Mitigating global warming: a real options approach
作者: Marc ChesneyPierre LasserreBruno Troja
作者单位: 1University of Zurich, IBF
2Université du Québec à Montréal, ESG
刊名: Annals of Operations Research, 2017, Vol.255 (1-2), pp.465-506
来源数据库: Springer Journal
DOI: 10.1007/s10479-016-2258-5
关键词: AdaptationMitigationReal optionsDelayTipping pointClimate change\(\hbox {CO}_2\)Gross domestic product
英文摘要: Mitigation and adaptation represent two solutions to the issue of global warming. While mitigation aims at reducing \(\hbox {CO}_2\) emissions and preventing climate change, adaptation encompasses a broad scope of techniques used to reduce the impacts of climate change once they have occurred. Both have direct costs on a country’s gross domestic product, but costs also arise from temperature increases due to inaction. This paper introduces a tipping point in a real options model and analyzes optimal investment choices in mitigation and their timing.
原始语种摘要: Mitigation and adaptation represent two solutions to the issue of global warming. While mitigation aims at reducing \(\hbox {CO}_2\) emissions and preventing climate change, adaptation encompasses a broad scope of techniques used to reduce the impacts of climate change once they have occurred. Both have direct costs on a country’s gross domestic product, but costs also arise from temperature increases due to inaction. This paper introduces a tipping point in a real options model and analyzes optimal investment choices in mitigation and their timing.
全文获取路径: Springer  (合作)
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影响因子:1.029 (2012)

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关键词翻译
关键词翻译
  • options 保留购买权
  • approach 
  • global 球状的
  • costs 费用
  • domestic 国产的
  • country 地方
  • warming 加温
  • optimal 最佳的
  • change 变化
  • issue