Results for 'asset pricing'

486 found
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  1. The Impact of Default Dependency and Collateralization on Asset Pricing and Credit Risk Modeling.Tim Xiao - manuscript
    This article presents a comprehensive framework for valuing financial instruments subject to credit risk. In particular, we focus on the impact of default dependence on asset pricing, as correlated default risk is one of the most pervasive threats in financial markets. We analyze how swap rates are affected by bilateral counterparty credit risk, and how CDS spreads depend on the trilateral credit risk of the buyer, seller, and reference entity in a contract. Moreover, we study the effect of (...)
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  2. A New Model for Pricing Collateralized Financial Derivatives.Tim Xiao - 2017 - Journal of Derivatives 24 (4):8-20.
    This paper presents a new model for pricing OTC derivatives subject to collateralization. It allows for collateral posting adhering to bankruptcy laws. As such, the model can back out the market price of a collateralized contract. This framework is very useful for valuing outstanding derivatives. Using a unique dataset, we find empirical evidence that credit risk alone is not overly important in determining credit-related spreads. Only accounting for both collateral arrangement and credit risk can sufficiently explain unsecured credit costs. (...)
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  3. Pricing Financial Derivatives Subject to Multilateral Credit Risk and Collateralization.Tim Xiao - manuscript
    This article presents a new model for valuing financial contracts subject to credit risk and collateralization. Examples include the valuation of a credit default swap (CDS) contract that is affected by the trilateral credit risk of the buyer, seller and reference entity. We show that default dependency has a significant impact on asset pricing. In fact, correlated default risk is one of the most pervasive threats in financial markets. We also show that a fully collateralized CDS is not (...)
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  4. An Economic Examination of Collateralization in Different Financial Markets.Tim Xiao - manuscript
    This paper attempts to assess the economic significance and implications of collateralization in different financial markets, which is essentially a matter of theoretical justification and empirical verification. We present a comprehensive theoretical framework that allows for collateralization adhering to bankruptcy laws. As such, the model can back out differences in asset prices due to collateralized counterparty risk. This framework is very useful for pricing outstanding defaultable financial contracts. By using a unique data set, we are able to achieve (...)
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  5. Essential Microeconomics.John G. Riley - 2012 - Cambridge University Press.
    Essential Microeconomics is designed to help students deepen their understanding of the core theory of microeconomics. Unlike other texts, this book focuses on the most important ideas and does not attempt to be encyclopedic. Two-thirds of the textbook focuses on price theory. As well as taking a new look at standard equilibrium theory, there is extensive examination of equilibrium under uncertainty, the capital asset pricing model, and arbitrage pricing theory. Choice over time is given extensive coverage and (...)
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  6. Non-Arbitrage In Financial Markets: A Bayesian Approach for Verification.Julio Michael Stern & Fernando Valvano Cerezetti - 2012 - AIP Conference Proceedings 1490:87-96.
    The concept of non-arbitrage plays an essential role in finance theory. Under certain regularity conditions, the Fundamental Theorem of Asset Pricing states that, in non-arbitrage markets, prices of financial instruments are martingale processes. In this theoretical framework, the analysis of the statistical distributions of financial assets can assist in understanding how participants behave in the markets, and may or may not engender arbitrage conditions. Assuming an underlying Variance Gamma statistical model, this study aims to test, using the FBST (...)
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  7. The Valuation of Credit Default Swap with Counterparty Risk and Collateralization.Tim Xiao - manuscript
    This article presents a new model for valuing a credit default swap (CDS) contract that is affected by multiple credit risks of the buyer, seller and reference entity. We show that default dependency has a significant impact on asset pricing. In fact, correlated default risk is one of the most pervasive threats in financial markets. We also show that a fully collateralized CDS is not equivalent to a risk-free one. In other words, full collateralization cannot eliminate counterparty risk (...)
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  8. Application of combined modeling methods for estimating and forecasting the business value of international corporations.Igor Kryvovyazyuk, Serhii Smerichevskyi, Olha Myshko, Iryna Oleksandrenko, Viktoriia Dorosh & Tetiana Visyna - 2020 - International Journal of Management 11 (7):1000-1007.
    The purpose of the research is to study the feasibility of using the combined modeling method in evaluation of business value. Modern approaches and methods of evaluating business value and the possibilities of combining them are explored. The peculiarities of the methodology of evaluating the business value by methods of Gordon Growth Model and Exit Multiple are disclosed. During the research the fair value of Luxoft company and the reasons for its deviation from the cost of sale are found. Luxoft’s (...)
