidence from three Southern African countries," Working Papers 21083, University of South Africa, Department of Economics.
    19. Danny Cassimon & Peter-Jan Engelen & Hilde Meersman & Martine Van Wouwe, 2003. "Investment, uncertainty and irreversibility: evidence from Belgian accounting data," Chapters, in: Paul Butzen & Catherine Fuss (ed.), Firms’ Investment and Finance Decisions, chapter 9, pages 194-226, Edward Elgar Publishing.
    20. Ricardo Hausmann & Michael Gavin, 1996. "Securing Stability and Growth in a Shock Prone Region: The Policy Challenge for Latin America," Research Department Publications 4020, Inter-American Development Bank, Research Department.
    21. Goel, Rajeev K. & Budak, Jelena, 2006. "Privatization in transition economies: Privatization scale and country size," Economic Systems, Elsevier, vol. 30(1), pages 98-110, March.
    22. Deng-Shan Wang & Yan Wang & Yifang Liu & Heng-fu Zou, 2009. "Optimal Military Spending, Trade and Stochastic Economic Growth," CEMA Working Papers 373, China Economics and Management Academy, Central University of Finance and Economics.
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    1. Marion, Justin & Muehlegger, Erich J., 2010. "Fuel Tax Incidence and Supply Conditions," Scholarly Articles 4448995, Harvard Kennedy School of Government.
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    7. Chavas, J.-P. & Li, J., 2018. "The Effects of Private Stocks versus Public Stocks on Food Price Volatility," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 275976, International Association of Agricultural Economists.
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    5. Rehman, Mobeen Ur & Vo, Xuan Vinh, 2021. "Energy commodities, precious metals and industrial metal markets: A nexus across different investment horizons and market conditions," Resources Policy, Elsevier, vol. 70(C).

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    1. Michele Moretto & Luca Di Corato, 2009. "Investing in Biogas: Timing, Technological Choice and the Value of Flexibility from Inputs Mix," Working Papers 2009.84, Fondazione Eni Enrico Mattei.
    2. Kuno J.M. Huisman & Peter M. Kort, 2015. "Strategic capacity investment under uncertainty," RAND Journal of Economics, RAND Corporation, vol. 46(2), pages 376-408, June.
    3. N. Letifi & Jean-Luc Prigent, 2014. "On the optimality of funding and hiring/firing according to stochastic demand: The role of growth and shutdown options," Post-Print hal-03679708, HAL.
    4. Chronopoulos, Michail & Hagspiel, Verena & Fleten, Stein–Erik, 2015. "Stepwise Investment and Capacity Sizing under Uncertainty," Discussion Papers 2015/10, Norwegian School of Economics, Department of Business and Management Science.
    5. Kumar, Ram L., 1995. "An options view of investments in expansion-flexible manufacturing systems," International Journal of Production Economics, Elsevier, vol. 38(2-3), pages 281-291, March.
    6. Lander, Diane M. & Pinches, George E., 1998. "Challenges to the Practical Implementation of Modeling and Valuing Real Options," The Quarterly Review of Economics and Finance, Elsevier, vol. 38(3, Part 2), pages 537-567.
    7. Bardia Kamrad & Ricardo Ernst, 2001. "An Economic Model for Evaluating Mining and Manufacturing Ventures with Output Yield Uncertainty," Operations Research, INFORMS, vol. 49(5), pages 690-699, October.
    8. Suárez, Freddy F. & Cusumano, Michael A., 1954- & Fine, Charles H., 1991. "Flexibility and performance : a literature critique and strategic framework," Working papers 3298-91., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    9. Blum, Helcio & Legey, Luiz F.L., 2012. "The challenging economics of energy security: Ensuring energy benefits in support to sustainable development," Energy Economics, Elsevier, vol. 34(6), pages 1982-1989.
    10. Abadie, Luis María & Chamorro Gómez, José Manuel, 2005. "Valuing Flexibility: The case of an Integrated Gasification Combined Cycle Power Plant," IKERLANAK 6483, Universidad del País Vasco - Departamento de Fundamentos del Análisis Económico I.
    11. Wen, X. & Kort, P.M. & Talman, A.J.J., 2015. "Volume Flexibility and Capacity Investment : A Real Options Approach," Other publications TiSEM 1264ebd1-5c19-496f-a11c-6, Tilburg University, School of Economics and Management.
    12. Luca Di Corato & Natalia Montinari, 2013. "Flexible Waste Management under Uncertainty," Working Papers 2013.03, Fondazione Eni Enrico Mattei.
    13. Huang, Ming-Guan, 2009. "Real options approach-based demand forecasting method for a range of products with highly volatile and correlated demand," European Journal of Operational Research, Elsevier, vol. 198(3), pages 867-877, November.
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    22. Oliveira, A. & Couto, G. & Pimentel, P., 2021. "Uncertainty and flexibility in infrastructure investments: Application of real options analysis to the Ponta Delgada airport expansion," Research in Transportation Economics, Elsevier, vol. 90(C).
    23. Huberts, N.F.D. & Dawid, H. & Huisman, K.J.M. & Kort, P.M., 2019. "Entry deterrence by timing rather than overinvestment in a strategic real options framework," European Journal of Operational Research, Elsevier, vol. 274(1), pages 165-185.
    24. M. I. M. Wahab & C. -G. Lee & P. Sarkar, 2023. "A real options approach to value manufacturing flexibilities with regime-switching product demand," Flexible Services and Manufacturing Journal, Springer, vol. 35(3), pages 864-895, September.
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    44. Luca Macedoni & Mingzhi (Jimmy) Xu, 2022. "Flexibility And Productivity: Toward The Understanding Of Firm Heterogeneity," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(3), pages 1055-1108, August.
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    1. Tan Lee & Jyh-Bang Jou, 2010. "Urban Spatial Development: a Real Options Approach," The Journal of Real Estate Finance and Economics, Springer, vol. 40(2), pages 161-187, February.
    2. Nicos Koussis & Spiros Martzoukos & Lenos Trigeorgis, 2007. "Real R&D options with time-to-learn and learning-by-doing," Annals of Operations Research, Springer, vol. 151(1), pages 29-55, April.
    3. Ine Van Robays, 2012. "Macroeconomic Uncertainty and the Impact of Oil Shocks," CESifo Working Paper Series 3937, CESifo.
    4. Yuchen Lin & Daxin Dong & Jiaxin Wang, 2021. "The Negative Impact of Uncertainty on R&D Investment: International Evidence," Sustainability, MDPI, vol. 13(5), pages 1-21, March.
    5. Pindyck, Robert S, 1991. "Irreversibility, Uncertainty, and Investment," Journal of Economic Literature, American Economic Association, vol. 29(3), pages 1110-1148, September.
    6. Emmanuel Petrakis & Eric Rasmusen & Santanu Roy, 1997. "The Learning Curve in a Competitive Industry," RAND Journal of Economics, The RAND Corporation, vol. 28(2), pages 248-268, Summer.
    7. Siebert, Ralph Bernd, 2010. "Learning-by-Doing and Cannibalization Effects at Multi-Vintage Firms: Evidence from the Semiconductor Industry," MPRA Paper 24008, University Library of Munich, Germany.
    8. Jaffe, Adam B. & Newell, Richard G. & Stavins, Robert N., 2001. "Technological Change and the Environment," Discussion Papers 10566, Resources for the Future.
    9. Womer, K. & Li, H. & Camm, J. & Osterman, C. & Radhakrishnan, R., 2017. "Learning and Bayesian updating in long cycle made-to-order (MTO) production," Omega, Elsevier, vol. 69(C), pages 29-42.
    10. Adam B. Jaffe & Richard G. Newell & Robert N. Stavins, 2004. "Technology Policy for Energy and the Environment," NBER Chapters, in: Innovation Policy and the Economy, Volume 4, pages 35-68, National Bureau of Economic Research, Inc.
    11. Liu, Feng & Lv, Tao & Meng, Yuan & Li, Cong & Hou, Xiaoran & Xu, Jie & Deng, Xu, 2023. "Potential analysis of BESS and CCUS in the context of China's carbon trading scheme toward the low-carbon electricity system," Renewable Energy, Elsevier, vol. 210(C), pages 462-471.
    12. Sun, Xiaojie & Tang, Wansheng & Zhang, Jianxiong & Chen, Jing, 2021. "The impact of quantity-based cost decline on supplier encroachment," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 147(C).
    13. Schmeiser, Katherine N., 2012. "Learning to export: Export growth and the destination decision of firms," Journal of International Economics, Elsevier, vol. 87(1), pages 89-97.
    14. Way, Rupert & Lafond, François & Lillo, Fabrizio & Panchenko, Valentyn & Farmer, J. Doyne, 2019. "Wright meets Markowitz: How standard portfolio theory changes when assets are technologies following experience curves," Journal of Economic Dynamics and Control, Elsevier, vol. 101(C), pages 211-238.
    15. Ine Van Robays, 2016. "Macroeconomic Uncertainty and Oil Price Volatility," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 78(5), pages 671-693, October.
    16. Ben Klemens, 2021. "Attributing Value to Patents and Trademarks in Complex Production Chains," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(2), pages 842-875, June.
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    22. Matthias Göcke & Svetlana Fedoseeva, 2016. "Optimal Monopolist Export Pricing with Dynamic Demand and Learning Curve Effects," Open Economies Review, Springer, vol. 27(3), pages 447-469, July.
    23. Fernandes, Rui & Gouveia, Borges & Pinho, Carlos, 2013. "A real options approach to labour shifts planning under different service level targets," European Journal of Operational Research, Elsevier, vol. 231(1), pages 182-189.
    24. Feng Liu & Tao Lv & Yuan Meng & Xiaoran Hou & Jie Xu & Xu Deng, 2022. "Low-Carbon Transition Paths of Coal Power in China’s Provinces under the Context of the Carbon Trading Scheme," Sustainability, MDPI, vol. 14(15), pages 1-14, August.
    25. Siddiqui, Afzal & Fleten, Stein-Erik, 2010. "How to proceed with competing alternative energy technologies: A real options analysis," Energy Economics, Elsevier, vol. 32(4), pages 817-830, July.
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    29. Della Seta, Marco & Gryglewicz, Sebastian & Kort, Peter M., 2012. "Optimal investment in learning-curve technologies," Journal of Economic Dynamics and Control, Elsevier, vol. 36(10), pages 1462-1476.
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    31. Gonzalo Cortazar & Eduardo S. Schwartz & Marcelo Salinas, 1998. "Evaluating Environmental Investments: A Real Options Approach," Management Science, INFORMS, vol. 44(8), pages 1059-1070, August.
    32. Gazheli, Ardjan & van den Bergh, Jeroen, 2018. "Real options analysis of investment in solar vs. wind energy: Diversification strategies under uncertain prices and costs," Renewable and Sustainable Energy Reviews, Elsevier, vol. 82(P3), pages 2693-2704.
    33. Atsuo Utaka, 2001. "The Learning Curve and Durable-Goods Production," Economics Bulletin, AccessEcon, vol. 12(5), pages 1-8.
    34. Haejun Jeon, 2023. "Time-to-build and capacity expansion," Annals of Operations Research, Springer, vol. 328(2), pages 1461-1494, September.
    35. Martzoukos, Spiros H. & Zacharias, Eleftherios, 2013. "Real option games with R&D and learning spillovers," Omega, Elsevier, vol. 41(2), pages 236-249.
    36. Jaffe, Adam B. & Newell, Richard G. & Stavins, Robert N., 2003. "Chapter 11 Technological change and the environment," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 1, chapter 11, pages 461-516, Elsevier.
    37. Sarkar, Sudipto & Zhang, Chuanqian, 2020. "Investment and financing decisions with learning-curve technology," Journal of Banking & Finance, Elsevier, vol. 121(C).
    38. Qin, Ruwen & Nembhard, David A., 2010. "Workforce agility for stochastically diffused conditions--A real options perspective," International Journal of Production Economics, Elsevier, vol. 125(2), pages 324-334, June.

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    Cited by:

    1. Goodness C. Aye & Rangan Gupta & Shawkat Hammoudeh & Won Joong Kim, 2014. "Forecasting the Price of Gold Using Dynamic Model Averaging," Working Papers 201415, University of Pretoria, Department of Economics.
    2. Robert S. Pindyck & Julio J. Rotemberg, 1990. "Do Stock Prices Move Together Too Much?," NBER Working Papers 3324, National Bureau of Economic Research, Inc.
    3. Chiara Casoli & Riccardo (Jack) Lucchetti, 2022. "Permanent-Transitory decomposition of cointegrated time series via dynamic factor models, with an application to commodity prices [Commodity-price comovement and global economic activity]," The Econometrics Journal, Royal Economic Society, vol. 25(2), pages 494-514.
    4. Sipan Aslan & Ceylan Yozgatligil & Cem Iyigun, 2018. "Temporal clustering of time series via threshold autoregressive models: application to commodity prices," Annals of Operations Research, Springer, vol. 260(1), pages 51-77, January.
    5. Liu, Chang & Sun, Xiaolei & Wang, Jun & Li, Jianping & Chen, Jianming, 2021. "Multiscale information transmission between commodity markets: An EMD-Based transfer entropy network," Research in International Business and Finance, Elsevier, vol. 55(C).
    6. Das, Debojyoti & Bhatia, Vaneet & Kumar, Surya Bhushan & Basu, Sankarshan, 2022. "Do precious metals hedge crude oil volatility jumps?," International Review of Financial Analysis, Elsevier, vol. 83(C).
    7. John Baffes & Cristina Savescu, 2014. "Monetary conditions and metal prices," Applied Economics Letters, Taylor & Francis Journals, vol. 21(7), pages 447-452, May.
    8. Vásquez Cordano, Arturo L. & Zellou, Abdel M., 2020. "Super cycles in natural gas prices and their impact on Latin American energy and environmental policies," Resources Policy, Elsevier, vol. 65(C).
    9. Baffes, John, 2007. "Oil spills on other commodities," Resources Policy, Elsevier, vol. 32(3), pages 126-134, September.
    10. Erwin Bulte & Mare Sarr & Tim Swanson, 2010. "On the Looting of Nations," Working Papers 183, Economic Research Southern Africa.
    11. Wang, Yudong & Liu, Li & Wu, Chongfeng, 2020. "Forecasting commodity prices out-of-sample: Can technical indicators help?," International Journal of Forecasting, Elsevier, vol. 36(2), pages 666-683.
    12. Wu, Nan & Wen, Fenghua & Gong, Xu, 2022. "Marionettes behind co-movement of commodity prices: Roles of speculative and hedging activities," Energy Economics, Elsevier, vol. 115(C).
    13. Bakas, Dimitrios & Triantafyllou, Athanasios, 2018. "The impact of uncertainty shocks on the volatility of commodity prices," Journal of International Money and Finance, Elsevier, vol. 87(C), pages 96-111.
    14. Bunda, Irina & Hamann, A. Javier & Lall, Subir, 2009. "Correlations in emerging market bonds: The role of local and global factors," Emerging Markets Review, Elsevier, vol. 10(2), pages 67-96, June.
    15. Ohashi, Kazuhiko & Okimoto, Tatsuyoshi, 2016. "Increasing trends in the excess comovement of commodity prices," Journal of Commodity Markets, Elsevier, vol. 1(1), pages 48-64.
    16. Bekaert, Geert & Harvey, Campbell R., 2003. "Emerging markets finance," Journal of Empirical Finance, Elsevier, vol. 10(1-2), pages 3-56, February.
    17. Ke Tang & Wei Xiong, 2010. "Index Investment and Financialization of Commodities," NBER Working Papers 16385, National Bureau of Economic Research, Inc.
    18. Turhan, M. Ibrahim & Sensoy, Ahmet & Ozturk, Kevser & Hacihasanoglu, Erk, 2014. "A view to the long-run dynamic relationship between crude oil and the major asset classes," International Review of Economics & Finance, Elsevier, vol. 33(C), pages 286-299.
    19. Belke, Ansgar & Bordon, Ingo G. & Volz, Ulrich, 2012. "Effects of Global Liquidity on Commodity and Food Prices," Ruhr Economic Papers 323, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
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    8. Helga Meier & Nicos Christofides & Gerry Salkin, 2001. "Capital Budgeting Under Uncertainty---An Integrated Approach Using Contingent Claims Analysis and Integer Programming," Operations Research, INFORMS, vol. 49(2), pages 196-206, April.
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    10. Laarni Bulan & Christopher Mayer & C. Tsuriel Somerville, "undated". "Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development," Zell/Lurie Center Working Papers 391, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania.
    11. Kumar, Ram L., 1995. "An options view of investments in expansion-flexible manufacturing systems," International Journal of Production Economics, Elsevier, vol. 38(2-3), pages 281-291, March.
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    14. Rainer Niemann & Caren Sureth, 2002. "Taxation under Uncertainty – Problems of Dynamic Programming and Contingent Claims Analysis in Real Option Theory," CESifo Working Paper Series 709, CESifo.
    15. Martins, José & Marques, Rui Cunha & Cruz, Carlos Oliveira, 2014. "Maximizing the value for money of PPP arrangements through flexibility: An application to airports," Journal of Air Transport Management, Elsevier, vol. 39(C), pages 72-80.
    16. Fouilloux, Jessica & Moraux, Franck & Viviani, Jean-Laurent, 2015. "Investing in finite-life carbon emissions reduction program under risk and idiosyncratic uncertainty," Energy Policy, Elsevier, vol. 82(C), pages 310-320.
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    19. Arnd Huchzermeier & Christoph H. Loch, 2001. "Project Management Under Risk: Using the Real Options Approach to Evaluate Flexibility in R...D," Management Science, INFORMS, vol. 47(1), pages 85-101, January.
    20. Julian Kozlowski, 2021. "Long-Term Finance and Investment with Frictional Asset Markets," American Economic Journal: Macroeconomics, American Economic Association, vol. 13(4), pages 411-448, October.
    21. Jukka Lempa, 2020. "Some results on optimal stopping under phase-type distributed implementation delay," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 91(3), pages 559-583, June.
    22. Collan, Mikael, 2004. "Fuzzy Real Investment Valuation Model for Giga-Investments, and a Note on Giga-Investment Lifecycle and Valuation," MPRA Paper 4329, University Library of Munich, Germany.
    23. Hansen, Erwin & Wagner, Rodrigo, 2017. "Stockpiling cash when it takes time to build: Exploring price differentials in a commodity boom," Journal of Banking & Finance, Elsevier, vol. 77(C), pages 197-212.
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    26. Margaret Insley, 2002. "On the option to invest in pollution control under a regime of tradable emissions allowances," Working Papers 02008, University of Waterloo, Department of Economics, revised Jan 2002.
    27. Oh, Hyunseung & Yoon, Chamna, 2020. "Time to build and the real-options channel of residential investment," Journal of Financial Economics, Elsevier, vol. 135(1), pages 255-269.
    28. Don Bredin & John Elder & Stilianos Fountas, 2010. "Oil Volatility and the Option Value of Waiting: An analysis of the G-7," Working Papers 201004, Geary Institute, University College Dublin.
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    30. Nunes, Cláudia & Pimentel, Rita, 2017. "Analytical solution for an investment problem under uncertainties with shocks," European Journal of Operational Research, Elsevier, vol. 259(3), pages 1054-1063.
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    32. Marcel Boyer & Éric Gravel, 2003. "Real Options at Bell Canada," CIRANO Project Reports 2003rp-01, CIRANO.
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Articles

  1. Robert S. Pindyck, 2021. "What We Know and Don’t Know about Climate Change, and Implications for Policy," Environmental and Energy Policy and the Economy, University of Chicago Press, vol. 2(1), pages 4-43.
    See citations under working paper version above.
  2. Ian W R Martin & Robert S Pindyck, 2021. "Welfare Costs of Catastrophes: Lost Consumption and Lost Lives," The Economic Journal, Royal Economic Society, vol. 131(634), pages 946-969.
    See citations under working paper version above.
  3. Pindyck, Robert S., 2019. "The social cost of carbon revisited," Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 140-160.
    See citations under working paper version above.
  4. Franklin, Sergio L. & Pindyck, Robert S., 2018. "Tropical Forests, Tipping Points, and the Social Cost of Deforestation," Ecological Economics, Elsevier, vol. 153(C), pages 161-171.
    See citations under working paper version above.
  5. Robert S. Pindyck, 2017. "The Use and Misuse of Models for Climate Policy," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 11(1), pages 100-114.
    See citations under working paper version above.
  6. Robert S. Pindyck, 2017. "Coase Lecture—Taxes, Targets and the Social Cost of Carbon," Economica, London School of Economics and Political Science, vol. 84(335), pages 345-364, July.

