"THE ECONOMICS OF IRREVERSIBLE CHOICES"
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1 DEFAP Graduate School in Public Economics With the contribution of PROGRAMME "THE ECONOMICS OF IRREVERSIBLE CHOICES" BRESCIA, SEPTEMBER 2012 UNIVERSITY OF BRESCIA 1st day 10:00-10:10 Welcome Address Giacomo Corneo (Free University of Berlin) and Sergio Vergalli (University of Brescia) Session 1 10:10-10:45 "Optimal Sequential Sampling Rules for the Economic Evaluation of Health Technologies", Paolo Pertile (University of Verona), Martin Forster (University of York) and Davide La Torre (University of Milan) Discussant: Daniel Heyen (Heidelberg University)
2 10:45-11:20 "Dark Clouds or Silver Linings? Knightian Uncertainty and Climate Change", Yu-Fu Chen (University of Dundee), Michael Funke (Hamburg University) and Nicole Glanemann (Hamburg University) Discussant: Davide Sala (University of Southern Denmark) 11:20-11:35 Coffee Break 11:35-12:10 "Land Conversion Pace Under Uncertainty and Irreversibility: Too Fast or Too Slow?", Luca Di Corato (SLU University), Michele Moretto (University of Padua) and Sergio Vergalli (University of Brescia) Discussant: Peter Kort (Tilburg University) 12:10-12:45 "Optimal Harvesting of a Spatial Renewable Resource", Stefan Behringer (Heidelberg University) and Thorsten Upmann (Duisburg-Essen University) Discussant: Nir Becker (Tel Hai College) 12:45-14:00 Lunch Session 2 14:00-14:45 Keynote Lecture: "Strategic Capacity Investment under Uncertainty", Peter Kort (Tilburg University) 14:45-15:20 "The Clean-Development-Mechanism, Stochastic Permit Prices and Energy Investment", Philipp Hieronymi (University of Illinois) and David Schuller (Duisburg- Essen University) Discussant: Andrianos E. Tsekrekos (Athens University) 15:20-15:55 "Investment under Uncertainty and the Recipient of the Entry Cost", Doron Lavee (Tel Hai Academic College) and Yishay Maoz (The Open University of Israel) Discussant: Paolo Pertile (University of Verona)
3 15:55-16:10 Coffee Break Session 3 16:10-16:45 "Information acquisition under Ambiguity - Why the Precautionary Priciple may keep us uninformed", Timo Goeschl (Heidelberg University), Daniel Heyen (Heidelberg University) and Boris Wiesenfarth (Heidelberg University) Discussant: Nicole Glanemann (Hamburg University) 16:45-17:20 "Irreversible exit decision under mean-reverting uncertainty", Andrianos E. Tsekrekos (Athens University) Discussant: David Schuller (Duisburg-Essen University) 17:20-17:55 "Optimal Regulation of Lumpy Investments", Peter Broer (Netherlands Bureau for Economic Policy Analysis) and Gijsbert Zwart (Tilburg University) Discussant: Yishay Maoz (The Open University of Israel) 19:30-20:00 Conference Dinner
4 DEFAP Graduate School in Public Economics With the contribution of PROGRAMME "THE ECONOMICS OF IRREVERSIBLE CHOICES" BRESCIA, SEPTEMBER 2012 UNIVERSITY OF BRESCIA 2nd day Session 4 09:30-10:05 "Uncertain Productivity Growth and the Choice between FDI and Export", Erdal Yalcin (ifo Institute for Economic Research), and Davide Sala (University of Southern Denmark) Discussant: Grzegorz Mardyla (Kinki University)
5 10:05-10:40 "Random Walk Perception and Information Acquisition in an Interactive Prediction Task Experiment", Hiroshi Izawa (Ritsumeikan University) and Grzegorz Mardyla (Kinki University) Discussant: Stefan Behringer (Heidelberg University) 10:40-10:55 Coffee Break Session 5 10:55-11:30 "Time Overruns as Opportunistic Behavior in Public Procurement", Chiara D'Alpaos (University of Padua), Michele Moretto (University of Padua), Paola Valbonesi (University of Padua) and Sergio Vergalli (University of Brescia) Discussant: Gijsbert Zwart (Tilburg University) 11:30-12:00 "On the commutativity of expansion and substitution effects", Andrea Mantovi (University of Parma) Discussant: Justus Wesseler (Technische Universität München) 12:00-12:30 "Genuine Investment and Irreversibility: The Maximum Incremental Social Tolerable Irreversible Costs Approach", Lina Sofie Böckman (Technische Universität München) and Justus Wesseler (Technische Universität München) Discussant: Andrea Mantovi (University of Parma) 12:30-12:50 "Cost Benefit Analysis of Earthquake early warning system: implementation for Israel", Nir Becker (Tel Hai College) and Doron Lavee (Tel Hai College) 12:50 - End of Conference
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