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  9. Il concetto di eros in Le deuxième sexe di Simone de Beauvoir.Sergio Volodia Marcello Cremaschi - 1976 - In Virgilio Melchiorre, Costante Portatadino, Alberto Bellini, Eliseo Ruffini, Mario Lombardo, Maria Teresa Parolini, Sergio Cremaschi, Roberto Nebuloni & Gianpaolo Romanato (eds.), Amore e matrimonio nel pensiero filosofico e teologico moderno. A cura di Virgilio Melchiorre. Milano: Vita e Pensiero. pp. 296-318..
    1. The most original discovery in Beauvoir’s book is one more Columbus’s egg, namely that it is far from evident that a woman is a woman. That is, she discovers that a woman is the result of a process that made so that she is like she is. The paper discusses two aspects of the so-to-say ‘ideology’ inspiring the work. The first is its ideology in the proper, Marxian sense. My claim is that the work still pays a heavy price (...)
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  10. Sustainable Marketing Strategies for Micro, Small, and Medium Enterprises Amidst COVID-19 Pandemic.Juvelle U. Ujano - 2024 - International Journal of Multidisciplinary Educational Research and Innovation 2 (1):76- 95.
    This study aimed to determine the sustainable marketing strategies for micro, small, and medium enterprises (MSMEs) amidst the COVID-19 pandemic. In this research technique, a quantitative descriptive survey was utilized to examine 363 MSMEs in designated cities and municipalities in Pangasinan, such as Binmaley, Calasiao, Dagupan City, Mangaldan, San Carlos City, Santa Barbara, and Urdaneta City, all registered with the Department of Trade and Industry (DTI). According to the findings, manufacturing is the primary industry for most respondents; they are sole (...)
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  11. Cryptocurrency: Value Formation Factors and Investment Risks.Olena Pakhnenko, Pavlo Rubanov, Olga Girzheva, Larysa Ivashko, Igor Britchenko & Liliia Kozachenko - 2022 - Journal of Information Technology Management 14:179 – 200.
    Scientific sources demonstrate different attitudes of researchers to cryptocurrencies because they treat them as a category of currency, virtual money, commodity, etc. Accordingly, the relation to the valuation and risk of cryptocurrency as an investment object is different. The purpose of the article is to identify cryptocurrency value formation factors and determine the risks of investing in cryptocurrency. Cryptocurrency is simultaneously considered a currency, an asset with uncertain income, and a specific product, the price of which is determined by (...)
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  12. Essays on Farm Household Decision-Making: Evidence from Vietnam.Vu Minh Hien - 2013 - Dissertation, University of Trento
    This thesis contains three studies which provide theoretical analysis and empirical evidence on the decision-making of farm households under shocks and imperfect markets in Vietnam. The first study attempts to investigate the effects of the 2007-08 global food crisis on the investment, saving and consumption decisions of household producers by using the panel data of the Vietnam Household Living Standard Survey (VHLSS), covering 2006 and 2008. The results show that the high food prices had a positive effect on only fixed (...)
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  13. Cryptocurrency functioning in the global economy.Nataliya Krasnikova, N. V. Stukalo & O. Balash - 2018 - Visnyk of Dnipro University. Ser. World Economy and International Economic Relations 10:109-119.
    The article reveals a conceptual basis of the cryptocurrency functioning. The main types of cryptocurrencies are featured and analyzed as well as their general strengths and weaknesses. Based on the price dynamics correlation analysis of some cryptocurrency types, a general low level of dependence between digital assets is established. The main functions of the cryptocurrency are formulated in the form of transformed money functions. Also, additional functions of cryptocurrencies are defined on the basis of their innovative nature, as well as (...)
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  14. Causation, Intervention and Agency—Woodward on Menzies and Price.Huw Price - 2017 - In Helen Beebee, Christopher Hitchcock & Huw Price (eds.), Making a Difference: Essays on the Philosophy of Causation. Oxford: Oxford University Press. pp. 73-98.
    In his influential book 'Making Things Happen' and in other places, Jim Woodward has noted some affinities between his own account of causation and that of Menzies and Price, but argued that the latter view is implausibly ‘subjective’. In this piece I discuss Woodward’s criticisms. I argue that the Menzies and Price view is not as different from Woodward’s own account as he believes, and that in so far as it is different, it has some advantages whose importance Woodward misses; (...)
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  15. Global expressivism and alethic pluralism.Huw Price - 2022 - Synthese 200 (5):1-55.
    This paper discusses the relation between Crispin Wright’s alethic pluralism and my global expressivism. I argue that on many topics Wright’s own view counts as expressivism in my sense, but that truth itself is a striking exception. Unlike me, Wright never seems to countenance an expressivist account of truth, though the materials needed are available to him in his approaches to other topics.