    Cited by:

    1. David Anthoff & Richard S. J. Tol, 2021. "Testing the Dismal Theorem," CESifo Working Paper Series 8939, CESifo.
    2. Robert S. Pindyck, 2016. "The Social Cost of Carbon Revisited," NBER Working Papers 22807, National Bureau of Economic Research, Inc.
    3. Patrick Gruning, 2022. "Fiscal, Environmental, and Bank Regulation Policies in a Small Open Economy for the Green Transition," Working Papers 2022/06, Latvijas Banka.
    4. Lurdes Jesus Ferreira & Luís Pereira Dias & Jieling Liu, 2022. "Adopting Carbon Pricing Tools at the Local Level: A City Case Study in Portugal," Sustainability, MDPI, vol. 14(3), pages 1-20, February.
    5. Richard S.J. Tol, 2019. "A social cost of carbon for (almost) every country," Working Paper Series 0219, Department of Economics, University of Sussex Business School.
    6. Golinucci, Nicolò & Tonini, Francesco & Rocco, Matteo Vincenzo & Colombo, Emanuela, 2023. "Towards BitCO2, an individual consumption-based carbon emission reduction mechanism," Energy Policy, Elsevier, vol. 183(C).
    7. van der Ploeg, Frederick & ,, 2018. "Pricing Carbon Under Economic and Climactic Risks: Leading-Order Results from Asymptotic Analysis," CEPR Discussion Papers 12642, C.E.P.R. Discussion Papers.
    8. Richard S.J. Tol, 2021. "Estimates of the social cost of carbon have not changed over time," Working Paper Series 0821, Department of Economics, University of Sussex Business School.
    9. Richard S. J. Tol, 2020. "Kernel density decomposition with an application to the social cost of carbon," Papers 2003.09276, arXiv.org.
    10. Richard S. J. Tol, 2021. "Estimates of the social cost of carbon have increased over time," Papers 2105.03656, arXiv.org, revised Aug 2022.
    11. Boyce, James K., 2018. "Carbon Pricing: Effectiveness and Equity," Ecological Economics, Elsevier, vol. 150(C), pages 52-61.

  7. Christopher R. Knittel & Robert S. Pindyck, 2016. "The Simple Economics of Commodity Price Speculation," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(2), pages 85-110, April.
    See citations under working paper version above.
  8. Ian W. R. Martin & Robert S. Pindyck, 2015. "Averting Catastrophes: The Strange Economics of Scylla and Charybdis," American Economic Review, American Economic Association, vol. 105(10), pages 2947-2985, October.
    See citations under working paper version above.
  9. Robert S. Pindyck, 2014. "Risk and Return in the Design of Environmental Policy," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 1(3), pages 395-418.

    Cited by:

    1. Ar'anzazu de Juan & Pilar Poncela & Vladimir Rodr'iguez-Caballero & Esther Ruiz, 2022. "Economic activity and climate change," Papers 2206.03187, arXiv.org, revised Jun 2022.
    2. Mark C. Freeman & Gernot Wagner & Richard J. Zeckhauser, 2015. "Climate Sensitivity Uncertainty: When is Good News Bad?," NBER Working Papers 20900, National Bureau of Economic Research, Inc.
    3. Wagner, Gernot & Zeckhauser, Richard J., 2016. "Confronting Deep and Persistent Climate Uncertainty," Working Paper Series 16-025, Harvard University, John F. Kennedy School of Government.
    4. Hambel, Christoph & Kraft, Holger & Schwartz, Eduardo, 2021. "Optimal carbon abatement in a stochastic equilibrium model with climate change," European Economic Review, Elsevier, vol. 132(C).
    5. Christoph Hambel & Holger Kraft & Eduardo Schwartz, 2015. "Optimal Carbon Abatement in a Stochastic Equilibrium Model with Climate Change," NBER Working Papers 21044, National Bureau of Economic Research, Inc.
    6. Hambel, Christoph & Kraft, Holger & Schwartz, Eduardo S., 2019. "Optimal carbon abatement in a stochastic equilibrium model with climate change," SAFE Working Paper Series 92, Leibniz Institute for Financial Research SAFE, revised 2019.
    7. Thomas F. Coleman & Nicole S. Dumont & Wanqi Li & Wenbin Liu & Alexey Rubtsov, 2022. "Optimal Pricing of Climate Risk," Computational Economics, Springer;Society for Computational Economics, vol. 60(3), pages 1101-1134, October.

  10. Kenneth J. Arrow & Maureen L. Cropper & Christian Gollier & Ben Groom & Geoffrey M. Heal & Richard G. Newell & William D. Nordhaus & Robert S. Pindyck & William A. Pizer & Paul R. Portney & Thomas Ste, 2014. "Editor's Choice Should Governments Use a Declining Discount Rate in Project Analysis?," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 8(2), pages 145-163.

    Cited by:

    1. Thomas Buchholz & John Gunn & Bruce Springsteen & Gregg Marland & Max Moritz & David Saah, 2022. "Probability-based accounting for carbon in forests to consider wildfire and other stochastic events: synchronizing science, policy, and carbon offsets," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 27(1), pages 1-21, January.
    2. Richard S.J. Tol, 2018. "The impact of climate change and the social cost of carbon," Working Paper Series 1318, Department of Economics, University of Sussex Business School.
    3. Bård Harstad, 2018. "Pledge-and-Review Bargaining," CESifo Working Paper Series 7296, CESifo.
    4. David Anthoff & Richard S. J. Tol, 2021. "Testing the Dismal Theorem," CESifo Working Paper Series 8939, CESifo.
    5. Peng, Ling & Kloeden, Peter E., 2021. "Time-consistent portfolio optimization," European Journal of Operational Research, Elsevier, vol. 288(1), pages 183-193.
    6. Rick Van der Ploeg & Armon Rezai, 2018. "Simple Rules For Climate Policy And Integrated Assessment," OxCarre Working Papers 213, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    7. Eric Fesselmeyer & Haoming Liu & Alberto Salvo, 2022. "Declining discount rates in Singapore's market for privately developed apartments," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 330-350, March.
    8. Sigit Perdana & Rod Tyers, 2018. "Global climate change mitigation: Strategic incentives," CAMA Working Papers 2018-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    9. Yew-Kwang Ng, 2016. "The Importance of Global Extinction in Climate Change Policy," Global Policy, London School of Economics and Political Science, vol. 7(3), pages 315-322, September.
    10. Chunbo Zhang & Mingming Hu & Xining Yang & Arianna Amati & Arnold Tukker, 2020. "Life cycle greenhouse gas emission and cost analysis of prefabricated concrete building façade elements," Journal of Industrial Ecology, Yale University, vol. 24(5), pages 1016-1030, October.
    11. Nicholas Z. Muller, 2016. "The Derivation of Discount Rates with an Augmented Measure of Income," NBER Working Papers 22579, National Bureau of Economic Research, Inc.
    12. Peter Abelson & Tim Dalton, 2018. "Choosing the Social Discount Rate for Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 51(1), pages 52-67, March.
    13. Harstad, Bård, 2021. "A Theory of Pledge-and-Review Bargaining," Memorandum 5/2022, Oslo University, Department of Economics, revised 21 Jun 2021.
    14. Yongyang Cai, 2020. "The Role of Uncertainty in Controlling Climate Change," Papers 2003.01615, arXiv.org, revised Oct 2020.
    15. Mark C. Freeman & Ben Groom & Ekaterini Panopoulou & Theologos Pantelidis, 2013. "Declining discount rates and the Fisher Effect: Inflated past, discounted future?," GRI Working Papers 109, Grantham Research Institute on Climate Change and the Environment.
    16. Graeme J. Doole & Geoff Kaine & Zack Dorner, 2019. "The optimal diffusion of mitigation options for environmental management," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(2), pages 354-382, April.
    17. Marion Dupoux, 2019. "The land use change time-accounting failure," Post-Print hal-02409626, HAL.
    18. Zhou, Yuwen & Tian, Lixin & Yang, Xiaoguang, 2023. "Schumpeterian endogenous growth model under green innovation and its enculturation effect," Energy Economics, Elsevier, vol. 127(PB).
    19. Green, Gareth P. & Richards, Timothy J., 2018. "Discounting Environmental Goods," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 43(2), May.
    20. Johannes Emmerling, Ben Groom, Tanja Wettingfeld, 2017. "Discounting and the Representative Median Agent," GRI Working Papers 271, Grantham Research Institute on Climate Change and the Environment.
    21. Christian Gollier & Frederick van der Ploeg & Jiakun Zheng, 2022. "The discounting premium puzzle: survey evidence from professional economists," Economics Series Working Papers 976, University of Oxford, Department of Economics.
    22. Justin Contat & Caroline Hopkins & Luis Mejia & Matthew Suandi, 2023. "When Climate Meets Real Estate: A Survey of the Literature," FHFA Staff Working Papers 23-05, Federal Housing Finance Agency.
    23. Richard D. Horan & Eli P. Fenichel & David Finnoff & Carson Reeling, 2018. "A Portfolio-Balancing Approach to Natural Capital and Liabilities: Managing Livestock and Wildlife Diseases with Cross-Species Transmission," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 70(3), pages 673-689, July.
    24. Richard S.J. Tol, 2019. "A social cost of carbon for (almost) every country," Working Paper Series 0219, Department of Economics, University of Sussex Business School.
    25. Monika Foltyn-Zarychta, 2021. "Future-Generation Perception: Equal or Not Equal? Long-Term Individual Discount Rates for Poland," Energies, MDPI, vol. 14(24), pages 1-19, December.
    26. Hänsel, Martin C. & Quaas, Martin F., 2018. "Intertemporal Distribution, Suffciency, and the Social Cost of Carbon," Open Access Publications from Kiel Institute for the World Economy 233103, Kiel Institute for the World Economy (IfW Kiel).
    27. Steffen, Bjarne, 2020. "Estimating the cost of capital for renewable energy projects," Energy Economics, Elsevier, vol. 88(C).
    28. Freeman, Mark C. & Groom, Ben, 2016. "How certain are we about the certainty-equivalent longterm social discount rate?," LSE Research Online Documents on Economics 67258, London School of Economics and Political Science, LSE Library.
    29. Tamai, Toshiki, 2023. "The rate of discount on public investments with future bias in an altruistic overlapping generations model," European Journal of Political Economy, Elsevier, vol. 79(C).
    30. Strulik, Holger, 2017. "Hyperbolic discounting and the time-consistent solution of three canonical environmental problems," University of Göttingen Working Papers in Economics 319, University of Goettingen, Department of Economics, revised 2017.
    31. Geoff Bright & Emily Connors & Joe Grice, 2019. "Measuring natural capital: towards accounts for the UK and a basis for improved decision-making," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 35(1), pages 88-108.
    32. Rafał Buła & Monika Foltyn-Zarychta, 2022. "Declining Discount Rates for Energy Policy Investments in CEE EU Member Countries," Energies, MDPI, vol. 16(1), pages 1-27, December.
    33. Chichilnisky, Graciela & Hammond, Peter J. & Stern, Nicholas, 2020. "Fundamental Utilitarianism and Intergenerational Equity with Extinction Discounting," CAGE Online Working Paper Series 451, Competitive Advantage in the Global Economy (CAGE).
    34. Leurent, Martin & Da Costa, Pascal & Jasserand, Frédéric & Rämä, Miika & Persson, Urban, 2018. "Cost and climate savings through nuclear district heating in a French urban area," Energy Policy, Elsevier, vol. 115(C), pages 616-630.
    35. Michael D. Bauer & Glenn D. Rudebusch, 2023. "The Rising Cost of Climate Change: Evidence from the Bond Market," The Review of Economics and Statistics, MIT Press, vol. 105(5), pages 1255-1270, September.
    36. Rennert, Kevin & Prest, Brian C. & Pizer, William & Newell, Richard G. & Anthoff, David & Kingdon, Cora & Rennels, Lisa & Cooke, Roger & Raftery, Adrian E. & Ševčíková, Hana & Errickson, Frank, 2021. "The Social Cost of Carbon: Advances in Long-Term Probabilistic Projections of Population, GDP, Emissions, and Discount Rates," RFF Working Paper Series 21-28, Resources for the Future.
    37. Alexey Komzolov & Tatiana Kirichenko & Olga Kirichenko & Yulia Nazarova & Natalya Shcherbakova, 2021. "The Problem of Determining Discount Rate for Integrated Investment Projects in the Oil and Gas Industry," Mathematics, MDPI, vol. 9(24), pages 1-13, December.
    38. Christian Gourieroux & Alain Monfort & Jean-Paul Renne, 2022. "Required Capital for Long-Run Risks," Post-Print hal-03865173, HAL.
    39. Therese C. Grijalva & Jayson L. Lusk & Rong Rong & W. Douglass Shaw, 2018. "Convex Time Budgets and Individual Discount Rates in the Long Run," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(1), pages 259-277, September.
    40. Marshall Burke & Melanie Craxton & Charles D. Kolstad & Chikara Onda, 2016. "Some Research Challenges In The Economics Of Climate Change," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 7(02), pages 1-14, May.
    41. Kathrin Goldmann, 2019. "Time-declining risk-adjusted social discount rates for transport infrastructure planning," Transportation, Springer, vol. 46(1), pages 17-34, February.
    42. Jacqueline Adelowo & Mathias Mier & Christoph Weissbart, 2021. "Taxation of Carbon Emissions and Air Pollution in Intertemporal Optimization Frameworks with Social and Private Discount Rates," ifo Working Paper Series 360, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    43. Lloyd-Smith, Patrick & Adamowicz, Wiktor & Entem, Alicia & Fenichel, Eli P. & Rouhi Rad, Mani, 2021. "The decade after tomorrow: Estimation of discount rates from realistic temporal decisions over long time horizons," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 158-174.
    44. Pascoe, Sean & Doshi, Amar & Kovac, Mladen & Austin, Angelica, 2019. "Estimating coastal and marine habitat values by combining multi-criteria methods with choice experiments," Ecosystem Services, Elsevier, vol. 38(C), pages 1-1.
    45. Frederick Ploeg, 2021. "Carbon pricing under uncertainty," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(5), pages 1122-1142, October.
    46. Hammitt, James K., 2020. "Accounting for the distribution of benefits & costs in benefit-cost analysis," TSE Working Papers 20-1116, Toulouse School of Economics (TSE).
    47. James Broughel, 2020. "Cost-Benefit Analysis as a Failure to Learn from the Past," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 35(Spring 20), pages 105-113.
    48. Chichilnisky, Graciela & Hammond, Peter J. & Stern, Nicholas, 2018. "Should We Discount the Welfare of Future Generations? Ramsey and Suppes versus Koopmans and Arrow," The Warwick Economics Research Paper Series (TWERPS) 1174, University of Warwick, Department of Economics.
    49. Graeme Guthrie, 2021. "Discounting, Disagreement, and the Option to Delay," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 80(1), pages 95-133, September.
    50. Rong Rong & Therese C. Grijalva & Jayson Lusk & W. Douglass Shaw, 2019. "Interpersonal discounting," Journal of Risk and Uncertainty, Springer, vol. 58(1), pages 17-42, February.
    51. Mark C. Freeman & Ben Groom, 2013. "How certain are we about the certainty-equivalent long term social discount rate?," GRI Working Papers 138, Grantham Research Institute on Climate Change and the Environment.
    52. Gabriella Maselli & Antonio Nesticò, 2021. "The Role of Discounting in Energy Policy Investments," Energies, MDPI, vol. 14(19), pages 1-18, September.
    53. Katz, Yuri A., 2017. "Value of the distant future: Model-independent results," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 466(C), pages 269-276.
    54. Bluffstone, R. & Coulston, J. & Haight, R.G. & Kline, J. & Polasky, S. & Wear, D.N. & Zook, K., 2017. "Estimated Values of Carbon Sequestration Resulting from Forest Management Scenarios," C-FARE Reports 260680, Council on Food, Agricultural, and Resource Economics (C-FARE).
    55. Quaas, Martin F. & Quaas, Johannes & Rickels, Wilfried & Boucher, Olivier, 2017. "Are there reasons against open-ended research into solar radiation management? A model of intergenerational decision-making under uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 84(C), pages 1-17.
    56. Brazee, Richard J., 2018. "Impacts of declining discount rates on optimal harvest age and land expectation values," Journal of Forest Economics, Elsevier, vol. 31(C), pages 27-38.
    57. Tore Soderqvist & Bilge Bas & Mark de Bel & Arjen Boon & Nilay Elginoz & Rita Garcao & Elias Giannakis & Amerissa Giannouli & Phoebe Koundouri & Aris Moussoulides & Jenny Norrman & Lars Rosen & Jan-Jo, 2017. "Socio-economic Analysis of a Selected Multi-use Offshore Site in the North Sea," DEOS Working Papers 1715, Athens University of Economics and Business.
    58. Chuan-Zhong Li & Ranjula Bali Swain, 2016. "Growth, Water Resilience, and Sustainability: A DSGE Model Applied to South Africa," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 2(04), pages 1-23, December.
    59. Fridstrøm, Lasse & Østli, Vegard, 2017. "The vehicle purchase tax as a climate policy instrument," Transportation Research Part A: Policy and Practice, Elsevier, vol. 96(C), pages 168-189.
    60. Peter Michaelis & Heiko Wirths, 2020. "DICE-RD: an implementation of rate-related damages in the DICE model," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 22(4), pages 555-584, October.
    61. Fesselmeyer, Eric & Liu, Haoming & Salvo, Alberto, 2016. "How Do Households Discount over Centuries? Evidence from Singapore's Private Housing Market," IZA Discussion Papers 9862, Institute of Labor Economics (IZA).
    62. Fraschini, Filippo & Hunt, Alistair & Zoboli, Roberto, 2022. "Decision tools for adaptation to climate change: Portfolio analysis of tea plantation investments in Rwanda," Ecological Economics, Elsevier, vol. 200(C).
    63. Stephen J. DeCanio & Charles F. Manski & Alan H. Sanstad, 2022. "Minimax-Regret Climate Policy with Deep Uncertainty in Climate Modeling and Intergenerational Discounting," NBER Working Papers 29716, National Bureau of Economic Research, Inc.
    64. Monika Foltyn-Zarychta & Rafał Buła & Krystian Pera, 2021. "Discounting for Energy Transition Policies—Estimation of the Social Discount Rate for Poland," Energies, MDPI, vol. 14(3), pages 1-21, January.
    65. Yamaguchi, Rintaro & Shah, Payal, 2020. "Spatial discounting of ecosystem services," Resource and Energy Economics, Elsevier, vol. 62(C).
    66. Penyalver, Domingo & Turró, Mateu & Zavala-Rojas, Diana, 2018. "Intergenerational perception of the utility of major transport projects," Research in Transportation Economics, Elsevier, vol. 70(C), pages 97-111.
    67. Lanlan Luo & Shou Chen & Ziran Zou, 2020. "Determining the Generalized Discount Rate for Risky Projects," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(1), pages 143-158, September.
    68. Asheim, Geir B. & Hartwick, John M. & Yamaguchi, Rintaro, 2023. "Sustainable per capita consumption under population growth," Resource and Energy Economics, Elsevier, vol. 73(C).
    69. Flowers, Mallory E. & Smith, Matthew K. & Parsekian, Ara W. & Boyuk, Dmitriy S. & McGrath, Jenna K. & Yates, Luke, 2016. "Climate impacts on the cost of solar energy," Energy Policy, Elsevier, vol. 94(C), pages 264-273.
    70. Anna M. Dugan & Timo Trimborn, 2020. "The Optimal Extraction of Non-Renewable Resources under Hyperbolic Discounting," Economics Working Papers 2020-17, Department of Economics and Business Economics, Aarhus University.
    71. David Ceballos Hornero & Samuel Mongrut Montalván, 2021. "The Entrepreneurial Social Discount Rate: Risk Premium and Loss Aversion in New Ventures," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 16(4), pages 1-24, Octubre -.

