Results 51 to 60 of about 6,023,559 (283)

Crop insurance and irrigation behavior: The conditional role of pumping costs

American Journal of Agricultural Economics, EarlyView.
Abstract Excessive water use for irrigation can accelerate the depletion of water resources, undermining agriculture's resilience to weather‐related shocks. Understanding how farmers make water use decisions is essential for developing effective water management policies.
Sungmin Cheu, Molly Sears
wiley   +1 more source

Quadratic BSDEs with Singular Generators and Unbounded Terminal Conditions: Theory and Applications

Mathematics
We investigate a class of quadratic backward stochastic differential equations (BSDEs) with generators that are singular in y. First, we establish the existence of solutions and a comparison theorem, thereby extending the existing results in the ...
Wenbo Wang, Guangyan Jia
doaj   +1 more source

Risk Aversion and Expected Utility : The Constant-Absolute-Risk Aversion Function and its Application to Oligopoly [PDF]

, 2014
Technical ReportThe purpose of this paper is to carefully investigate the relationship between the concepts of risk aversion and expected utility, with a focus on the constant-risk-aversion function and its application to oligopoly theory.
Sakai, Yasuhiro
core  

Income sharing for common pool resources with uncertain productivity

American Journal of Agricultural Economics, EarlyView.
Abstract We address the interconnected issues of externalities in the use of a natural common‐pool resource system and adverse effects of environmental uncertainty on risk‐averse resource users. We set up a simple analytical model and derive conditions such that insurance by means of an income sharing mechanism mitigates externalities and hence ...
Claudia Kelsall, Martin Quaas, Nicolas Quérou   +2 more
wiley   +1 more source

An optimal consumption and investment problem with stochastic hyperbolic discounting

Advances in Difference Equations, 2019
In this paper, we analyze the optimal consumption and investment problem of an agent by incorporating the stochastic hyperbolic preferences with constant relative risk aversion utility.
Yong Hyun Shin, Kum-Hwan Roh
doaj   +1 more source

Risk-averse toll pricing in a stochastic transportation network [PDF]

European J. of Industrial Engineering, 2017
We consider the toll pricing problem under uncertain network conditions resulting in stochastic travel times. Using the conditional value-at-risk (CVaR) as a risk measure on the alternate functions of the random travel times we introduce several travel time reliability-related network performance measures.
Feyzioğlu, Orhan, Noyan, Nilay
openaire   +4 more sources

Government Subsidies for Industrial Symbiosis: Is It Always Worth It? Assessing Effectiveness and Efficiency Through Agent‐Based Modeling

Business Strategy and the Environment, EarlyView.
ABSTRACT Policy intervention can be a driver for industrial symbiosis (IS). However, given the wide variety of policy instruments available, policymakers should be guided in the policy design process to ensure that their intervention is effective and efficient. In this paper, we propose an agent‐based (AB) model intended to assess the effectiveness and
Melissa Mollica, Alberto Nastasi, Luca Fraccascia   +2 more
wiley   +1 more source

Risk aversion heterogeneity and the equity term structure

International Review of Economics & Finance
We explore the ability of a two-agent model with heterogeneous risk aversion to replicate key characteristics of the equity term structure. The model not only reproduces standard aggregate asset-pricing facts—such as procyclical interest rates and price ...
Hamilton Galindo Gil
doaj   +1 more source

Decision-Making Optimization of Risk-Seeking Retailer Managed Inventory Model in a Water Supply Chain

Discrete Dynamics in Nature and Society, 2021
Water retailer managed inventory is a classical and inevitable inventory management mode in present economic society. Stochastic models can more clearly explain demand uncertainty and are closely related to water supply chains.
Wenfang Yu, Guisheng Hou, Baogui Xin
doaj   +1 more source

How Do Energy Prices, Financial Conditions, and ESG‐Related Uncertainty Shape Energy Efficiency in the United States? Evidence From Wavelet Quantile Regression

Business Strategy and the Environment, EarlyView.
ABSTRACT Improving energy efficiency is a central pillar of climate mitigation strategies, energy security, and sustainable economic growth, particularly in energy‐intensive economies such as the United States. This study investigates the nonlinear and distribution‐dependent effects of energy prices, financial conditions, economic policy uncertainty ...
Busra Agan Celik
wiley   +1 more source