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  16. Ramsey, Reference and Reductionism.Huw Price - manuscript
    This is an unpublished piece from July 1998. It discusses the use of semantic notions such as reference in the Canberra Plan, the question whether this use creates a problematic circularity if the Canberra Plan is applied to the semantic notions themselves, and the relation of this question to Putnam’s model-theoretic argument. I used some of the ideas in later papers such as (Price 2004, 2009) and (Menzies & Price, 2009), but the bulk of discussion of the relation of my (...)
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  17. The Time-Asymmetry of Causation.Huw Price & Brad Weslake - 2009 - In Helen Beebee, Christopher Hitchcock & Peter Menzies (eds.), The Oxford Handbook of Causation. Oxford University Press UK. pp. 414-443.
    One of the most striking features of causation is that causes typically precede their effects – the causal arrow is strongly aligned with the temporal arrow. Why should this be so? We offer an opinionated guide to this problem, and to the solutions currently on offer. We conclude that the most promising strategy is to begin with the de facto asymmetry of human deliberation, characterised in epistemic terms, and to build out from there. More than any rival, this subjectivist approach (...)
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  18. Location, location, location.Huw Price - manuscript
    This piece was written as my Presidential Address at the Annual Conference of the Australasian Association of Philosophy, held at Melbourne University in July 1999. I discuss the view ‘that we can’t describe or theorise about the world from outside language.’ I call this idea ‘linguistic imprisonment’, and take it to be a platitude, although one that is interpreted very differently by different philosophers. In so far as language does depend on contingencies of our own ‘location’, how should we theorise (...)
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  19. Calling Attention to Elephants.Huw Price - manuscript
    This essay is my contribution to a celebratory volume for Mr Peter Ho, former head of Singapore's Civil Service, from whom I learned the phrase ‘black elephant’. I reflect on four elephants among my own interests: in other words, big things (in my estimation), in clear sight but invisible to many eyes. They are: (i) retrocausality in quantum theory; (ii) child conscription and the monarchy; (iii) AI risk; and (iv) cold fusion. As I say in the piece, my little herd (...)
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  20. Time for Pragmatism.Huw Price - forthcoming - In Josh Gert (ed.), Neopragmatism.
    Are the distinctions between past, present and future, and the apparent ‘passage’ of time, features of the world in itself, or manifestations of the human perspective? Questions of this kind have been at the heart of metaphysics of time since antiquity. The latter view has much in common with pragmatism, though few in these debates are aware of that connection, and few of the view’s proponents think of themselves as pragmatists. For their part, pragmatists are often unaware of this congenial (...)
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  21. Nature and the machines.Huw Price & Matthew Connolly - manuscript
    Does artificial intelligence (AI) pose existential risks to humanity? Some critics feel this question is getting too much attention, and want to push it aside in favour of conversations about the immediate risks of AI. These critics now include the journal Nature, where a recent editorial urges us to 'stop talking about tomorrow's AI doomsday when AI poses risks today.' We argue that this is a serious failure of judgement, on Nature's part. In science, as in everyday life, we expect (...)
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  22. "Click!" Bait for Causalists.Huw Price & Yang Liu - 2018 - In Arif Ahmed (ed.), Newcomb's Problem. Cambridge University Press. pp. 160-179.
    Causalists and Evidentialists can agree about the right course of action in an (apparent) Newcomb problem, if the causal facts are not as initially they seem. If declining $1,000 causes the Predictor to have placed $1m in the opaque box, CDT agrees with EDT that one-boxing is rational. This creates a difficulty for Causalists. We explain the problem with reference to Dummett's work on backward causation and Lewis's on chance and crystal balls. We show that the possibility that the causal (...)
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  23. From Non-cognitivism to Global Expressivism: Carnap’s Unfinished Journey?Huw Price - forthcoming - In Christian Dambock & Georg Schiemer (eds.), Rudolf Carnap Handbuch. Metzler Verlag.
    Carnap was one of the first to use the term 'non-cognitivism'. His linguistic pluralism and voluntarism, and his deflationary views of ontology and semantics, are highly congenial to those of us who want to take non-cognitivism in the direction of global expressivism. In his own case, however, this move is in tension with his continued endorsement of what he calls 'the general thesis of logical empiricism', that 'there is no third kind of knowledge besides empirical and logical knowledge.’ So while (...)
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  24. Facts and the Function of Truth.Huw Price - 1988 - New York, NY, USA: Blackwell.
    Many areas of philosophy employ a distinction between factual and non-factual (descriptive/non-descriptive, cognitive/non-cognitive, etc) uses of language. This book examines the various ways in which this distinction is normally drawn, argues that all are unsatisfactory, and suggests that the search for a sharp distinction is misconceived. The book develops an alternative approach, based on a novel theory of the function and origins of the concept of truth. The central hypothesis is that the main role of the normative notion of truth (...)
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  25. Gibbard on Quasi-realism and Global Expressivism.Huw Price - 2023 - Topoi 42 (3):683-697.