  11. Robert S. Pindyck, 2013. "Climate Change Policy: What Do the Models Tell Us?," Journal of Economic Literature, American Economic Association, vol. 51(3), pages 860-872, September.
    See citations under working paper version above.
  12. Robert S. Pindyck, 2013. "The Climate Policy Dilemma," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 7(2), pages 219-237, July.
    See citations under working paper version above.
  13. Robert S. Pindyck & Neng Wang, 2013. "The Economic and Policy Consequences of Catastrophes," American Economic Journal: Economic Policy, American Economic Association, vol. 5(4), pages 306-339, November.
    See citations under working paper version above.
  14. Pindyck, Robert S., 2012. "Uncertain outcomes and climate change policy," Journal of Environmental Economics and Management, Elsevier, vol. 63(3), pages 289-303.
    See citations under working paper version above.
  15. Robert S. Pindyck, 2011. "Fat Tails, Thin Tails, and Climate Change Policy," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 5(2), pages 258-274, Summer.
    See citations under working paper version above.
  16. Balikcioglu, Metin & Fackler, Paul L. & Pindyck, Robert S., 2011. "Solving optimal timing problems in environmental economics," Resource and Energy Economics, Elsevier, vol. 33(3), pages 761-768, September.

    Cited by:

    1. Zhenya Liu & Yuhao Mu, 2022. "Optimal Stopping Methods for Investment Decisions: A Literature Review," IJFS, MDPI, vol. 10(4), pages 1-23, October.
    2. Agliardi, Elettra & Sereno, Luigi, 2012. "Environmental protection, public finance requirements and the timing of emission reductions," Environment and Development Economics, Cambridge University Press, vol. 17(6), pages 715-739, December.
    3. Fenichel, Eli P. & Horan, Richard D., 2016. "Tinbergen and tipping points: Could some thresholds be policy-induced?," Journal of Economic Behavior & Organization, Elsevier, vol. 132(PB), pages 137-152.
    4. Kevin Berry & Eli P. Fenichel & Brian E Robinson, 2018. "The Ecological Insurance Trap," Working Papers 2018-04, University of Alaska Anchorage, Department of Economics.
    5. Dumortier, Jerome & Kauffman, Nathan & Hayes, Dermot J., 2017. "Production and spatial distribution of switchgrass and miscanthus in the United States under uncertainty and sunk cost," ISU General Staff Papers 201709010700001686, Iowa State University, Department of Economics.
    6. Framstad, Nils Chr. & Strand, Jon, 2015. "Energy intensive infrastructure investments with retrofits in continuous time: Effects of uncertainty on energy use and carbon emissions," Resource and Energy Economics, Elsevier, vol. 41(C), pages 1-18.
    7. Dumortier, Jerome Robert Florian, 2011. "The impact of forest offset credits under a stochastic carbon price on agriculture using a rational expectations and real options framework," ISU General Staff Papers 201101010800001160, Iowa State University, Department of Economics.
    8. Strand, Jon, 2011. "Implications of a lowered damage trajectory for mitigation in a continuous-time stochastic model," Policy Research Working Paper Series 5724, The World Bank.
    9. Framstad, Nils Chr., 2013. "When can environmental profile and emissions reductions be optimized independently of the pollutant level?," Memorandum 12/2013, Oslo University, Department of Economics.
    10. Charles Sims & David Finnoff & Jason F. Shogren, 2016. "Bioeconomics of invasive species: using real options theory to integrate ecology, economics, and risk management," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 8(1), pages 61-70, February.
    11. Dumortier, Jerome, 2012. "Welfare changes associated with forest carbon offset credits in the United States," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124632, Agricultural and Applied Economics Association.
    12. Jaakkola, Niko, 2019. "Carbon taxation, OPEC and the end of oil," Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 101-117.
    13. Agliardi, Elettra & Sereno, Luigi, 2011. "The effects of environmental taxes and quotas on the optimal timing of emission reductions under Choquet–Brownian uncertainty," Economic Modelling, Elsevier, vol. 28(6), pages 2793-2802.
    14. Elettra Agliardi & Luigi Sereno, 2013. "On the Optimal Timing of Switching from non-Renewable to Renewable Resources: Dirty vs Clean Energy Sources and the Relative Efficiency of Generators," Working Paper series 11_13, Rimini Centre for Economic Analysis.
    15. Dumortier, Jerome & Kauffman, Nathan & Hayes, Dermot J., 2015. "Uncertainty and Time-to-Build in Bioenergy Crop Production," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205574, Agricultural and Applied Economics Association.
    16. Charles Sims & Sarah E. Null, 2019. "Climate Forecasts and Flood Mitigation," Southern Economic Journal, John Wiley & Sons, vol. 85(4), pages 1083-1107, April.
    17. Eryilmaz, Derya & Homans, Frances, 2013. "Uncertainty in Renewable Energy Policy: How do Renewable Energy Credit markets and Production Tax Credits affect decisions to invest in renewable energy?," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150018, Agricultural and Applied Economics Association.
    18. Charles Sims & Sarah Null & Josue Medellin-Azuara, 2017. "Hurry up or wait: The effect of climate change and variability on the timing of private adaptation," Working Papers 2017-04, University of Tennessee, Department of Economics.
    19. Eli Fenichel & Timothy Richards & David Shanafelt, 2014. "The Control of Invasive Species on Private Property with Neighbor-to-Neighbor Spillovers," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(2), pages 231-255, October.
    20. Sims, Charles & Finnoff, David, 2013. "When is a “wait and see” approach to invasive species justified?," Resource and Energy Economics, Elsevier, vol. 35(3), pages 235-255.
    21. Tsur, Yacov & Zemel, Amos, 2012. "Dynamic and stochastic analysis of environmental and natural resources," Discussion Papers 120017, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    22. Carmen Schiel & Simon Glöser-Chahoud & Frank Schultmann, 2019. "A real option application for emission control measures," Journal of Business Economics, Springer, vol. 89(3), pages 291-325, April.
    23. Sims, Charles & Finnoff, David & O’Regan, Suzanne M., 2016. "Public control of rational and unpredictable epidemics," Journal of Economic Behavior & Organization, Elsevier, vol. 132(PB), pages 161-176.
    24. Mosiño, Alejandro, 2012. "Producing energy in a stochastic environment: Switching from non-renewable to renewable resources," Resource and Energy Economics, Elsevier, vol. 34(4), pages 413-430.
    25. Travaglini, Giuseppe, 2015. "Nonlinear dynamic pollution under uncertainty and binding targets," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 108(C), pages 175-183.

  17. Pindyck Robert S., 2007. "Mandatory Unbundling and Irreversible Investment in Telecom Networks," Review of Network Economics, De Gruyter, vol. 6(3), pages 1-25, September.
    See citations under working paper version above.
  18. Robert S. Pindyck, 2004. "Volatility and commodity price dynamics," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 24(11), pages 1029-1047, November.

    Cited by:

    1. Sipan Aslan & Ceylan Yozgatligil & Cem Iyigun, 2018. "Temporal clustering of time series via threshold autoregressive models: application to commodity prices," Annals of Operations Research, Springer, vol. 260(1), pages 51-77, January.
    2. Kemp-Benedict, Eric, 2012. "Material needs and aggregate demand," MPRA Paper 39960, University Library of Munich, Germany.
    3. Jonathan A. Batten & Cetin Ciner & Brian M. Lucey, 2014. "Which Precious Metals Spill Over on Which, When and Why? – Some Evidence," The Institute for International Integration Studies Discussion Paper Series iiisdp460, IIIS.
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  19. Ernst R. Berndt & Robert S. Pindyck & Pierre Azoulay, 2003. "Consumption Externalities and Diffusion in Pharmaceutical Markets: Antiulcer Drugs," Journal of Industrial Economics, Wiley Blackwell, vol. 51(2), pages 243-270, June.
    See citations under working paper version above.
  20. Pindyck, Robert S., 2002. "Optimal timing problems in environmental economics," Journal of Economic Dynamics and Control, Elsevier, vol. 26(9-10), pages 1677-1697, August.

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    1. Klaus Mittenzwei & David S. Bullock & Klaus Salhofer, 2012. "Towards a theory of policy timing," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 56(4), pages 583-596, October.
    2. Park, Hojeong, 2012. "Real option analysis for effects of emission permit banking on investment under abatement cost uncertainty," Economic Modelling, Elsevier, vol. 29(4), pages 1314-1321.
    3. Richard S. J. Tol & In Chang Hwang & Frédéric Reynès, 2012. "The Effect of Learning on Climate Policy under Fat-tailed Uncertainty," Working Paper Series 5312, Department of Economics, University of Sussex Business School.
    4. Dorota Korenik & Maria Węgrzyn, 2020. "Public Policy Timing in a Sustainable Approach to Shaping Public Policy," Sustainability, MDPI, vol. 12(7), pages 1-18, March.
    5. Yang, Shuai & Yuan, Jun & Nian, Victor & Li, Lu & Li, Hailong, 2022. "Economics of marinised offshore charging stations for electrifying the maritime sector," Applied Energy, Elsevier, vol. 322(C).
    6. Katrin Millock & Céline Nauges, 2008. "The Effect of Uncertainty on Pollution Abatement Investments: Measuring Hurdle Rates for Swedish Industry," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00343702, HAL.
    7. Maria A. Cunha-e-Sá & Ana Balcão Reis & Catarina Roseta-Palma, 2004. "Technology Adoption in Nonrenewable Resource Management," Economic Working Papers at Centro de Estudios Andaluces E2004/16, Centro de Estudios Andaluces.
    8. Jin, Wei & Zhang, ZhongXiang, 2015. "On the Mechanism of International Technology Diffusion for Energy Technological Progress," Climate Change and Sustainable Development 200261, Fondazione Eni Enrico Mattei (FEEM).
    9. Katrin Millock & Céline Nauges & Åsa Löfgren, 2007. "Using Ex Post Data to Estimate the Hurdle Rate of Abatement Investments – An Application to the Swedish Pulp and Paper Industry and Energy Sector," Post-Print halshs-00272041, HAL.
    10. Ohyama, Atsuyuki & Tsujimura, Motoh, 2008. "Induced effects and technological innovation with strategic environmental policy," European Journal of Operational Research, Elsevier, vol. 190(3), pages 834-854, November.
    11. Pablo Garcia Sanchez, 2022. "On climate tail risks," BCL working papers 164, Central Bank of Luxembourg.
    12. Luis H. R. Alvarez & Erkki Koskela, 2005. "Optimal Harvesting under Resource Stock and Price Uncertainty," CESifo Working Paper Series 1384, CESifo.
    13. Michael Funke & Yu-Fu Chen & Aaron Mehrota, 2011. "Global warming and extreme events: Rethinking the timing and intensity of environment policy," Quantitative Macroeconomics Working Papers 21105, Hamburg University, Department of Economics.
    14. van Soest, Daan P., 2005. "The impact of environmental policy instruments on the timing of adoption of energy-saving technologies," Resource and Energy Economics, Elsevier, vol. 27(3), pages 235-247, October.
    15. Toshiyuki Fujita, 2004. "Design of international environmental agreements under uncertainty," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 6(2), pages 103-118, June.
    16. Newbold, Stephen C. & Marten, Alex L., 2014. "The value of information for integrated assessment models of climate change," Journal of Environmental Economics and Management, Elsevier, vol. 68(1), pages 111-123.
    17. Giuseppe Travaglini, 2012. "Pollution control: targets and dynamics," Working Papers 1201, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2012.
    18. Neha Deopa & Daniele Rinaldo, 2020. "Quickest Detection of Ecological Regimes for Natural Resource Management," Papers 2005.11500, arXiv.org, revised Mar 2024.
    19. Stéphane Hallegatte, 2012. "Investment decision-making under deep uncertainty - application to climate change," Post-Print hal-00802049, HAL.
    20. Agliardi, Elettra & Sereno, Luigi, 2012. "Environmental protection, public finance requirements and the timing of emission reductions," Environment and Development Economics, Cambridge University Press, vol. 17(6), pages 715-739, December.
    21. Truong, Chi & Trück, Stefan & Mathew, Supriya, 2018. "Managing risks from climate impacted hazards – The value of investment flexibility under uncertainty," European Journal of Operational Research, Elsevier, vol. 269(1), pages 132-145.
    22. Marc Gronwald & Janina Ketterer, 2009. "Evaluating emissions trading as a policy instrument," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 62(11), pages 22-25, June.
    23. Minoru Nakada, 2006. "Distributional Conflicts and the Timing of Environmental Policy," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 6(1), pages 29-38, March.
    24. Morath, Florian & Elsayyad, May, 2014. "Technology transfers for climate change," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100396, Verein für Socialpolitik / German Economic Association.
    25. Giorgio Ferrari & Torben Koch, 2019. "On a strategic model of pollution control," Annals of Operations Research, Springer, vol. 275(2), pages 297-319, April.
    26. Framstad, Nils Chr. & Strand, Jon, 2015. "Energy intensive infrastructure investments with retrofits in continuous time: Effects of uncertainty on energy use and carbon emissions," Resource and Energy Economics, Elsevier, vol. 41(C), pages 1-18.
    27. Yan, Tingting & Dooley, Kevin J., 2010. "Entry timing in a secondary market: When to trade?," International Journal of Production Economics, Elsevier, vol. 124(1), pages 62-74, March.
    28. Pindyck, Robert S., 2012. "Uncertain outcomes and climate change policy," Journal of Environmental Economics and Management, Elsevier, vol. 63(3), pages 289-303.
    29. Sims, Charles & Finnoff, David, 2012. "The role of spatial scale in the timing of uncertain environmental policy," Journal of Economic Dynamics and Control, Elsevier, vol. 36(3), pages 369-382.
    30. Kijima, Masaaki & Nishide, Katsumasa & Ohyama, Atsuyuki, 2011. "EKC-type transitions and environmental policy under pollutant uncertainty and cost irreversibility," Journal of Economic Dynamics and Control, Elsevier, vol. 35(5), pages 746-763, May.
    31. Donatella Baiardi & Mario Menegatti, 2011. "Pigouvian tax, abatement policies and uncertainty on the environment," Journal of Economics, Springer, vol. 103(3), pages 221-251, July.
    32. Robert S. Pindyck, 2010. "Fat Tails, Thin Tails, and Climate Change Policy," NBER Working Papers 16353, National Bureau of Economic Research, Inc.
    33. Malte Schwoon & Richard S.J. Tol, 2006. "Optimal CO2-abatement with Socio-economic Inertia and Induced Technological Change," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 25-60.
    34. Liu, Shen & Colson, Gregory & Wetzstein, Michael, 2018. "Biodiesel investment in a disruptive tax-credit policy environment," Energy Policy, Elsevier, vol. 123(C), pages 19-30.
    35. Strand, Jon, 2011. "Implications of a lowered damage trajectory for mitigation in a continuous-time stochastic model," Policy Research Working Paper Series 5724, The World Bank.
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    217. Hammoudeh, Shawkat & Li, Huimin & Jeon, Bang, 2003. "Causality and volatility spillovers among petroleum prices of WTI, gasoline and heating oil in different locations," The North American Journal of Economics and Finance, Elsevier, vol. 14(1), pages 89-114, March.
    218. Hélyette Geman & Vu-Nhat Nguyen, 2005. "Soybean Inventory and Forward Curve Dynamics," Management Science, INFORMS, vol. 51(7), pages 1076-1091, July.
    219. Chevallier, Julien & Ielpo, Florian, 2017. "Investigating the leverage effect in commodity markets with a recursive estimation approach," Research in International Business and Finance, Elsevier, vol. 39(PB), pages 763-778.
    220. Vanderson Aparecido Delapedra-Silva & Paula Ferreira & Jorge Cunha & Herbert Kimura, 2021. "Economic Evaluation of Wind Power Projects in a Mix of Free and Regulated Market Environments in Brazil," Energies, MDPI, vol. 14(11), pages 1-18, June.

