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Articles 1 - 6 of 6
Full-Text Articles in Social and Behavioral Sciences
Optimal Control For Transboundary Pollution Under Ecological Compensation: A Stochastic Differential Game Approach, Ke Jiang, Ryan Knowles Merrill, Daming You, Pan Pan
Optimal Control For Transboundary Pollution Under Ecological Compensation: A Stochastic Differential Game Approach, Ke Jiang, Ryan Knowles Merrill, Daming You, Pan Pan
Research Collection Lee Kong Chian School Of Business
To account for previously ignored, yet widely observed uncertainty in nature's capability to replenish the natural environment in ways that should inform ideal design of ecological compensation (EC) regimes, this study constructs a stochastic differential game (SDG) model to analyze transboundary pollution control options between a compensating and compensated region. Equilibrium strategies in the stochastic, two player game inform optimal control theory and reveal a welfare distribution mechanism to form the basis of an improved cooperative game contract. A case-based numerical example serves to verify the theoretical results and supports three key insights. First, accounting for various random disturbance factors, …
The Spirulina Strategy, Singapore Management University
The Spirulina Strategy, Singapore Management University
Perspectives@SMU
This is an adapted version of the SMU Case, “Navigating an Eternal Ocean: EnerGaia’s Emergent Strategy in the Market for Spirulina" written by Research Fellow Ryan Merrill and Assistant Professor Simon Schillebeeckx. To see the full case, please click on the following link: https://cmp.smu.edu.sg/case/3986
EnerGaia began life trying to address nutrition issues in the developing world. The prospect of profit is testing its founder to balance both or choose one over the other
Commentary: How Effectively Can Singapore Adapt To Sea Level Rise?, Winston T. L. Chow
Commentary: How Effectively Can Singapore Adapt To Sea Level Rise?, Winston T. L. Chow
Research Collection School of Social Sciences
Even as Singapore strives to adapt to rising sea levels, let’s not win that battle yet end up losing the larger war against climate change, says the Singapore Management University’s Winston Chow.
The Uk Summer Heatwave Of 2018 And Public Concern Over Energy Security, Shaun Larcom, Po-Wen She, Terry Van Gevelt
The Uk Summer Heatwave Of 2018 And Public Concern Over Energy Security, Shaun Larcom, Po-Wen She, Terry Van Gevelt
Research Collection College of Integrative Studies
The UK summer heatwave of 2018 led to changes in consumer behaviour, including large increases in electricity demand due to increased use and intensity of refrigeration and air-conditioning devices1,2. Although the United Kingdom experienced its equal hottest summer on record, the extreme temperatures were concentrated in the south and east of England3. Here we exploit the regional variation to test for the effect of experiencing extreme temperatures on perceptions of resource security and on related pro-environmental behaviour. We analyse data from 2,189 individuals across the UK over a 7 day period and use a difference-in-differences estimation to compare responses of …
Implementation Of A Multi-Agent Environmental Regulation Strategy Under Chinese Fiscal Decentralization: An Evolutionary Game Theoretical Approach, Ke Jiang, Daming You, Ryan Knowles Merrill, Zhendong Li
Implementation Of A Multi-Agent Environmental Regulation Strategy Under Chinese Fiscal Decentralization: An Evolutionary Game Theoretical Approach, Ke Jiang, Daming You, Ryan Knowles Merrill, Zhendong Li
Research Collection Lee Kong Chian School Of Business
Evolutionary game theory (EGT) provides a powerful tool with which to unpack the interactive strategies of polluting enterprises (PEs), local government regulators (LG), and central government planners (CG) in China. Here, the prevailing institutional system of fiscal decentralization sees regulatory mandates set by the CG and enforced at the LG level. This delegation shapes managers' incentives when deciding the degree to which firms will incur costs to reduce pollution and comply with state directives. Manager's choice sets draw shape from decisions at the LG level, where regulators balance the pursuit of environmental quality with the economic payoffs of tacit collusion …
Climate Risks And Market Efficiency, Harrison Hong, Frank Weikai Li, Jiangmin Xu
Climate Risks And Market Efficiency, Harrison Hong, Frank Weikai Li, Jiangmin Xu
Research Collection Lee Kong Chian School Of Business
Climate science finds that the trend towards higher global temperatures exacerbates the risks of droughts. We investigate whether the prices of food stocks efficiently discount these risks. Using data from thirty-one countries with publicly-traded food companies, we rank these countries each year based on their long-term trends toward droughts using the Palmer Drought Severity Index. A poor trend ranking for a country forecasts relatively poor profit growth for food companies in that country. It also forecasts relatively poor food stock returns in that country. This return predictability is consistent with food stock prices underreacting to climate change risks.