The no-loss offset provision and the attitude towards risk of a risk-neutral firm

Article Abstract:

Risk-neutral firms tend to behave in a specific risk-averse manner with investment behavior influenced by factors such as revenue, tax rates, tax exemption levels and project risk. The study shows that such risk averse behavior may tend to lower income at high profit levels and increase revenue at low profit levels.

Asset & Risk Management, Management, Risk assessment, Evaluation, Investments, Taxation

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Scientific progress and irreversibility: an economic interpretation of the 'Precautionary Principle.'

Article Abstract:

Issues related to scientific uncertainties, risk, and the precautionary principle are examined in detail. Uncertainties may mean that consumption of some potentially toxic materials should be reduced.

Economics, Research and Development in the Social Sciences and Humanities

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Optimal design of a phase-in emissions trading program

Article Abstract:

Issues related to emissions trading programs with phase-in period are examined in detail. The achievement of first-best equilibrium is analyzed, as is the impact of permits.

Emissions credit trading, Emissions trading

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