  22. Pindyck, Robert S., 2000. "Irreversibilities and the timing of environmental policy," Resource and Energy Economics, Elsevier, vol. 22(3), pages 233-259, July.
    See citations under working paper version above.
  23. Dixit, Avinash & Pindyck, Robert S & Sodal, Sigbjorn, 1999. "A Markup Interpretation of Optimal Investment Rules," Economic Journal, Royal Economic Society, vol. 109(455), pages 179-189, April.

    Cited by:

    1. Maarten van Oosterhout & Gijsbert Zwart, 2023. "Distortions in Investment Timing and Quantity in Real Options with Asymmetric Information," De Economist, Springer, vol. 171(4), pages 347-365, December.
    2. Li, Eric A.L., 2014. "Test for the real option in consumer behavior," Research in Economics, Elsevier, vol. 68(1), pages 70-83.
    3. Shackleton, Mark B. & Sodal, Sigbjorn, 2005. "Smooth pasting as rate of return equalization," Economics Letters, Elsevier, vol. 89(2), pages 200-206, November.
    4. Luca Di Corato & Dimitrios Zormpas, 2022. "Investment in farming under uncertainty and decoupled support: a real options approach [A unified model of investment under uncertainty]," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 49(4), pages 876-909.
    5. Pedro Godinho, 2015. "Estimating State-Dependent Volatility of Investment Projects: A Simulation Approach," GEMF Working Papers 2015-02, GEMF, Faculty of Economics, University of Coimbra.
    6. Saphores, Jean-Daniel M. & Shogren, Jason F., 2005. "Managing exotic pests under uncertainty: optimal control actions and bioeconomic investigations," Ecological Economics, Elsevier, vol. 52(3), pages 327-339, February.
    7. Javier Rivas, 2010. "The effects of the market structure on the adoption of evolving technologies," Post-Print hal-00743846, HAL.
    8. Billette de Villemeur, Etienne & Ruble, Richard & Versaevel, Bruno, 2013. "Investment Timing and Vertical Relationships," MPRA Paper 47804, University Library of Munich, Germany.
    9. Sjur Didrik Flåm & Yuri Ermoliev, 2004. "Investment Uncertainty, and Production Games," CESifo Working Paper Series 1191, CESifo.
    10. Levaggi, Rosella & Moretto, Michele & Pertile, Paolo, 2010. "Static and Dynamic Efficiency of Irreversible Health Care Investments under Alternative Payment Rules," Institutions and Markets Papers 98047, Fondazione Eni Enrico Mattei (FEEM).
    11. Davis, Graham A. & Cairns, Robert D., 2012. "Good timing: The economics of optimal stopping," Journal of Economic Dynamics and Control, Elsevier, vol. 36(2), pages 255-265.
    12. Philipp N. Baecker, 2007. "Real Options and Intellectual Property," Lecture Notes in Economics and Mathematical Systems, Springer, number 978-3-540-48264-2, December.
    13. Michele Moretto & Gianpaolo Rossini, 2008. "Entry Strategies of Partnerships versus Conventional Firms," Southern Economic Journal, John Wiley & Sons, vol. 75(1), pages 159-172, July.
    14. Di Corato, Luca & Brady, Mark, 2016. "Passive farming and land development: a real option approach," Working Paper Series 2016:4, Swedish University of Agricultural Sciences, Department Economics.
    15. Chrysovalantis Amountzias, 2021. "Markup cyclicality, competition and liquidity constraints: Evidence from a panel VAR analysis," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 3696-3718, July.
    16. Saphores, Jean-Daniel, 2003. "Harvesting a renewable resource under uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 28(3), pages 509-529, December.
    17. Sascha Mölls & Karl-Heinz Schild, 2012. "Decision-making in sequential projects: expected time-to-build and probability of failure," Review of Quantitative Finance and Accounting, Springer, vol. 39(1), pages 1-25, July.
    18. Chiara D’Alpaos & Michele Moretto & Paola Valbonesi & Sergio Vergalli, 2012. "Time Overruns as Opportunistic Behavior in Public Procurement," Working Papers 2012.78, Fondazione Eni Enrico Mattei.
    19. Piccirilli, Giulio, 2009. "Contingent worksharing," Research in Economics, Elsevier, vol. 63(2), pages 135-143, June.
    20. Michele Moretto & Gianpaolo Rossini, 2007. "Partnerships vs. Firms Entry Strategies," "Marco Fanno" Working Papers 0049, Dipartimento di Scienze Economiche "Marco Fanno".
    21. Yishay D. Maoz, 2005. "More on Bernanke's “Bad News Principle”," General Economics and Teaching 0510002, University Library of Munich, Germany.
    22. Michele Moretto & Gianpaolo Rossini, 2008. "Are Workers Enterprises Entry Policies Conventional?," "Marco Fanno" Working Papers 0066, Dipartimento di Scienze Economiche "Marco Fanno".
    23. Marco Antonio Guimaraes Dias & Jose Paulo Teixeira, 2010. "Continuous-Time Option Games: Review of Models and Extensions," Multinational Finance Journal, Multinational Finance Journal, vol. 14(3-4), pages 219-254, September.
    24. Dean Paxson, 2005. "Multiple State Property Options," The Journal of Real Estate Finance and Economics, Springer, vol. 30(4), pages 341-368, June.
    25. Sødal, Sigbjørn, 2001. "Entry, Exit And Scrapping Decisions With Investment Lags: A Series Of Investment Models Based On A New Approach," University of California at Santa Barbara, Economics Working Paper Series qt7wg8z42b, Department of Economics, UC Santa Barbara.
    26. Eric A. L. Li, 2017. "Factors Affecting Delay Discounting—The Real Option Approach," International Journal of Psychological Studies, Canadian Center of Science and Education, vol. 9(2), pages 1-96, June.
    27. Seung Dong You, 2014. "The Leveraged City," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 42(4), pages 1042-1066, December.
    28. Marco Buso & Michele Moretto & Dimitrios Zormpas, 2020. "Excess returns in Public-Private Partnerships: Do governments pay too much?," "Marco Fanno" Working Papers 0246, Dipartimento di Scienze Economiche "Marco Fanno".
    29. Joshua R. Hendrickson & Alexander William Salter, 2016. "A Theory of Why the Ruthless Revolt," Economics and Politics, Wiley Blackwell, vol. 28(3), pages 295-316, November.
    30. Vadim Arkin & Alexander Slastnikov, 2015. "Real Options and Threshold Strategies," Papers 1511.00468, arXiv.org.
    31. Sodal, Sigbjorn, 2006. "Entry and exit decisions based on a discount factor approach," Journal of Economic Dynamics and Control, Elsevier, vol. 30(11), pages 1963-1986, November.
    32. Edward M. Graham, 2001. "Subsidies, Market Closure, Cross-Border Investment, and Effects on Competition: The Case of FDI in the Telecommunications Sector," Working Paper Series WP01-2, Peterson Institute for International Economics.
    33. Jean-Daniel Saphores, 2004. "Barriers and Optimal Investment," GE, Growth, Math methods 0410009, University Library of Munich, Germany.
    34. Kenc, Turalay & Driver, Ciaran, 2020. "Leverage, uncertainty and investment decisions," Economics Letters, Elsevier, vol. 190(C).
    35. Luca Di Corato & Tsegaye Ginbo, 2020. "Climate change and coffee farm relocation in Ethiopia: a real-options approach," Working Papers 2020:02, Department of Economics, University of Venice "Ca' Foscari".
    36. Manolis G. Kavussanos & Andrianos E. Tsekrekos, 2011. "The Option to Change the Flag of a Vessel," Chapters, in: Kevin Cullinane (ed.), International Handbook of Maritime Economics, chapter 3, Edward Elgar Publishing.
    37. Shackleton, Mark B. & Sødal, Sigbjørn, 2010. "Harvesting and recovery decisions under uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 34(12), pages 2533-2546, December.
    38. Jostein Tvedt, 2022. "Optimal Entry and Exit Decisions Under Uncertainty and the Impact of Mean Reversion," SN Operations Research Forum, Springer, vol. 3(4), pages 1-21, December.
    39. Di Corato, Luca & Zormpas, Dimitrios, 2017. "Should I farm or should I not?," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 261110, European Association of Agricultural Economists.
    40. Saphores, Jean-Daniel M. & Boarnet, Marlon G., 2006. "Uncertainty and the timing of an urban congestion relief investment.: The no-land case," Journal of Urban Economics, Elsevier, vol. 59(2), pages 189-208, March.
    41. Dimitrios Zormpas, 2021. "Jointly Held Investment Options and Vertical Relationships," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 58(4), pages 513-530, June.
    42. Sodal, Sigbjorn, 2002. "The stochastic rotation problem: A comment," Journal of Economic Dynamics and Control, Elsevier, vol. 26(3), pages 509-515, March.

  24. Robert S. Pindyck, 1999. "The Long-Run Evolutions of Energy Prices," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 1-27.
    See citations under working paper version above.
  25. Caballero, Ricardo J & Pindyck, Robert S, 1996. "Uncertainty, Investment, and Industry Evolution," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(3), pages 641-662, August.
    See citations under working paper version above.
  26. Andrew B. Abel & Avinash K. Dixit & Janice C. Eberly & Robert S. Pindyck, 1996. "Options, the Value of Capital, and Investment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 111(3), pages 753-777.
    See citations under working paper version above.
  27. Davis, Graham A., 1996. "Investment under uncertainty : Avinash K Dixit and Robert S Pindyck Princeton University Press, Princeton, NJ, 1994, xiv + 468 pp (hardcover), ISBN 0-691-03410-9," Resources Policy, Elsevier, vol. 22(3), pages 218-218, September.

    Cited by:

    1. Vivek Ghosal, 2003. "Impact of Uncertainty and Sunk Costs on Firm Survival and Industry Dynamics," CIG Working Papers SP II 2003-12, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
    2. Vivek Ghosal, 2003. "Endemic Volatility of Firms and Establishments: Are Real Options Effects Important?," CIG Working Papers SP II 2003-13, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
    3. Svetlana Boyarchenko & Sergei Levendorskii, 2004. "Real options and the universal bad news principle," Finance 0405011, University Library of Munich, Germany.
    4. Svetlana Boyarchenko & Sergei Levendorskii, 2004. "Universal bad news principle and pricing of options on dividend-paying assets," Papers cond-mat/0404108, arXiv.org.
    5. Jacco Thijssen & Kuno Huisman & Peter Kort, 2006. "The effects of information on strategic investment and welfare," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 28(2), pages 399-424, June.

  28. Kaslow, Thomas W. & Pindyck, Robert S., 1994. "Valuing flexibility in utility planning," The Electricity Journal, Elsevier, vol. 7(2), pages 60-65, March.

    Cited by:

    1. Eric Dahlgren & Tim Leung, 2015. "An Optimal Multiple Stopping Approach to Infrastructure Investment Decisions," Papers 1502.00861, arXiv.org.
    2. Felder, Frank A, 1996. "Integrating financial theory and methods in electricity resource planning," Energy Policy, Elsevier, vol. 24(2), pages 149-154, February.
    3. Frank Felder & Ruthanne Haut, 2008. "Balancing alternatives and avoiding false dichotomies to make informed U.S. electricity policy," Policy Sciences, Springer;Society of Policy Sciences, vol. 41(2), pages 165-180, June.
    4. Venetsanos, Konstantinos & Angelopoulou, Penelope & Tsoutsos, Theocharis, 2002. "Renewable energy sources project appraisal under uncertainty: the case of wind energy exploitation within a changing energy market environment," Energy Policy, Elsevier, vol. 30(4), pages 293-307, March.
    5. Burtraw, Dallas, 1995. "Cost Savings sans Allowance Trades? Evaluating the SO2 Emission Trading Program to Date," RFF Working Paper Series dp-95-30-rev, Resources for the Future.
    6. Kumbaroglu, Gürkan & Madlener, Reinhard & Demirel, Mustafa, 2008. "A real options evaluation model for the diffusion prospects of new renewable power generation technologies," Energy Economics, Elsevier, vol. 30(4), pages 1882-1908, July.
    7. Berry, David, 2002. "The market for tradable renewable energy credits," Ecological Economics, Elsevier, vol. 42(3), pages 369-379, September.
    8. Burtraw, Dallas, 2000. "Innovation Under the Tradable Sulfur Dioxide Emission Permits Program in the U.S. Electricity Sector," Discussion Papers 10599, Resources for the Future.
    9. Söderholm, Patrik & Strömberg, Lars, 2003. "A utility-eye view of the CO2 compliance-decision process in the European power-sector," Applied Energy, Elsevier, vol. 75(3-4), pages 183-192, July.
    10. Dallas Burtraw, 1996. "The So2 Emissions Trading Program: Cost Savings Without Allowance Trades," Contemporary Economic Policy, Western Economic Association International, vol. 14(2), pages 79-94, April.

  29. Robert S. Pindyck, 1994. "Inventories and the Short-Run Dynamics of Commodity Prices," RAND Journal of Economics, The RAND Corporation, vol. 25(1), pages 141-159, Spring.
    See citations under working paper version above.
  30. Pindyck, Robert S, 1993. "A Note on Competitive Investment under Uncertainty," American Economic Review, American Economic Association, vol. 83(1), pages 273-277, March.

