Investments Term Paper
نویسنده
چکیده
منابع مشابه
Climate Contracts: A Game of Emissions, Investments, Negotiations, and Renegotiations
The paper presents a dynamic game where players contribute to a public bad, invest in technologies, and write incomplete contracts. Despite the n +1 stocks in the model, the analysis is tractable and the symmetric Markov perfect equilibrium unique. If only the contribution levels are contractible, then investments are suboptimally small if the contract is short term or close to its expiration d...
متن کاملValuation of Long-Term Investments in Energy Assets under Uncertainty
This paper aims to contribute to the development of valuation models for long-term investments while keeping an eye on market prices. The adopted methodology is rooted on the existence of markets for futures and options on commodities related to energy investments. These markets are getting ever-increasingly liquid with ever-longer maturities while trading contracts. We discuss the advantages o...
متن کاملLarge Shareholder Trading and Investment Complexity
Complex investments are investments that are difficult to value in the short-term. In this paper, we analyze the incentives of a manager who is compensated based on short-term stock prices to invest in complex long-term investments. In particular, we explore how the manager’s investment decision is affected by the presence of a large institutional shareholder whose horizon is finite. The analys...
متن کاملFood-for-work for Poverty Reduction and the Promotion of Sustainable Land Use: Can It Work?
Food-for-work (FFW) programs are commonly used both for short-term relief and long-term development purposes. In this paper we assess the potential of FFW programs to reduce poverty and promote sustainable land use in the longer run. There is a danger that such programs distort labor allocation or crowd out private investments and therefore have negative side effects. How important are such eff...
متن کاملAdaptation and mitigation in long-term climate policies
The paper analytically explores the optimal policy mix between mitigation and environmental adaptation against climate change at a macroeconomic level. The constructed economicenvironmental model is formulated as a social planner problem with the adaptation and abatement investments as separate decision variables. The authors prove the existence of a unique steady state and provide a comparativ...
متن کامل