The process of decision making can be critical in various ways. In particular, because it
determines the path towards or away from sustainable development. In this context, the …

We develop a stochastic decision model to analyse the global competitive dynamics of fossil
fuels and renewable energy. It describes coal, oil/gas, solar and wind. These differ not only …

We investigate how information about the preferences of others affects the persistence of
'bad'social norms. One view is that bad norms thrive even when people are informed of the …

We consider how to optimally allocate investments in a portfolio of competing technologies
using the standard mean-variance framework of portfolio theory. We assume that …

This paper investigates if respondents' choice to not consider all characteristics of a
multiattribute health service may represent preferences. Over the last decade, an increasing …

This article considers an N-firm oligopoly with abating and non-abating firms and analyses a
dynamic setting in which the environmental regulator sets the tax rate to incentivise firms to …

Individuals have heterogeneous beliefs regarding the future speed and shape of the low-
carbon transition. In this paper, we study to what extent opinion diversity matters for …

This paper extends the Marx-Keynes-Schumpeter model in Flaschel (2015) to study the
social dimension of climate change. Agents are divided between those supporting and those …

We develop a dynamic model where heterogeneous firms take investment decisions
depending on their beliefs on future carbon prices. A policy-maker announces a forward …

• Urgent to mitigate climate change•→ Decarbonisation• Markets won't go low-carbon by
themselves•→ Policies needed to modify relative prices• Long-lived capital assets→ Future …