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    1. Michele Moretto & Sergio Vergalli, 2005. "Migration dynamics," Working Papers ubs0507, University of Brescia, Department of Economics.
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    3. Wuyts, S.H.K. & Colombo, M. & Dutta, S. & Nooteboom, B., 2005. "Empirical Tests of Optimal Cognitive Distance," Discussion Paper 2005-45, Tilburg University, Center for Economic Research.
    4. Al-Yahyaee, Khamis Hamed & Shahzad, Syed Jawad Hussain & Mensi, Walid, 2020. "Tail dependence structures between economic policy uncertainty and foreign exchange markets: Nonparametric quantiles methods," International Economics, Elsevier, vol. 161(C), pages 66-82.
    5. Herbert Brücker, 1995. "Die Privatisierungs- und Sanierungsstrategie der Treuhandanstalt: eine Analyse aus transaktionskostentheoretischer Sicht," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 64(3), pages 444-460.
    6. Rahman, Atiqur & Loulou, Richard, 2001. "Technology acquisition with technological progress: effects of expectations, rivalry and uncertainty," European Journal of Operational Research, Elsevier, vol. 129(1), pages 159-185, February.
    7. Ulrich Hege & Pierre Mella-Barral, 2019. "Bond Exchange Offers or Collective Action Clauses?," EconPol Working Paper 32, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    8. Elena Bontempi & Roberto Golinelli & Giuseppe Parigi, 2007. "Why demand uncertainty curbs investment: Evidence froma a panel of Italian manufacturing firms," Temi di discussione (Economic working papers) 621, Bank of Italy, Economic Research and International Relations Area.
    9. Price, D. H. R. & Beach, R. & Muhlemann, A. P. & Sharp, J. A. & Paterson, A., 1998. "A system to support the enhancement of strategic flexibility in manufacturing enterprises," European Journal of Operational Research, Elsevier, vol. 109(2), pages 362-376, September.
    10. Hanno Dihle, 2015. "Real Options in a Ramsey style Growth Model," Discussion Paper Series 32, Department of International Economic Policy, University of Freiburg, revised Dec 2015.
    11. Eskeland, Gunnar S & Feyzioglu, Tarhan, 1997. "Rationing Can Backfire: The "Day without a Car" in Mexico City," The World Bank Economic Review, World Bank, vol. 11(3), pages 383-408, September.
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    13. Ferracuti, Elia & Stubben, Stephen R., 2019. "The role of financial reporting in resolving uncertainty about corporate investment opportunities," Journal of Accounting and Economics, Elsevier, vol. 68(2).
    14. Mark J. Koetse & Henri L.F. de Groot & Raymond J.G.M. Florax, 2011. "A Meta-Regression Analysis of the Investment–Uncertainty Relationship," Chapters, in: Raymond J.G.M. Florax & Henri L.F. de Groot & Peter Mulder (ed.), Improving Energy Efficiency through Technology, chapter 7, Edward Elgar Publishing.
    15. Paul Butzen & Catherine Fuss & Philip Vermeulen, 2002. "The impact of uncertainty on investment plans," Working Paper Research 24, National Bank of Belgium.
    16. Kala Krishna & Ling Hui Tan & Ram Ranjan, 2002. "Quantity Controls, License Transferability, and the Level of Investment," NBER Working Papers 8796, National Bureau of Economic Research, Inc.
    17. Caruso, Massimo, 2001. "Investment and the persistence of price uncertainty," Research in Economics, Elsevier, vol. 55(2), pages 189-217, June.
    18. Feurstein, Markus & Natter, Martin, 2000. "Fast high precision decision rules for valuing manufacturing flexibility," European Journal of Operational Research, Elsevier, vol. 120(1), pages 108-117, January.
    19. Felder, Frank A, 1996. "Integrating financial theory and methods in electricity resource planning," Energy Policy, Elsevier, vol. 24(2), pages 149-154, February.
    20. Sergio Vergalli, 2008. "The Role of Community in Migration Dynamics," LABOUR, CEIS, vol. 22(3), pages 547-567, September.
    21. Jakob Vesterlund Olsen & Arne Henningsen, 2011. "Investment Utilisation, Adjustment Costs, and Technical Efficiency in Danish Pig Farms," IFRO Working Paper 2011/13, University of Copenhagen, Department of Food and Resource Economics.
    22. Marc Gronwald & Janina Ketterer, 2009. "Evaluating emissions trading as a policy instrument," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 62(11), pages 22-25, June.
    23. L. Gangadharan & A. Farrell & R. Croson, 2005. "Investment Decisions and Emissions Reductions : Results from Experiments in Emissions Trading," Department of Economics - Working Papers Series 942, The University of Melbourne.
    24. Mason, Charles F. & A. Wilmot, Neil, 2014. "Jump processes in natural gas markets," Energy Economics, Elsevier, vol. 46(S1), pages 69-79.
    25. Hammar, Henrik & Löfgren, Åsa, 2007. "Explaining adoption of end of pipe solutions and clean technologies," Working Papers 102, National Institute of Economic Research.
    26. Banerjee, Tannista & Siebert, Ralph, 2017. "Dynamic impact of uncertainty on R&D cooperation formation and research performance: Evidence from the bio-pharmaceutical industry," Research Policy, Elsevier, vol. 46(7), pages 1255-1271.
    27. Ravindra H. Dholakia, 2020. "A Theory of Growth and Threshold Inflation with Estimates," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 18(3), pages 471-493, September.
    28. Catherine Fuss & Philip Vermeulen, 2008. "Firms' investment decisions in response to demand and price uncertainty," Applied Economics, Taylor & Francis Journals, vol. 40(18), pages 2337-2351.
    29. Mason, Charles F., 2011. "On stockpiling natural resources," Resource and Energy Economics, Elsevier, vol. 33(2), pages 398-409, May.
    30. Shen, Huayu & Hou, Fei, 2021. "Trade policy uncertainty and corporate innovation evidence from Chinese listed firms in new energy vehicle industry," Energy Economics, Elsevier, vol. 97(C).
    31. Charles F. Mason, 2011. "Why do Firms Hold Oil Stockpiles?," Working Papers 2011.100, Fondazione Eni Enrico Mattei.
    32. André de Palma & Nathalie Picard & Laetitia Andrieu, 2007. "Risk in Transport investments," THEMA Working Papers 2007-22, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    33. Paul A. de Hek, 2002. "Endogenous Technological Change under Uncertainty," Tinbergen Institute Discussion Papers 02-047/2, Tinbergen Institute, revised 08 Nov 2002.
    34. Andrés Rodríguez-Pose & Vassilis Tselios, 2010. "Inequalities in income and education and regional economic growth in western Europe," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 44(2), pages 349-375, April.
    35. Henley, Andrew & Carruth, Alan & Dickerson, Andy, 2003. "Industry-wide versus firm-specific uncertainty and investment: British company panel data evidence," Economics Letters, Elsevier, vol. 78(1), pages 87-92, January.
    36. Badertscher, Brad & Shroff, Nemit & White, Hal D., 2013. "Externalities of public firm presence: Evidence from private firms' investment decisions," Journal of Financial Economics, Elsevier, vol. 109(3), pages 682-706.
    37. Mash, Richard, 1999. "Irreversible investment and the expected capital stock with stationary uncertainty," Economics Letters, Elsevier, vol. 64(2), pages 193-196, August.
    38. Andrew B. Abel & Janice C. Eberly, 1995. "The Effects of Irreversibility and Uncertainty on Capital Accumulation," NBER Working Papers 5363, National Bureau of Economic Research, Inc.
    39. Peng, Yajun & Shawky, Hany, 1997. "Productivity shocks and capital asset pricing," International Review of Economics & Finance, Elsevier, vol. 6(3), pages 303-316.
    40. Le, Duc Thuc & Jones, John Bailey, 2005. "Optimal investment with lumpy costs," Journal of Economic Dynamics and Control, Elsevier, vol. 29(7), pages 1211-1236, July.
    41. Pindyck, Robert S. & Solimano, Andrés., 1993. "Economic instability and aggregate investment," Working papers 3552-93., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    42. Maud Korley & Evangelos Giouvris, 2022. "The Impact of Oil Price and Oil Volatility Index (OVX) on the Exchange Rate in Sub-Saharan Africa: Evidence from Oil Importing/Exporting Countries," Economies, MDPI, vol. 10(11), pages 1-29, November.
    43. Driver, Ciaran & Guedes, Maria João Coelho, 2012. "Research and development, cash flow, agency and governance: UK large companies," Research Policy, Elsevier, vol. 41(9), pages 1565-1577.
    44. Colombo, Massimo G. & Delmastro, Marco & Grilli, Luca, 2004. "Entrepreneurs' human capital and the start-up size of new technology-based firms," International Journal of Industrial Organization, Elsevier, vol. 22(8-9), pages 1183-1211, November.
    45. Pendharkar, Parag C., 2010. "Valuing interdependent multi-stage IT investments: A real options approach," European Journal of Operational Research, Elsevier, vol. 201(3), pages 847-859, March.
    46. Marzia De Donno & Zbigniew Palmowski & Joanna Tumilewicz, 2020. "Double continuation regions for American and Swing options with negative discount rate in Lévy models," Mathematical Finance, Wiley Blackwell, vol. 30(1), pages 196-227, January.
    47. Kogan, Leonid, 2001. "An equilibrium model of irreversible investment," Journal of Financial Economics, Elsevier, vol. 62(2), pages 201-245, November.
    48. Anna Battauz & Marzia De Donno & Alessandro Sbuelz, 2015. "Real Options and American Derivatives: The Double Continuation Region," Management Science, INFORMS, vol. 61(5), pages 1094-1107, May.
    49. Robert S. Pindyck, 2009. "Sunk Costs and Risk-Based Barriers to Entry," NBER Working Papers 14755, National Bureau of Economic Research, Inc.
    50. Abel, Andrew B. & Eberly, Janice C., 1997. "An exact solution for the investment and value of a firm facing uncertainty, adjustment costs, and irreversibility," Journal of Economic Dynamics and Control, Elsevier, vol. 21(4-5), pages 831-852, May.
    51. Hsu, Jason C. & Schwartz, Eduardo S., 2003. "A Model of R&D Valuation and the Design of Research Incentives," University of California at Los Angeles, Anderson Graduate School of Management qt28j7c9r4, Anderson Graduate School of Management, UCLA.
    52. Yigal Menashe, 2005. "Is the Firm-Level Relationship between Uncertainty and Irreversible Investment Non- Linear?," Bank of Israel Working Papers 2005.12, Bank of Israel.
    53. David Stasavage, 2000. "Private Investment and Political Uncertainty," STICERD - Development Economics Papers - From 2008 this series has been superseded by Economic Organisation and Public Policy Discussion Papers 25, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
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    73. Bu, Hui & Tang, Wenjin & Wu, Junjie, 2019. "Time-varying comovement and changes of comovement structure in the Chinese stock market: A causal network method," Economic Modelling, Elsevier, vol. 81(C), pages 181-204.

  34. He, Hua & Pindyck, Robert S., 1992. "Investments in flexible production capacity," Journal of Economic Dynamics and Control, Elsevier, vol. 16(3-4), pages 575-599.
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  35. Pindyck, Robert S, 1991. "Irreversibility, Uncertainty, and Investment," Journal of Economic Literature, American Economic Association, vol. 29(3), pages 1110-1148, September.
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  36. Pindyck, Robert S & Rotemberg, Julio J, 1990. "The Excess Co-movement of Commodity Prices," Economic Journal, Royal Economic Society, vol. 100(403), pages 1173-1189, December.
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  37. Saman Majd & Robert S. Pindyck, 1989. "The Learning Curve and Optimal Production under Uncertainty," RAND Journal of Economics, The RAND Corporation, vol. 20(3), pages 331-343, Autumn.
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  38. Pindyck, Robert S, 1988. "Irreversible Investment, Capacity Choice, and the Value of the Firm," American Economic Review, American Economic Association, vol. 78(5), pages 969-985, December.
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  39. Pindyck, Robert S, 1988. "Risk Aversion and Determinants of Stock Market Behavior," The Review of Economics and Statistics, MIT Press, vol. 70(2), pages 183-190, May.
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  40. Majd, Saman & Pindyck, Robert S., 1987. "Time to build, option value, and investment decisions," Journal of Financial Economics, Elsevier, vol. 18(1), pages 7-27, March.
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  41. Pindyck, Robert S & Rotemberg, Julio J, 1987. "Are Imports to Blame? Attribution of Injury under the 1974 Trade Act," Journal of Law and Economics, University of Chicago Press, vol. 30(1), pages 101-122, April.
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  42. Pindyck, Robert S., 1987. "On monopoly power in extractive resource markets," Journal of Environmental Economics and Management, Elsevier, vol. 14(2), pages 128-142, June.

    Cited by:

    1. Saraky Andrade de Sa & Julien Daubanes, 2014. "Limit Pricing and the (in)Effectiveness of the Carbon Tax," OxCarre Working Papers 136, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    2. Gregory M. Ellis & Robert Halvorsen, 2002. "Estimation of Market Power in a Nonrenewable Resource Industry," Journal of Political Economy, University of Chicago Press, vol. 110(4), pages 883-899, August.
    3. Weichenrieder, Alfons, 2017. "Should the Global Community Welcome or Mourn New Oil Discoveries?," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168089, Verein für Socialpolitik / German Economic Association.
    4. Sylwia Bialek & Alfons J. Weichenrieder, 2022. "Should the global community welcome new oil discoveries?," Journal of Economics, Springer, vol. 137(3), pages 255-278, December.
    5. Carolyn Fischer & Ramanan Laxminarayan, 2004. "Monopoly extraction of an exhaustible resource with two markets," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 37(1), pages 178-188, February.
    6. Martin L. Weitzman, 1999. "Pricing the Limits to Growth from Minerals Depletion," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(2), pages 691-706.
    7. David Martimort & Jérôme Pouyet & Francesco Ricci, 2018. "Contracts for the Management of a Non-Renewable Resource under Asymmetric Information and Structural Price Breaks," Post-Print hal-02057380, HAL.
    8. Lappi, Pauli, 2020. "A model of optimal extraction and site reclamation," Resource and Energy Economics, Elsevier, vol. 59(C).
    9. Fischer, Carolyn & Laxminarayan, Ramanan, 2005. "Sequential development and exploitation of an exhaustible resource: do monopoly rights promote conservation?," Journal of Environmental Economics and Management, Elsevier, vol. 49(3), pages 500-515, May.
    10. Saraly Andrade de Sa & Julien Daubanes, 2014. "Limit-Pricing and the (Un)Effectiveness of the Carbon Tax," Working Papers 2014.07, FAERE - French Association of Environmental and Resource Economists.

  43. Pindyck, Robert S, 1985. "The Measurement of Monopoly Power in Dynamic Markets," Journal of Law and Economics, University of Chicago Press, vol. 28(1), pages 193-222, April.
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  44. Robert S. Pindyck, 1984. "Uncertainty in the Theory of Renewable Resource Markets," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(2), pages 289-303.

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    2. Ren, Bijie & Polasky, Stephen, 2014. "The optimal management of renewable resources under the risk of potential regime shift," Journal of Economic Dynamics and Control, Elsevier, vol. 40(C), pages 195-212.
    3. José-María Da-Rocha & Jaume Sempere, 2017. "ITQs, Firm Dynamics and Wealth Distribution: Does Full Tradability Increase Inequality?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(2), pages 249-273, October.
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    7. Andre Veiga, 2014. "Dynamic Platform Design," Working Papers 14-15, NET Institute.
    8. Meier, Felix D. & Quaas, Martin F., 2021. "Booming gas – A theory of endogenous technological change in resource extraction," Journal of Environmental Economics and Management, Elsevier, vol. 107(C).
    9. Chen, Shuning & Zhang, Wei & Feng, Xu & Xiong, Xiong, 2020. "Asymmetry of retail investors’ attention and asymmetric volatility: Evidence from China," Finance Research Letters, Elsevier, vol. 36(C).
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    37. Alain AYONG LE KAMA, 2004. "La consommation de ressources environnementales en incertitude," Discussion Papers (REL - Recherches Economiques de Louvain) 2004031, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
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    39. Richard Carson & Clive Granger & Jeremy Jackson & Wolfram Schlenker, 2009. "Fisheries Management Under Cyclical Population Dynamics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 42(3), pages 379-410, March.
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    43. McGough, Bruce & Plantinga, Andrew J. & Provencher, Bill, 2002. "The Dynamic Behavior Of Efficient Timber Prices," Staff Papers 12607, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    44. Bediako, Kwabena & Nkuiya, Bruno, 2022. "Stability of international fisheries agreements under stock growth uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 113(C).
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    47. Koffi Akakpo & Marie-Amélie Boucher & Vincent Boucher, 2018. "Optimal Credible Warnings," Cahiers de recherche CREATE 2018-03, CREATE.
    48. Jose Pizarro & Eduardo S. Schwartz, 2018. "The Valuation of Fisheries Rights: A Real Options Approach," NBER Working Papers 25140, National Bureau of Economic Research, Inc.
    49. Ute Kapaun & Martin Quaas, 2013. "Does the Optimal Size of a Fish Stock Increase with Environmental Uncertainties?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(2), pages 293-310, February.
    50. Tsur, Yacov & Zemel, Amos, 2001. "The infinite horizon dynamic optimization problem revisited: A simple method to determine equilibrium states," European Journal of Operational Research, Elsevier, vol. 131(3), pages 482-490, June.
    51. Jacob LaRiviere & David Kling & James N Sanchirico & Charles Sims & Michael Springborn, 2018. "The Treatment of Uncertainty and Learning in the Economics of Natural Resource and Environmental Management," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 92-112.
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    54. Felipe Isaza Cuervo & Sergio Botero Boterob, 2014. "Aplicación de las opciones reales en la toma de decisiones en los mercados de electricidad," Estudios Gerenciales, Universidad Icesi, November.
    55. Jayawardena, Nirodha I. & Todorova, Neda & Li, Bin & Su, Jen-Je & Gau, Yin-Feng, 2022. "Risk-return trade-off in the Australian Securities Exchange: Accounting for overnight effects, realized higher moments, long-run relations, and fractional cointegration," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 384-401.
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    Cited by:

    1. Robert H. Patrick & Frank A. Wolak, 2001. "Estimating the Customer-Level Demand for Electricity Under Real-Time Market Prices," NBER Working Papers 8213, National Bureau of Economic Research, Inc.
    2. Moreno, Rosina & Lopez-Bazo, Enrique & Artis, Manuel, 2002. "Evaluating the optimality of Spanish industry (1980-1993)," ERSA conference papers ersa02p353, European Regional Science Association.
    3. Galeotti, Marzio & Maccini, Louis J. & Schiantarelli, Fabio, 2005. "Inventories, employment and hours," Journal of Monetary Economics, Elsevier, vol. 52(3), pages 575-600, April.
    4. Chirinko, Robert S., 2008. "[sigma]: The long and short of it," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 671-686, June.
    5. Claudia S. Gómez-López & Luis A.Puch, 2008. "Macroeconomic Consequences of International Commodity Price Shocks," Working Papers 2008-27, FEDEA.
    6. Philip Tomlinson, 2002. "The Real Effects of Transnational Activity upon Investment and Labour Demand within Japan's Machinery Industries," International Review of Applied Economics, Taylor & Francis Journals, vol. 16(2), pages 107-129.
    7. Lott, Margit, 2002. "Further Development of a Computable General Equilibrium-Model for the Long-Run Investigation of Global Impacts of GHG-Mitigation Policies," Conference papers 331058, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    8. Derek Lemoine, 2024. "Innovation-Led Transitions in Energy Supply," American Economic Journal: Macroeconomics, American Economic Association, vol. 16(1), pages 29-65, January.
    9. Rajagopal, Dagmar & Shah, Anwar, 1995. "A rational expectations model for tax policy analysis: An evaluation of tax incentives for the textile, chemical and pharmaceutical industries of Pakistan," Journal of Public Economics, Elsevier, vol. 57(2), pages 249-276, June.
    10. Andrew B. Abel, 1988. "Consumption and Investment," NBER Working Papers 2580, National Bureau of Economic Research, Inc.
    11. Gregory P. Casey, 2022. "Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation," CESifo Working Paper Series 9580, CESifo.
    12. Charlotta Groth, 2005. "Estimating UK capital adjustment costs," Bank of England working papers 258, Bank of England.
    13. Susanto Basu & John Fernald, 2001. "Why Is Productivity Procyclical? Why Do We Care?," NBER Chapters, in: New Developments in Productivity Analysis, pages 225-302, National Bureau of Economic Research, Inc.
    14. William Barnett & Milka Kirova & Meenakshi Pasupathy, 2012. "Technology Modeling: Curvature is not Sufficient for Regularity," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201214, University of Kansas, Department of Economics, revised Sep 2012.
    15. Mukhriz Izraf Azman AZIZ & Nor’Aznin Abu BAKAR, 2013. "Oil Price Fluctuations and Changing Comparative Advantage," Sosyoekonomi Journal, Sosyoekonomi Society, issue 20(20).
    16. Suliman Zakaria S. Abdalla, 2014. "The Impact of Oil Price Fluctuations on the Sudanese Stock Market Performance," Working Papers 887, Economic Research Forum, revised Dec 2014.
    17. Karp, Larry & Paul, Thierry, 2007. "Indeterminacy with environmental and labor dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 18(1), pages 100-119, March.
    18. Tsionas, Mike G. & Malikov, Emir & Kumbhakar, Subal C., 2019. "Endogenous Dynamic Efficiency in the Intertemporal Optimization Models of Firm Behavior," MPRA Paper 97780, University Library of Munich, Germany.
    19. Valerie A. Ramey & Daniel J. Vine, 2011. "Oil, Automobiles, and the US Economy: How Much Have Things Really Changed?," NBER Chapters, in: NBER Macroeconomics Annual 2010, volume 25, pages 333-367, National Bureau of Economic Research, Inc.
    20. Millard, Robert & Withey, Patrick & Lantz, Van & Ochuodho, Thomas O., 2017. "The general equilibrium costs and impacts of oil price shocks in Newfoundland and Labrador," Energy Economics, Elsevier, vol. 68(C), pages 192-198.
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    23. Spierdijk, Laura & Shaffer, Sherrill & Considine, Tim, 2017. "How do banks adjust to changing input prices? A dynamic analysis of U.S. commercial banks before and after the crisis," Journal of Banking & Finance, Elsevier, vol. 85(C), pages 1-14.
    24. Tang, Weiqi & Wu, Libo, 2013. "Efficiency or Equity? Simulating the Carbon Emission Permits Trading Schemes in China Based on an Inter-Regional CGE Model," Conference papers 332325, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
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    10. Woo‐Jong Lee & Jeffrey Pittman & Walid Saffar, 2020. "Political Uncertainty and Cost Stickiness: Evidence from National Elections around the World," Contemporary Accounting Research, John Wiley & Sons, vol. 37(2), pages 1107-1139, June.
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    7. Afflerbach, Patrick & Fridgen, Gilbert & Keller, Robert & Rathgeber, Andreas W. & Strobel, Florian, 2014. "The by-product effect on metal markets – New insights to the price behavior of minor metals," Resources Policy, Elsevier, vol. 42(C), pages 35-44.
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    1. Devarajan, Shantayanan & Fisher, Anthony C, 1981. "Hotelling's "Economics of Exhaustible Resources": Fifty Years Later," Journal of Economic Literature, American Economic Association, vol. 19(1), pages 65-73, March.
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    2. Clemens Haftendorn & Claudia Kemfert & Franziska Holz, 2011. "What about Coal?: Interactions between Climate Policies and the Global Steam Coal Market until 2030," Discussion Papers of DIW Berlin 1146, DIW Berlin, German Institute for Economic Research.
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    2. Payne, James E. & Loomis, David G. & Wilson, Renardo, 2011. "Residential Natural Gas Demand in Illinois: Evidence from the ARDL Bounds Testing Approach," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 41(2), pages 1-10.
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    1. Zhang, Yanfang & Shi, Xunpeng & Qian, Xiangyan & Chen, Sai & Nie, Rui, 2021. "Macroeconomic effect of energy transition to carbon neutrality: Evidence from China's coal capacity cut policy," Energy Policy, Elsevier, vol. 155(C).
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    6. Francesca Rondina, 2010. "The role of model uncertainty and learning in the U.S. postwar policy response to oil prices," Working Papers 478, Barcelona School of Economics.
    7. Turco, Enrico & Bazzana, Davide & Rizzati, Massimiliano & Ciola, Emanuele & Vergalli, Sergio, 2022. "Energy price shocks and stabilization policies in a multi-agent macroeconomic model for the Euro Area," FEEM Working Papers 324171, Fondazione Eni Enrico Mattei (FEEM).
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    1. Plantinga, Andrew J. & Provencher, Bill, 2001. "Internal Consistency In Models Of Optimal Resource Use Under Uncertainty," 2001 Annual meeting, August 5-8, Chicago, IL 20712, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    4. Wirl, Franz, 2008. "Why do oil prices jump (or fall)?," Energy Policy, Elsevier, vol. 36(3), pages 1029-1043, March.
    5. David S. Jacks & Martin Stuermer, 2016. "What drives commodity price booms and busts?," Working Papers 1614, Federal Reserve Bank of Dallas.
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    7. Junsoo Lee & John A. List & Mark Strazicich, 2005. "Nonrenewable Resource Prices: Deterministic or Stochastic Trends?," NBER Working Papers 11487, National Bureau of Economic Research, Inc.
    8. Sebastian Maier, 2021. "Re-evaluating natural resource investments under uncertainty: An alternative to limited traditional approaches," Annals of Operations Research, Springer, vol. 299(1), pages 907-937, April.
    9. Bell, Peter N, 2015. "Mineral exploration as a game of chance," MPRA Paper 62159, University Library of Munich, Germany.
    10. Tovonony Razafindrabe & Valérie Mignon & Marc Joëts, 2016. "Does the volatility of commodity prices reflects macroeconomic uncertainty?," Post-Print hal-01667080, HAL.
    11. Stürmer, Martin, 2013. "150 years of boom and bust: what drives mineral commodity prices?," IDOS Discussion Papers 5/2013, German Institute of Development and Sustainability (IDOS).
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    25. Vierhaus, Ingmar & van Veldhuizen, Roel & Fügenschuh, Armin, 2017. "Strategic Uncertainty in Markets for Nonrenewable Resources: A Level-k Approach," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 1-8.
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    27. Peng, Jiachao & Xiao, Jianzhong & Zhang, Lian & Wang, Teng, 2020. "The impact of China's ‘Atmosphere Ten Articles’ policy on total factor productivity of energy exploitation: Empirical evidence using synthetic control methods," Resources Policy, Elsevier, vol. 65(C).
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    6. Cronin, M.R., 1979. "Export Demand Elasticities With Less Than Perfect Markets," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 23(1), pages 1-4, April.
    7. Gérard Gaudet, 2007. "Natural resource economics under the rule of Hotelling," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 40(4), pages 1033-1059, November.
    8. Mahesh Nagarajan & Greys Soši'{c}, 2007. "Stable Farsighted Coalitions in Competitive Markets," Management Science, INFORMS, vol. 53(1), pages 29-45, January.
    9. Stephen Derrick & Daina McDonald & Phyllis Rosendale, 1981. "The Development of Energy Resources in Australia: 1981 to 1990," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 14(3), pages 13-55, October.
    10. Margaret E. Slade & Henry Thille, 2009. "Whither Hotelling: Tests of the Theory of Exhaustible Resources," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 239-259, September.
    11. Stoeckel, Andrew B., 1979. "Some General Equilibrium Effects Of Mining Growth On The Economy," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 23(1), pages 1-22, April.

