It's not now or never: implications of investment timing and risk aversion on climate adaptation to extreme events
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Recommendations
- Managing risks from climate impacted hazards -- the value of investment flexibility under uncertainty
- Optimal adaptation to uncertain climate change
- Preparing for catastrophic climate change
- Adaptation, mitigation and risk: an analytic approach
- Adaptation to climate change: extreme events versus gradual changes
Cites work
- A general control variate method for option pricing under Lévy processes
- A system approach to management of catastrophic risks.
- A theory of the term structure of interest rates
- An optimal timing model of water reallocation and reservoir construction
- Climate change and optimal energy technology R\&D policy
- Decision analysis models in reinsurance
- Decision-making under scientific uncertainty: The economics of the precautionary principle
- Discounting the distant future: How much do uncertain rates increase valuations?
- Esscher transforms and the minimal entropy martingale measure for exponential Lévy models
- Investing for Retirement
- Loss Models
- Market price of insurance risk implied by catastrophe derivatives
- Mortality risk modeling: applications to insurance securitization
- Optimal technology adoption when the arrival rate of new technologies changes
- Optimal timing problems in environmental economics.
- Pricing catastrophe insurance products based on actually reported claims
- Pricing contingent claims on stocks driven by Lévy processes
- Pricing of catastrophe reinsurance and derivatives using the Cox process with shot noise intensity
Cited in
(8)- Optimal adaptation to uncertain climate change
- Adaptation to climate change: extreme events versus gradual changes
- Optimal investment and abandonment decisions for projects with construction uncertainty
- Seawalls and Stilts: A Quantitative Macro Study of Climate Adaptation
- Mitigating disaster risks in the age of climate change
- Optimal timing of non-pharmaceutical interventions during an epidemic
- Managing risks from climate impacted hazards -- the value of investment flexibility under uncertainty
- Optimal investment and location decisions of a firm in a flood risk area using impulse control theory
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