  60. Pindyck, Robert S & Roberts, Steven M, 1976. "Instruments, Intermediate Targets, and Monetary Controllability," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 17(3), pages 627-650, October.

    Cited by:

    1. Benjamin M. Friedman, 1988. "Targets and Instruments of Monetary Policy," NBER Working Papers 2668, National Bureau of Economic Research, Inc.

  61. Hnyilicza, Esteban & Pindyck, Robert S., 1976. "Pricing policies for a two-part exhaustible resource cartel : The case of OPEC," European Economic Review, Elsevier, vol. 8(2), pages 139-154, August.

    Cited by:

    1. Ramcharran, Harri, 2001. "OPEC's production under fluctuating oil prices: further test of the target revenue theory," Energy Economics, Elsevier, vol. 23(6), pages 667-681, November.
    2. Bandyopadhyay, Kaushik Ranjan, 2009. "Does OPEC act as a Residual Producer?," MPRA Paper 25841, University Library of Munich, Germany, revised 2010.
    3. Devarajan, Shantayanan & Fisher, Anthony C, 1981. "Hotelling's "Economics of Exhaustible Resources": Fifty Years Later," Journal of Economic Literature, American Economic Association, vol. 19(1), pages 65-73, March.
    4. Wirl, Franz, 2008. "Why do oil prices jump (or fall)?," Energy Policy, Elsevier, vol. 36(3), pages 1029-1043, March.
    5. Golombek, Rolf & Irarrazabal, Alfonso A. & Ma, Lin, 2015. "OPEC’s market power: An Empirical Dominant Firm Model for the Oil Market," Memorandum 21/2015, Oslo University, Department of Economics.
    6. Escobar, Octavio R. & Le Chaffotec, Alexandra, 2015. "The influence of OPEC membership on economic development: A transaction cost comparative approach," Research in International Business and Finance, Elsevier, vol. 33(C), pages 304-318.
    7. Mason, Charles F. & Polasky, Stephen, 2005. "What motivates membership in non-renewable resource cartels?: The case of OPEC," Resource and Energy Economics, Elsevier, vol. 27(4), pages 321-342, November.
    8. Antonio RIBBA, 2010. "Sources of Unemployment Fluctuations in the USA and in the Euro Area in the Last Decade," EcoMod2010 259600141, EcoMod.
    9. Laukkanen, Marita, 2000. "Cooperative and Non-Cooperative harvesting in a Stochastic Sequential Fishery," CUDARE Working Papers 198688, University of California, Berkeley, Department of Agricultural and Resource Economics.
    10. Labys, Walter C., 1988. "Recent developments in commodity modeling : a World Bankfocus," Policy Research Working Paper Series 119, The World Bank.
    11. Brémond, Vincent & Hache, Emmanuel & Mignon, Valérie, 2012. "Does OPEC still exist as a cartel? An empirical investigation," Energy Economics, Elsevier, vol. 34(1), pages 125-131.
    12. Francesc Dilmé, 2021. "The Role of Discounting in Bargaining with One-Sided Offers," ECONtribute Discussion Papers Series 063, University of Bonn and University of Cologne, Germany.
    13. Horn, Manfred, 2004. "OPEC's optimal crude oil price," Energy Policy, Elsevier, vol. 32(2), pages 269-280, January.
    14. Refk Selmi & Shawkat Hammoudeh & Mark Wohar, 2022. "What drives most jumps in global crude oil prices? Fundamental shortage conditions, Cartel, geopolitics or the behavior of market financial participants," Post-Print hal-03793866, HAL.
    15. Brown, Stephen P.A. & Huntington, Hillard G., 2017. "OPEC and world oil security," Energy Policy, Elsevier, vol. 108(C), pages 512-523.
    16. Shibata, Tsubasa, 2016. "Modeling for the world crude oil and natural gas markets," IDE Discussion Papers 584, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    17. Mohaddes, K., 2012. "Econometric Modelling of World Oil Supplies: Terminal Price and the Time to Depletion," Cambridge Working Papers in Economics 1212, Faculty of Economics, University of Cambridge.
    18. Sabine Bockem, 2004. "Cartel formation and oligopoly structure: a new assessment of the crude oil market," Applied Economics, Taylor & Francis Journals, vol. 36(12), pages 1355-1369.
    19. Kaushik Ranjan Bandyopadhyay, 2022. "Oil and Gas Markets and COVID-19: A Critical Rumination on Drivers, Triggers, and Volatility," Energies, MDPI, vol. 15(8), pages 1-21, April.
    20. Ramcharran, Harri, 2002. "Oil production responses to price changes: an empirical application of the competitive model to OPEC and non-OPEC countries," Energy Economics, Elsevier, vol. 24(2), pages 97-106, March.
    21. Cairns, Robert D. & Calfucura, Enrique, 2012. "OPEC: Market failure or power failure?," Energy Policy, Elsevier, vol. 50(C), pages 570-580.
    22. Wood, Aaron D. & Mason, Charles F. & Finnoff, David, 2016. "OPEC, the Seven Sisters, and oil market dominance: An evolutionary game theory and agent-based modeling approach," Journal of Economic Behavior & Organization, Elsevier, vol. 132(PB), pages 66-78.
    23. Ronald H. Schmidt, 1988. "Hotelling's rule repealed? An examination of exhaustible resource pricing," Economic Review, Federal Reserve Bank of San Francisco, issue Fall, pages 41-54.
    24. Lin, C.Y. Cynthia, 2009. "An Empirical Dynamic Model of OPEC and Non-OPEC," Working Papers 225895, University of California, Davis, Department of Agricultural and Resource Economics.
    25. Berthod, Mathias & Benchekroun, Hassan, 2019. "On agreements in a nonrenewable resource market: A cooperative differential game approach," Journal of Economic Dynamics and Control, Elsevier, vol. 98(C), pages 23-39.
    26. Hartwick, John M., 1980. "Nonrenewable Resource Exploitation by a Dominant Seller and A Fringe Group with Rising Costs," Queen's Institute for Economic Research Discussion Papers 275160, Queen's University - Department of Economics.
    27. Durand-Lasserve, Olivier & Pierru, Axel, 2021. "Modeling world oil market questions: An economic perspective," Energy Policy, Elsevier, vol. 159(C).
    28. Kolstad, Charles D., 2000. "Energy and Depletable Resources: Economics and Policy, 1973-1998," Journal of Environmental Economics and Management, Elsevier, vol. 39(3), pages 282-305, May.
    29. Even Comfort Hvinden, 2019. "OPEC's crude game," Working Papers No 10/2019, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
    30. Nazli Choucri, 1979. "Review Section : Analytical Specifications of the World Oil Market," Journal of Conflict Resolution, Peace Science Society (International), vol. 23(2), pages 346-372, June.
    31. Wirl, Franz, 2015. "Output adjusting cartels facing dynamic, convex demand under uncertainty: The case of OPEC," Economic Modelling, Elsevier, vol. 44(C), pages 307-316.
    32. Roger H. Dunstan & Ronald H. Schmidt, 1984. "Transportation technologies and the optimal depletion of West Coast oil reserves," Working Papers 8406, Federal Reserve Bank of Dallas.
    33. Kheiravar, Khaled H, 2019. "Economic and Econometric Analyses of the World Petroleum Industry, Energy Subsidies, and Air Pollution," Institute of Transportation Studies, Working Paper Series qt3gj151w9, Institute of Transportation Studies, UC Davis.

  62. Robert S. Pindyck, 1974. "The Regulatory Implications of Three Alternative Econometric Supply Models of Natural Gas," Bell Journal of Economics, The RAND Corporation, vol. 5(2), pages 633-645, Autumn.

    Cited by:

    1. Mohn, Klaus & Osmundsen, Petter, 2008. "Exploration economics in a regulated petroleum province: The case of the Norwegian Continental Shelf," Energy Economics, Elsevier, vol. 30(2), pages 303-320, March.
    2. Jochen Güntner, 2017. "How do oil producers respond to giant oil field discoveries?," Economics working papers 2017-04, Department of Economics, Johannes Kepler University Linz, Austria.
    3. Machiel Mulder & Arie ten Cate & Ali Aouragh & Joeri Gorter, 2004. "Gas exploration and production at the Dutch continental shelf: an assessment of the 'Depreciation at Will'," CPB Document 66, CPB Netherlands Bureau for Economic Policy Analysis.
    4. ten Cate, Arie & Mulder, Machiel, 2007. "Impact of the oil price and fiscal facilities on offshore mining at the Dutch Continental Shelf," Energy Policy, Elsevier, vol. 35(11), pages 5601-5613, November.
    5. Joskow, Paul L. & Noll, Roger G., "undated". "Regulation in Theory and Practice: An Overview," Working Papers 213, California Institute of Technology, Division of the Humanities and Social Sciences.
    6. Managi, Shunsuke & Opaluch, James J. & Jin, Di & Grigalunas, Thomas A., 2005. "Technological change and petroleum exploration in the Gulf of Mexico," Energy Policy, Elsevier, vol. 33(5), pages 619-632, March.
    7. Wiser, Ryan & Bolinger, Mark, 2007. "Can deployment of renewable energy put downward pressure on natural gas prices?," Energy Policy, Elsevier, vol. 35(1), pages 295-306, January.
    8. Dahl, Carol & Duggan, Thomas E., 1998. "Survey of price elasticities from economic exploration models of US oil and gas supply," Journal of Energy Finance & Development, Elsevier, vol. 3(2), pages 129-169.
    9. Harry Patria, 2021. "The Role of Success Rate, Discovery, Appraisal Spending, and Transitioning Region on Exploration Drilling of Oil and Gas in Indonesia in 2004–2015," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 67, pages 183-194, Desember.
    10. Forbes, Kevin F. & Zampelli, Ernest M., 2002. "Technology and the exploratory success rate in the U.S. onshore," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(2), pages 319-334.

  63. Pindyck, Robert S, 1973. "Optimal Policies for Economic Stabilization," Econometrica, Econometric Society, vol. 41(3), pages 529-560, May.

    Cited by:

    1. D.A. Kendrick & H.M. Amman & M.P. Tucci, 2008. "Learning About Learning in Dynamic Economic Models," Working Papers 08-20, Utrecht School of Economics.
    2. Marsh, Thomas L. & Huffaker, Ray G. & Folwell, Raymond J. & Long, Gary, 1998. "An Intraseasonal Bioeconomic Model Of Plrv Net Necrosis," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20935, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Hans M. Amman & David A. Kendrick, 2003. "A Classification System for Economic Stochastic Control Models," Computing in Economics and Finance 2003 114, Society for Computational Economics.
    4. Emilio Cerdá Tena, 1990. "Control óptimo de sistemas lineales con expectativas racionales," Investigaciones Economicas, Fundación SEPI, vol. 14(1), pages 85-111, January.
    5. Chorng-Huey Wong & Øystein Pettersen, 1979. "Financial programming in the framework of optimal control," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 115(1), pages 20-37, March.
    6. Sophie Pardo & Nicolas Rautureau & Thomas Vallée, 2010. "Optimal versus realized policy rules in a regime-switching framework," Working Papers hal-00462957, HAL.
    7. Acocella Nicola & Di Bartolomeo Giovanni, 2007. "Towards a new theory of economic policy: Continuity and innovation," wp.comunite 0020, Department of Communication, University of Teramo.
    8. Fanning, Jasper & Marsh, Thomas L. & Jones, Rodney D., 2001. "Commercial Beef Herd Replacement Strategies," 2001 Annual Meeting, July 8-11, 2001, Logan, Utah 36064, Western Agricultural Economics Association.
    9. Gerald P. Dwyer, 1993. "Rules and discretion in monetary policy," Review, Federal Reserve Bank of St. Louis, issue May, pages 3-13.
    10. do Val, Joao B. R. & Basar, Tamer, 1999. "Receding horizon control of jump linear systems and a macroeconomic policy problem," Journal of Economic Dynamics and Control, Elsevier, vol. 23(8), pages 1099-1131, August.
    11. Gregory Chow, 1972. "How Much Could Be Gained by Optimal Stochastic Control Policies," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 1, number 4, pages 391-406, National Bureau of Economic Research, Inc.
    12. Kendrick, David A., 2005. "Stochastic control for economic models: past, present and the paths ahead," Journal of Economic Dynamics and Control, Elsevier, vol. 29(1-2), pages 3-30, January.
    13. Thomas F. Cooley & Kent D. Wall, 1975. "On the Identification of Time Varying Structures," NBER Working Papers 0085, National Bureau of Economic Research, Inc.
    14. Joseph M. Crews & Glenn C. Picou, 1974. "Alternative reserve concepts as operating targets in monetary policy implementation : specifications of the structural model," Working Paper 74-04, Federal Reserve Bank of Richmond.
    15. Robert S. Pindyck, 1976. "The Cost of Conflicting Objectives in Policy Formulation," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 239-248, National Bureau of Economic Research, Inc.
    16. Acocella, Nicola & Di Bartolomeo, Giovanni, 2008. "The Emerging New Theory of Economic Policy," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 61(2-3), pages 135-150.
    17. Benjamin M. Friedman, 1976. "A Note on Uncertainties in Control Applications," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 223-224, National Bureau of Economic Research, Inc.
    18. Kowalski, Tadeusz, 2002. "The Simonian bounded rationality hypothesis and the expectation formation mechanism," MPRA Paper 33981, University Library of Munich, Germany.

  64. Paul W. MacAvoy & Robert S. Pindyck, 1973. "Alternative Regulatory Policies for Dealing with the Natural Gas Shortage," Bell Journal of Economics, The RAND Corporation, vol. 4(2), pages 454-498, Autumn.
    See citations under working paper version above.

Chapters

  1. Robert S. Pindyck, 2020. "What We Know and Don't Know about Climate Change, and the Implications for Policy," NBER Chapters, in: Environmental and Energy Policy and the Economy, volume 2, pages 4-43, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  2. Robert S. Pindyck, 2011. "Modeling the Impact of Warming in Climate Change Economics," NBER Chapters, in: The Economics of Climate Change: Adaptations Past and Present, pages 47-71, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  3. Robert S. Pindyck & Andrés Solimano, 1993. "Economic Instability and Aggregate Investment," NBER Chapters, in: NBER Macroeconomics Annual 1993, Volume 8, pages 259-318, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  4. Robert S. Pindyck, 1976. "The Cost of Conflicting Objectives in Policy Formulation," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 239-248, National Bureau of Economic Research, Inc.

    Cited by:

    1. Buiter, Willem H. & Eaton, Jonathan, 1980. "Policy Decentralization And Exchange Rate Management In Interdependent Economies," Economic Research Papers 269070, University of Warwick - Department of Economics.
    2. William D. Nordhaus, 1994. "Marching to Different Drummers: Coordination and Independence in Monetary and Fiscal Policies," Cowles Foundation Discussion Papers 1067, Cowles Foundation for Research in Economics, Yale University.
    3. David Kendrick, 1976. "Applications of Control Theory to Macroeconomics," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 171-190, National Bureau of Economic Research, Inc.
    4. Dan Protopopescu, 2009. "Nash Equilibrium Strategies in Discrete-Time Finite-Horizon Dynamic Games with Risk-and Effort-Averse Players," UFAE and IAE Working Papers 798.09, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    5. Eduardo Pol, 2023. "Organising Thinking about Disinflation Policy," Economic Papers, The Economic Society of Australia, vol. 42(1), pages 92-106, March.
    6. Pablo Mendieta Ossio & Hugo Rodriguez Gonzales, 2005. "Interacción de la política fiscal con la política monetaria en el MERCOSUR y países asociados," Revista de Análisis del BCB, Banco Central de Bolivia, vol. 8(1), pages 49-97, December.
    7. Dennis Wesselbaum, 2022. "Cheap Talk in a New Keynesian Model," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 20(3), pages 661-691, September.
    8. Dieter Proske, 1995. "Zentralbankunabhängigkeit -Diskussion auf falschen Wegen," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 21(4), pages 533-554.
    9. William D. Nordhaus, 1994. "Policy games: Coordination and Independece in Monetary and Fiscal Policies," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 25(2), pages 139-216.

  5. Robert S. Pindyck & Steven M. Roberts, 1974. "Optimal Policies for Monetary Control," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 3, number 1, pages 207-237, National Bureau of Economic Research, Inc.

    Cited by:

    1. David Kendrick, 1976. "Applications of Control Theory to Macroeconomics," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 171-190, National Bureau of Economic Research, Inc.
    2. Robert B. Litterman, 1982. "Optimal Control of the Money Supply," NBER Working Papers 0912, National Bureau of Economic Research, Inc.
    3. Sivesind, Charles Milton, 1975. "A dynamic programming simulation of optimal monetary policies designed to stabilize prices and employment," ISU General Staff Papers 197501010800006395, Iowa State University, Department of Economics.
    4. R. B. Campbell, 1979. "Optimal Choice of a Proximate Monetary Target in an Open Economy," The Economic Record, The Economic Society of Australia, vol. 55(1), pages 47-57, March.
    5. Kenneth Garbade, 1975. "Discretion in the Choice of Macroeconomic Policies," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 4, number 2, pages 215-238, National Bureau of Economic Research, Inc.
    6. Weber, Thomas A. & Nguyen, Viet Anh, 2018. "A linear-quadratic Gaussian approach to dynamic information acquisition," European Journal of Operational Research, Elsevier, vol. 270(1), pages 260-281.

  6. Mark Eisner & Robert S. Pindyck, 1973. "A Generalized Approach to Estimation as Implemented in the Troll/I System," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 2, number 1, pages 29-51, National Bureau of Economic Research, Inc.

    Cited by:

    1. Charles G. Renfro, 2009. "The Practice of Econometric Theory," Advanced Studies in Theoretical and Applied Econometrics, Springer, number 978-3-540-75571-5, July-Dece.

  7. Robert S. Pindyck, 1972. "Optimal Stabilization Policies via Deterministic Control," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 1, number 4, pages 385-390, National Bureau of Economic Research, Inc.

    Cited by:

    1. David Kendrick, 1976. "Applications of Control Theory to Macroeconomics," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 171-190, National Bureau of Economic Research, Inc.
    2. Sivesind, Charles Milton, 1975. "A dynamic programming simulation of optimal monetary policies designed to stabilize prices and employment," ISU General Staff Papers 197501010800006395, Iowa State University, Department of Economics.
    3. Peter Walsh & J. B. Cruz, Jr., 1976. "Neighboring Stochastic Control of an Econometric Model," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 211-221, National Bureau of Economic Research, Inc.

Books

  1. M. Ohidul Haque, 2005. "Income Elasticity and Economic Development," Advanced Studies in Theoretical and Applied Econometrics, Springer, number 978-0-387-24344-3 edited by J. Marquez & F.G. Adams & P. Balestra & M.G. Dagenais & D. Kendrick & J.H.P. Paelinck & R.S. Pindyck, July-Dece.

    Cited by:

    1. Chen, Y.-H. Henry, 2015. "Economic Projection with Non-homothetic Preferences: The Performance and Application of a CDE Demand System," Conference papers 332611, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    2. Chen, Y.-H. Henry & Paltsev, Sergey & Reilly, John & Morris, Jennifer, 2014. "The MIT EPPA6 Model: Economic Growth, Energy Use, and Food Consumption," Conference papers 332461, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

  2. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.

    Cited by:

    1. Skander Ben Abdallah & Pierre Lasserre, 2016. "Asset Retirement with Infinitely Repeated Alternative Replacements: Harvest Age and Species Choice in Forestry," CIRANO Working Papers 2016s-37, CIRANO.
    2. Lin, Xiaoji & Wang, Chong & Wang, Neng & Yang, Jinqiang, 2018. "Investment, Tobin’s q, and interest rates," Journal of Financial Economics, Elsevier, vol. 130(3), pages 620-640.
    3. Belke, Ansgar & Göcke, Matthias & Guenther, Martin, 2009. "When does it hurt? The exchange rate "pain threshold" for German exports," Discussion Papers 45, Justus Liebig University Giessen, Center for international Development and Environmental Research (ZEU).
    4. Chatterjee Pratiti, 2019. "Asymmetric impact of uncertainty in recessions: are emerging countries more vulnerable?," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 23(2), pages 1-27, April.
    5. Marco Cucculelli & Barbara Ermini, 2012. "Individual risk attitude, product innovation and firm performance. Evidence from survey data," Economics Bulletin, AccessEcon, vol. 32(4), pages 3197-3212.
    6. Oscar Gutiérrez & Francisco Ruiz-Aliseda, 2011. "Real options with unknown-date events," Annals of Finance, Springer, vol. 7(2), pages 171-198, May.
    7. Ferrari, Giorgio & Salminen, Paavo, 2016. "Irreversible Investment under Lévy Uncertainty: an Equation for the Optimal Boundary," Center for Mathematical Economics Working Papers 530, Center for Mathematical Economics, Bielefeld University.
    8. Michele Moretto & Luca Di Corato, 2009. "Investing in Biogas: Timing, Technological Choice and the Value of Flexibility from Inputs Mix," Working Papers 2009.84, Fondazione Eni Enrico Mattei.
    9. d’Amato, Maurizio & Zrobek, Sabina & Renigier Bilozor, Malgorzata & Walacik, Marek & Mercadante, Giuseppe, 2019. "Valuing the effect of the change of zoning on underdeveloped land using fuzzy real option approach," Land Use Policy, Elsevier, vol. 86(C), pages 365-374.
    10. Nishide, Katsumasa & Tian, Yuan, 2011. "Compensation measures for alliance formation: A real options analysis," Economic Modelling, Elsevier, vol. 28(1-2), pages 219-228, January.
    11. Kuno J.M. Huisman & Peter M. Kort, 2015. "Strategic capacity investment under uncertainty," RAND Journal of Economics, RAND Corporation, vol. 46(2), pages 376-408, June.
    12. Checherita-Westphal, Cristina & Rother, Philipp, 2010. "The impact of high and growing government debt on economic growth: an empirical investigation for the euro area," Working Paper Series 1237, European Central Bank.
    13. Timothy Erickson & Toni M. Whited, 2000. "Measurement Error and the Relationship between Investment and q," Journal of Political Economy, University of Chicago Press, vol. 108(5), pages 1027-1057, October.
    14. Simon Freyaldenhoven & Christian Hansen & Jesse M. Shapiro, 2019. "Pre-event Trends in the Panel Event-Study Design," American Economic Review, American Economic Association, vol. 109(9), pages 3307-3338, September.
    15. Sevcan Yesiltas, 2009. "Financing Constraints and Investment: The Case of Turkish Manufacturing Firms," 2009 Meeting Papers 874, Society for Economic Dynamics.
    16. Buhai, Sebastian & Teulings, Coen, 2005. "Tenure Profiles and Efficient Separation in a Stochastic Productivity Model," Working Papers 05-9, University of Aarhus, Aarhus School of Business, Department of Economics, revised 03 Oct 2006.
    17. Swinnen, Johan F.M. & Gow, Hamish R., 1997. "Agricultural Credit Problems And Policies During The Transition To A Market Economy In Central And Eastern Europe," PRG Working Papers 31887, Katholieke Universiteit Leuven, LICOS - Centre for Institutions and Economic Performance.
    18. Hervé-Mignucci, Morgan, 2011. "Rôle du signal prix du carbone sur les décisions d'investissement des entreprises," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/8200 edited by Keppler, Jan Horst.
    19. Sung Je Byun & Soojin Jo, 2018. "Heterogeneity in the dynamic effects of uncertainty on investment," Canadian Journal of Economics, Canadian Economics Association, vol. 51(1), pages 127-155, February.
    20. Ilker Ersegun Kayhan & Glenn P. Jenkins, 2016. "Determination of Socially Equitable Guarantees for PPPs: A Toll-Road Case from Turkey," Development Discussion Papers 2016-06, JDI Executive Programs.
    21. T Heikkinen & K Pietola, 2006. "Rural Investment and the Cost of Income Uncertainty," ERSA conference papers ersa06p51, European Regional Science Association.
    22. Rosati, Nicoletta & Bellia, Mario & Matos, Pedro Verga & Oliviera, Vasco, 2019. "Ratings matter: announcements in times of crisis and the dynamics of stock markets," Working Papers 2019-08, Joint Research Centre, European Commission.
    23. Pizer, William A. & Kopp, Raymond J., 2003. "Calculating the Costs of Environmental Regulation," Discussion Papers 10762, Resources for the Future.
    24. Dean Paxson & Helena Pinto, 2005. "Rivalry under price and quantity uncertainty," Review of Financial Economics, John Wiley & Sons, vol. 14(3-4), pages 209-224.
    25. Toxvaerd, Flavio, 2008. "Strategic merger waves: A theory of musical chairs," Journal of Economic Theory, Elsevier, vol. 140(1), pages 1-26, May.
    26. Eleftherios Giovanis & Oznur Ozdamar, 2018. "The Nexus Between Business-Investment Climate and Firm Performance in the Middle East and North Africa (MENA) Region," Working Papers 1277, Economic Research Forum, revised 26 Dec 2018.
    27. Arve, Malin & Zwart, Gijsbert, 2023. "Optimal procurement and investment in new technologies under uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 147(C).
    28. Daniele Vignoli & Letizia Mencarini & Giammarco Alderotti, 2018. "Is the Impact of Employment Uncertainty on Fertility Intentions Channeled by Subjective Well-Being?," Econometrics Working Papers Archive 2018_04, Universita' degli Studi di Firenze, Dipartimento di Statistica, Informatica, Applicazioni "G. Parenti".
    29. Riedel, Frank & Su, Xia, 2006. "On Irreversible Investment," Bonn Econ Discussion Papers 13/2006, University of Bonn, Bonn Graduate School of Economics (BGSE).
    30. Arturo Harker & Marcela Melendez, 2008. "Revisiting Economic Growth in Colombia: A Microeconomic Perspective," Research Department Publications 2006, Inter-American Development Bank, Research Department.
    31. Mecikovsky, Ariel & Meier, Matthias, 2014. "Do plants freeze upon uncertainty shocks?," EconStor Preprints 100662, ZBW - Leibniz Information Centre for Economics.
    32. Reinhard Madlener & Gürkan Kumbaroglu & Volkan S. Ediger, 2004. "Modeling Technology Adoption as an Irreversible Investment Under Uncertainty: The Case of the Turkish Electricity Supply Industry," CEPE Working paper series 04-30, CEPE Center for Energy Policy and Economics, ETH Zurich.
    33. Agrell, Per Joakim & Teusch, Jonas, 2020. "Predictability and strategic behavior under frontier regulation," LIDAM Reprints CORE 3094, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    34. Tunaru, Radu & Clark, Ephraim & Viney, Howard, 2005. "An option pricing framework for valuation of football players," Review of Financial Economics, Elsevier, vol. 14(3-4), pages 281-295.
    35. Shively, Gerald E., 2001. "Price thresholds, price volatility, and the private costs of investment in a developing country grain market," Economic Modelling, Elsevier, vol. 18(3), pages 399-414, August.
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    2748. Alvarez, Fernando & Dixit, Avinash, 2014. "A real options perspective on the future of the Euro," Journal of Monetary Economics, Elsevier, vol. 61(C), pages 78-109.
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    2751. Dijkstra, B.R. & Van Soest, D.P., 2006. "Higher pollution damage, more lenient environmental policies?," Other publications TiSEM b714bf16-8af7-462b-bf40-e, Tilburg University, School of Economics and Management.
    2752. Michael J. Roberts & Ruben N. Lubowski, 2007. "Enduring Impacts of Land Retirement Policies: Evidence from the Conservation Reserve Program," Land Economics, University of Wisconsin Press, vol. 83(4), pages 516-538.
    2753. Ellen Roemer, 2004. "Managing Asymmetric Resource Dependence and Environmental Risk in Relationships by Real Options," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 15(1), pages 89-106.
    2754. Hunjra, Ahmed Imran & Niazi, Ghulam Shabbir Khan & Akbar, Syed Waqar & Rehman, Kashif-Ur-, 2011. "Application of finance techniques: an empirical analysis of pakistani corporate sector," MPRA Paper 40675, University Library of Munich, Germany.
    2755. David Card & Thomas Lemieux, 2000. "Dropout and Enrollment Trends in the Post-War Period: What Went Wrong in the 1970s?," NBER Working Papers 7658, National Bureau of Economic Research, Inc.
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    2757. Madlener, Reinhard & Stoverink, Simon, 2010. "Power Plant Investments in the Turkish Electricity Sector: A Real Options Approach Taking into Account Market Liberalization," FCN Working Papers 21/2010, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN), revised Jul 2011.
    2758. Osili, Una Okonkwo, 2004. "Migrants and Housing Investments: Theory and Evidence from Nigeria," Economic Development and Cultural Change, University of Chicago Press, vol. 52(4), pages 821-849, July.
    2759. Abiad, Abdul & Qureshi, Irfan A., 2023. "The macroeconomic effects of oil price uncertainty," Energy Economics, Elsevier, vol. 125(C).
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    2761. Holden, Craig W. & Kim, Daniel S., 2017. "Performance share plans: Valuation and empirical tests," Journal of Corporate Finance, Elsevier, vol. 44(C), pages 99-125.
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    2763. Atsuyuki Ohyama & Motoh Tsujimura, 2006. "Political Measures for Strategic Environmental Policy with External Effects," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 35(2), pages 109-135, October.
    2764. Jade Herbots & Willy Herroelen & Roel Leus, 2007. "Dynamic order acceptance and capacity planning on a single bottleneck resource," Naval Research Logistics (NRL), John Wiley & Sons, vol. 54(8), pages 874-889, December.
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    2766. Kyeungrae Oh, 2017. "MNEs’ Ownership Structure under Uncertainty: Explanations from TCE and Real Options Logic," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(2), pages 1-67, January.
    2767. Perotti, Enrico & Rossetto, Silvia, 2007. "Unlocking Value: Equity Carve outs as Strategic Real Options," CEPR Discussion Papers 6268, C.E.P.R. Discussion Papers.
    2768. Dadkhah, Ali & Ciuriak, Dan, 2018. "Evaluating the Impact of FTAs on FDI: A Text-Based Approach," Conference papers 332959, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    2769. Andreas Welling, 2017. "Green Finance: Recent developments, characteristics and important actors," FEMM Working Papers 170002, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
    2770. Svetlana Boyarchenko & Sergei Levendorskii, 2005. "Discount factors ex post and ex ante, and discounted utility anomalies," Microeconomics 0510013, University Library of Munich, Germany, revised 13 Dec 2005.
    2771. Gross, Marco & Dubiel-Teleszynski, Tomasz & Población García, Francisco Javier, 2018. "A structural model to assess the impact of bank capitalization changes conditional on a bail-in versus bail-out regime," Working Paper Series 2181, European Central Bank.
    2772. Lin, C.-Y. Cynthia & Leighty, Wayne, 2007. "Government Leasing Policy and the Multi-Stage Investment Timing Game in Offshore Petroleum Production," Institute of Transportation Studies, Working Paper Series qt0x81x3jp, Institute of Transportation Studies, UC Davis.
    2773. Zhang, Sizhe & Cardin, Michel-Alexandre, 2017. "Flexibility and real options analysis in emergency medical services systems using decision rules and multi-stage stochastic programming," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 107(C), pages 120-140.
    2774. Olanipekun, Ifedolapo Olabisi & Alola, Andrew Adewale, 2020. "Crude oil production in the Persian Gulf amidst geopolitical risk, cost of damage and resources rents: Is there asymmetric inference?," Resources Policy, Elsevier, vol. 69(C).
    2775. Koch, Nicolas & Reuter, Wolf Heinrich & Fuss, Sabine & Grosjean, Godefroy, 2017. "Permits vs. offsets under investment uncertainty," Resource and Energy Economics, Elsevier, vol. 49(C), pages 33-47.
    2776. Fontes, Dalila B.M.M., 2008. "Fixed versus flexible production systems: A real options analysis," European Journal of Operational Research, Elsevier, vol. 188(1), pages 169-184, July.
    2777. Twine, Edgar E. & Omore, Amos & Githinji, Julius, 2018. "Uncertainty in milk production by smallholders in Tanzania and its implications for investment," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 21(1).
    2778. Laurikka, Harri, 2006. "Option value of gasification technology within an emissions trading scheme," Energy Policy, Elsevier, vol. 34(18), pages 3916-3928, December.
    2779. Li, Rui, 2017. "Dynamic agency with persistent observable shocks," Journal of Mathematical Economics, Elsevier, vol. 71(C), pages 74-91.
    2780. Kevin M. Stange, 2012. "An Empirical Investigation of the Option Value of College Enrollment," American Economic Journal: Applied Economics, American Economic Association, vol. 4(1), pages 49-84, January.
    2781. Palokangas, Tapio K., 2014. "The Political Economy of Labor Market Regulation with R&D," IZA Discussion Papers 8147, Institute of Labor Economics (IZA).
    2782. Park, Hojeong, 2016. "A real option analysis for stochastic disease control and vaccine stockpile policy: An application to H1N1 in Korea," Economic Modelling, Elsevier, vol. 53(C), pages 187-194.
    2783. Muehlenbachs, Lucija, 2012. "Testing for Avoidance of Environmental Obligations," RFF Working Paper Series dp-12-12, Resources for the Future.
    2784. Michal Brzozowski, 2003. "Exchange Rate Variability and Foreign Direct Investment - Consequences of EMU Enlargement," CASE Network Studies and Analyses 0258, CASE-Center for Social and Economic Research.
    2785. Marie-Cécile Alvarez-Herault & Jean-Pierre Dib & Oana Ionescu & Bertrand Raison, 2022. "Long-Term Planning of Electrical Distribution Grids: How Load Uncertainty and Flexibility Affect the Investment Timing," Energies, MDPI, vol. 15(16), pages 1-27, August.
    2786. Chronopoulos, Michail & De Reyck, Bert & Siddiqui, Afzal, 2014. "Duopolistic competition under risk aversion and uncertainty," European Journal of Operational Research, Elsevier, vol. 236(2), pages 643-656.
    2787. Weeds, Helen & Mason, Robin, 2002. "The Failing Firm Defence: Merger Policy and Entry," CEPR Discussion Papers 3664, C.E.P.R. Discussion Papers.
    2788. Siddiqui, Afzal & Fleten, Stein-Erik, 2010. "How to proceed with competing alternative energy technologies: A real options analysis," Energy Economics, Elsevier, vol. 32(4), pages 817-830, July.
    2789. Magni, Carlo Alberto, 2005. "Economic profit, NPV, and CAPM: Biases and violations of Modigliani and Miller's Proposition I," MPRA Paper 7359, University Library of Munich, Germany, revised 27 Feb 2008.
    2790. Krüger, Niclas A., 2012. "To kill a real option – Incomplete contracts, real options and PPP," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(8), pages 1359-1371.
    2791. João Jalles & Martin Andresen, 2015. "The social and economic determinants of suicide in Canadian provinces," Health Economics Review, Springer, vol. 5(1), pages 1-12, December.
    2792. Tubetov, Dulat & Maart, Syster Christin & Musshoff, Oliver, 2012. "Comparison of the Investment Behavior of German and Kazakhstani Farmers: an Experimental Approach," GlobalFood Discussion Papers 122422, Georg-August-Universitaet Goettingen, GlobalFood, Department of Agricultural Economics and Rural Development.
    2793. Clapp, John M. & Salavei, Katsiaryna, 2010. "Hedonic pricing with redevelopment options: A new approach to estimating depreciation effects," Journal of Urban Economics, Elsevier, vol. 67(3), pages 362-377, May.
    2794. Pavel V. Gapeev, 2022. "Perpetual American Double Lookback Options on Drawdowns and Drawups with Floating Strikes," Methodology and Computing in Applied Probability, Springer, vol. 24(2), pages 749-788, June.
    2795. Agliardi, R. & Popivanov, P. & Slavova, A., 2012. "A general framework for some economic problems with uncertainty and exogenous barriers," Economic Modelling, Elsevier, vol. 29(6), pages 2320-2324.
    2796. Giraudet, Louis-Gaëtan, 2020. "Energy efficiency as a credence good: A review of informational barriers to energy savings in the building sector," Energy Economics, Elsevier, vol. 87(C).
    2797. Vareska Van de Vrande & Wim Vanhaverbeke, 2013. "How Prior Corporate Venture Capital Investments Shape Technological Alliances: A Real Options Approach," Entrepreneurship Theory and Practice, , vol. 37(5), pages 1019-1043, September.
    2798. Gollier, Christian, 2004. "Choice of Nuclear Power Investments under Price Uncertainty: Valuing Modularity," IDEI Working Papers 287, Institut d'Économie Industrielle (IDEI), Toulouse.
    2799. Linnerud, Kristin & Simonsen, Morten, 2017. "Swedish-Norwegian tradable green certificates: Scheme design flaws and perceived investment barriers," Energy Policy, Elsevier, vol. 106(C), pages 560-578.
    2800. Jón Daníelsson & Marcela Valenzuela & Ilknur Zer, 2016. "Learning from History : Volatility and Financial Crises," Finance and Economics Discussion Series 2016-093, Board of Governors of the Federal Reserve System (U.S.).
    2801. Randrianarisoa, Laingo M. & Zhang, Anming, 2019. "Adaptation to climate change effects and competition between ports: Invest now or later?," Transportation Research Part B: Methodological, Elsevier, vol. 123(C), pages 279-322.
    2802. Torani, Kiran & Rausser, Gordon & Zilberman, David, 2016. "Innovation subsidies versus consumer subsidies: A real options analysis of solar energy," Energy Policy, Elsevier, vol. 92(C), pages 255-269.
    2803. Zambujal-Oliveira, João & Duque, João, 2011. "Operational asset replacement strategy: A real options approach," European Journal of Operational Research, Elsevier, vol. 210(2), pages 318-325, April.
    2804. Wojahn, Oliver W., 2012. "Why does the airline industry over-invest?," Journal of Air Transport Management, Elsevier, vol. 19(C), pages 1-8.
    2805. Bolin, Kristian & Caputo, Michael R., 2020. "Consumption and investment demand when health evolves stochastically," Journal of Economic Dynamics and Control, Elsevier, vol. 114(C).
    2806. Franz Wirl, 2009. "Non-cooperative investment in partnerships and their termination," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 17(4), pages 479-494, December.
    2807. Petropoulos, Georgios & Willems, Bert, 2020. "Long-term transmission rights and dynamic efficiency," Energy Economics, Elsevier, vol. 88(C).
    2808. Gabriela López Noria & Juan José Zamudio Fernández, 2018. "The effect of uncertainty on foreign direct investment: The case of Mexico," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 33(1), pages 117-149.
    2809. Mikhail Drugov, 2021. "Bargaining with informational and payoff externalities," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 30(2), pages 398-419, May.
    2810. Lo Nigro, Giovanna & Morreale, Azzurra & Enea, Gianluca, 2014. "Open innovation: A real option to restore value to the biopharmaceutical R&D," International Journal of Production Economics, Elsevier, vol. 149(C), pages 183-193.
    2811. Jung Kwan Kim & Ram Mudambi, 2020. "An ecosystem-based analysis of design innovation infringements: South Korea and China in the global tire industry," Journal of International Business Policy, Palgrave Macmillan, vol. 3(1), pages 38-57, March.
    2812. Anh‐Tuan Doan & Anh‐Tuan Le & Quan Tran, 2020. "Economic uncertainty, ownership structure and small and medium enterprises performance," Australian Economic Papers, Wiley Blackwell, vol. 59(2), pages 102-137, June.
    2813. Dong, Kaiqiang & Sun, Wei, 2022. "Would the market mechanism cause the formation of overcapacity?: Evidence from Chinese listed firms of manufacturing industry," International Review of Economics & Finance, Elsevier, vol. 79(C), pages 97-113.
    2814. Twine, Edgar E. & Kiiza, Barnabas & Bashaasha, Bernard, 2015. "The Flexible Accelerator Model of Investment: An Application to Ugandan Tea- Processing Firms," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 10(1), pages 1-15, March.
    2815. Richardson, Steven & Kefford, Adrian & Hodkiewicz, Melinda, 2013. "Optimised asset replacement strategy in the presence of lead time uncertainty," International Journal of Production Economics, Elsevier, vol. 141(2), pages 659-667.
    2816. Nicholas Bloom & John Van Reenen, 2002. "Patents, Real Options and Firm Performance," Economic Journal, Royal Economic Society, vol. 112(478), pages 97-116, March.
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    2820. Boccard, Nicolas, 2010. "Economic properties of wind power: A European assessment," Energy Policy, Elsevier, vol. 38(7), pages 3232-3244, July.
    2821. Bezabih, Mintewab & Stolpe, Michael, 2007. "Optimal sequencing of antiretroviral drug cocktails under uncertainty and irreversibility," Kiel Working Papers 1371, Kiel Institute for the World Economy (IfW Kiel).
    2822. Brocas, Isabelle & Carrillo, Juan D., 2012. "From perception to action: An economic model of brain processes," Games and Economic Behavior, Elsevier, vol. 75(1), pages 81-103.
    2823. Bastian Felix, 2012. "Gas Storage Valuation: A Comparative Simulation Study," EWL Working Papers 1201, University of Duisburg-Essen, Chair for Management Science and Energy Economics, revised Apr 2014.
    2824. Yu, Jing & Xu, Bin, 2011. "The game analyses to price the target enterprise of merger and acquisition based on the perspective of real options under stochastic surroundings," Economic Modelling, Elsevier, vol. 28(4), pages 1587-1594, July.
    2825. I. Tzouramani & K. Mattas, 2004. "Employing real options methodology in agricultural investments: the case of greenhouse construction," Applied Economics Letters, Taylor & Francis Journals, vol. 11(6), pages 355-359.
    2826. Jianjun Miao & Neng Wang, 2004. "Investment, Hedging, and Consumption Smoothing," Finance 0407014, University Library of Munich, Germany.
    2827. Djiby Racine Thiam & Ariel Dinar & Hebert Ntuli, 2021. "Promotion of residential water conservation measures in South Africa: the role of water-saving equipment," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 23(1), pages 173-210, January.
    2828. Vansteenkiste, Isabel, 2011. "What is driving oil futures prices? Fundamentals versus speculation," Working Paper Series 1371, European Central Bank.
    2829. Madhu Khanna & Ruiqing Miao, 2022. "Inducing the adoption of emerging technologies for sustainable intensification of food and renewable energy production: insights from applied economics," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 66(1), pages 1-23, January.
    2830. Liu, John, 2000. "On the dynamics of stochastic diffusion of manufacturing technology," European Journal of Operational Research, Elsevier, vol. 124(3), pages 601-614, August.
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    2832. Raj Chetty, 2004. "Interest Rates and Backward-Bending Investment," NBER Working Papers 10354, National Bureau of Economic Research, Inc.
    2833. René Aïd & Luciano Campi & Liangchen Li & Mike Ludkovski, 2021. "An Impulse-Regime Switching Game Model of Vertical Competition," Dynamic Games and Applications, Springer, vol. 11(4), pages 631-669, December.
    2834. El-Shazly Alaa, 2004. "Investment Under Uncertainty in Egypt: A Real-Options Approach," Review of Middle East Economics and Finance, De Gruyter, vol. 2(2), pages 51-60, August.
    2835. Loïc Weerdt & Tine Compernolle & Verena Hagspiel & Peter Kort & Carlos Oliveira, 2022. "Stepwise Investment in Circular Plastics Under the Presence of Policy Uncertainty," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 83(2), pages 413-443, October.
    2836. David Johnstone, 2002. "Behavioral and Prescriptive Explanations of a Reverse Sunk Cost Effect," Theory and Decision, Springer, vol. 53(3), pages 209-242, November.
    2837. Julien Chevallier & Stéphane Goutte, 2014. "The goodness-of-fit of the fuel-switching price using the mean-reverting Lévy jump process," Working Papers 2014-285, Department of Research, Ipag Business School.
    2838. Tarsalewska, Monika, 2015. "The timing of mergers along the production chain, capital structure, and risk dynamics," Journal of Banking & Finance, Elsevier, vol. 57(C), pages 51-64.
    2839. Matthias Breuer & David Windisch, 2019. "Investment Dynamics and Earnings‐Return Properties: A Structural Approach," Journal of Accounting Research, Wiley Blackwell, vol. 57(3), pages 639-674, June.
    2840. Pascal BOTTERON & Jean-François CASANOVA, 2003. "Start-ups Defined as Portfolios of Embedded Options," FAME Research Paper Series rp85, International Center for Financial Asset Management and Engineering.
    2841. Andreas Chollet & Berit Meinhart & Christian von Hirschhausen & Petra Opitz, 2001. "Options for Transporting Russian Gas to Western Europe: A Game-theoretic Simulation Analysis," Discussion Papers of DIW Berlin 261, DIW Berlin, German Institute for Economic Research.
    2842. Paulo Mota & José Varejão & Paulo Vasconcelos, 2015. "A hysteresis model-based indicator for employment adjustment rigidity," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 42(3), pages 547-569, August.
    2843. Arias, Fernando & Parra-Amado, Daniel & Garrido, Daira, 2013. "¿Responden los diferentes tipos de flujos de capitales a los mismos fundamentos y en el mismo grado? : evidencia reciente para países emergentes," Chapters, in: Rincón-Castro, Hernán & Velasco, Andrés M. (ed.), Flujos de capitales, choques externos y respuestas de política en países emergentes, chapter 2, pages 53-81, Banco de la Republica de Colombia.
    2844. Bernard Sinclair-Desgagné, 2018. "The Preference for Monotone Decision Problems," Cahiers du GREThA (2007-2019) 2018-15, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    2845. Marcel Fafchamps & Chris Udry & Katherine Czukas, "undated". "Drought and Saving in West Africa: Are Livestock a Buffer Stock?," Working Papers 97013, Stanford University, Department of Economics.
    2846. Guthrie, Graeme, 2010. "House prices, development costs, and the value of waiting," Journal of Urban Economics, Elsevier, vol. 68(1), pages 56-71, July.
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    2848. Sennewald, Ken, 2007. "Controlled stochastic differential equations under Poisson uncertainty and with unbounded utility," Journal of Economic Dynamics and Control, Elsevier, vol. 31(4), pages 1106-1131, April.
    2849. Pedro Costa Ferreira & Raíra Marotta B. Vieira & Felipi Bruno Silva & Ingrid C. L. Oliveira, 2019. "Measuring Brazilian Economic Uncertainty," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 15(1), pages 25-40, April.
    2850. López Noria Gabriela & Zamudio Fernández Juan José, 2018. "The Effect of Uncertainty on Foreign Direct Investment: the Case of Mexico," Working Papers 2018-03, Banco de México.
    2851. Oude Lansink, Alfons G.J.M. & Pietola, Kyosti, 2002. "Semi-Parametric Modeling of Investments in Energy Installations," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24813, European Association of Agricultural Economists.
    2852. Linxi Chen & Ding Ding & Rui Mano, 2018. "China’s Capacity Reduction Reform and Its Impact on Producer Prices," IMF Working Papers 2018/216, International Monetary Fund.
    2853. Pereira, Paulo J. & Rodrigues, Artur, 2019. "Investing in a random start American option under competition," Finance Research Letters, Elsevier, vol. 28(C), pages 388-397.
    2854. Erzo G. J. Luttmer, 2015. "An Assignment Model of Knowledge Diffusion and Income Inequality," Staff Report 509, Federal Reserve Bank of Minneapolis.
    2855. Kishi, Keiichi & Okada, Keisuke, 2018. "Trade Liberalization, Technology Diffusion, and Productivity," MPRA Paper 88597, University Library of Munich, Germany.
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    2857. Robert Lensink & Oliver Morrissey, 2000. "Aid instability as a measure of uncertainty and the positive impact of aid on growth," Journal of Development Studies, Taylor & Francis Journals, vol. 36(3), pages 31-49.
    2858. Franke, Günter & Hopp, Christian, 2005. "M&A-Transaktionen: Fluch und Segen der Realoptionstheorie," CoFE Discussion Papers 05/03, University of Konstanz, Center of Finance and Econometrics (CoFE).
    2859. Masao Nakagawa, 2007. "Synergies and Investment Decisions," Economics Bulletin, AccessEcon, vol. 7(5), pages 1-11.
    2860. Paolo Pertile, 2009. "An extension of the real option approach to the evaluation of health care technologies: the case of positron emission tomography," International Journal of Health Economics and Management, Springer, vol. 9(3), pages 317-332, September.
    2861. Weeds, H., 1999. "Sleeping Patents and Computsory Licensing: An Options Analysis," The Warwick Economics Research Paper Series (TWERPS) 577, University of Warwick, Department of Economics.
    2862. de Groot, Henri L. F. & Verhoef, Erik T. & Nijkamp, Peter, 2001. "Energy saving by firms: decision-making, barriers and policies," Energy Economics, Elsevier, vol. 23(6), pages 717-740, November.
    2863. Sinclair-Desgagné, Bernard, 2019. "Prior knowledge and monotone decision problems," Economics Letters, Elsevier, vol. 175(C), pages 15-18.
    2864. Timothy Dunne & Xiaoyi Mu, 2010. "Investment Spikes And Uncertainty In The Petroleum Refining Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 58(1), pages 190-213, March.
    2865. Carlos José Peña Parra, 2013. "Incertidumbre, gobernabilidad y crecimiento económico. Venezuela 1968-2010," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 15(28), pages 313-331, January-J.
    2866. Christina Christou & Juncal Cunado & Rangan Gupta & Christis Hassapis, 2016. "Economic Policy Uncertainty and Stock Market Returns in Pacific-Rim Countries: Evidence based on a Bayesian Panel VAR Model," Working Papers 201661, University of Pretoria, Department of Economics.
    2867. Ahlers, Oliver & Hack, Andreas & Kellermanns, Franz W., 2014. "“Stepping into the buyers’ shoes”: Looking at the value of family firms through the eyes of private equity investors," Journal of Family Business Strategy, Elsevier, vol. 5(4), pages 384-396.
    2868. Ohlendorf, Nils & Flachsland, Christian & Nemet, Gregory F. & Steckel, Jan Christoph, 2022. "Carbon price floors and low-carbon investment: A survey of German firms," Energy Policy, Elsevier, vol. 169(C).
    2869. Panagiotidis, Theodore & Printzis, Panagiotis, 2021. "Investment and uncertainty: Are large firms different from small ones?," Journal of Economic Behavior & Organization, Elsevier, vol. 184(C), pages 302-317.
    2870. Isik, Murat & Khanna, Madhu, 2002. "Variable-Rate Nitrogen Application Under Uncertainty: Implications For Profitability And Nitrogen Use," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 27(1), pages 1-16, July.
    2871. Evatt, Geoffrey William & Soltan, Mousa Omid & Johnson, Paul V., 2012. "Mineral reserves under price uncertainty," Resources Policy, Elsevier, vol. 37(3), pages 340-345.
    2872. Marco Buso & Michele Moretto & Dimitrios Zormpas, 2020. "Excess returns in Public-Private Partnerships: Do governments pay too much?," "Marco Fanno" Working Papers 0246, Dipartimento di Scienze Economiche "Marco Fanno".
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    2. Hudson, Darren & Ethridge, Don, 2000. "Income Distributional Impacts of Trade Policies in a Multi-Market Framework: A Case in Pakistan," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 32(1), pages 49-61, April.

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