    In recent work Allan Gibbard claims to be both a local quasi-realist, in Blackburn’s sense, and a global expressivist. His local quasi-realism rests on an argument that for naturalistic discourse but not ethical discourse, the semantic relation of denotation and the causal relation of tracking can and should be identified; that denoting simply is tracking, for naturalistic vocabulary. I argue that Gibbard’s case for this conclusion is unconvincing, and poorly motivated by his own expressivist standards. I also argue that even (...)
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  26. Choice and Action in Aristotle.A. W. Price - 2016 - Phronesis 61 (4):435-462.
    There is a current debate about the grammar of intention: do I intend to φ, or that I φ? The equivalent question in Aristotle relates especially to choice. I argue that, in the context of practical reasoning, choice, as also wish, has as its object an act. I then explore the role that this plays within his account of the relation of thought to action. In particular, I discuss the relation of deliberation to the practical syllogism, and the thesis that (...)
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  27. The Problem of the Single Case.Huw Price - 1981 - Dissertation, Cambridge University
    This is my Cambridge PhD thesis, written under the supervision of Hugh Mellor and Richard Healey, and examined by Mary Hesse and Simon Blackburn. It addresses what it takes to be the core of the problem of single case probability, namely, the interpretation of claims such as ‘It is probable that P’ (where the probabilistic component occurs as a sentential or propositional operator). I argue that claims of this form are not genuinely truth-apt, and that such operators modify the force, (...)
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  28. Hume’s Two Causalities and Social Policy: Moon Rocks, Transfactuality, and the UK’s Policy on School Absenteeism.Leigh Price - 2014 - Journal of Critical Realism 13 (4):385-398.
    Hume maintained that, philosophically speaking, there is no difference between exiting a room out of the first-floor window and using the door. Nevertheless, Hume’s reason and common sense prevailed over his scepticism and he advocated that we should always use the door. However, we are currently living in a world that is more seriously committed to the Humean philosophy of empiricism than he was himself and thus the potential to act inappropriately is an ever-present potential. In this paper, I explore (...)
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  29. Frege’s Unmanageable Thing.Michael Price - 2018 - Grazer Philosophische Studien 95 (3):368-413.
    _ Source: _Volume 95, Issue 3, pp 368 - 413 Frege famously maintained that concepts are not objects. A key argument of Frege’s for this view is, in outline, as follows: if we are to account for the unity of thought, concepts must be deemed _unsaturated_; since objects are, by contrast, saturated entities, concepts cannot be objects. The author investigates what can be made of this argument and, in particular, of the unsaturated/saturated distinction it invokes. Systematically exploring a range of (...)
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  30. The Practical Arrow.Huw Price - forthcoming - Australasian Philosophical Review.
    Ismael traces our sense that the past is fixed and the future open to what she calls ‘the practical arrow’ – ‘the sense that we can affect the future but not the past.’ In this piece I draw a sharper distinction than Ismael herself does between agents and mere observers, even self-referential observers; and I use it to argue that Ismael’s explanation of the practical arrow is incomplete. To explain our inability to affect the past we need to appeal to (...)
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  31. Review of Zalabardo, Pragmatist Semantics (OUP, 2023). [REVIEW]Huw Price - forthcoming - Mind.
    This is a review of Zalabardo's Pragmatist Semantics (OUP, 2023), forthcoming in Mind.
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  32. The Use of Force in a Theory of Meaning.Huw Price - manuscript
    This piece was written circa 1982–83, drawing in part on material from my PhD thesis (The Problem of the Single Case, Cambridge, 1981). In the thesis I proposed what would now be called an expressivist account of judgements of the form ‘It is probable that p’. One chapter, on which this paper builds, tried to defend the view against the Frege-Geach argument. This piece earned a revise and resubmit from Philosophical Review, but was never resubmitted. Parts of it made their (...)
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  33. (1 other version)The experimental use of introspection in the scientific study of pain and its integration with third-person methodologies: The experiential-phenomenological approach.Murat Aydede & Donald D. Price - 2005 - In Pain: New Essays on its Nature and the Methodology of its Study. MIT Press. pp. 243--273.
    Understanding the nature of pain depends, at least partly, on recognizing its subjectivity (thus, its first-person epistemology). This in turn requires using a first-person experiential method in addition to third-person experimental approaches to study it. This paper is an attempt to spell out what the former approach is and how it can be integrated with the latter. We start our discussion by examining some foundational issues raised by the use of introspection. We argue that such a first-person method in the (...)
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  34. Facts and the Function of Truth, Extended Edition (draft).Huw Price - manuscript
    This is a draft of a new extended edition of Facts and the Function of Truth (Blackwell, 1988), forthcoming from Oxford University Press. If you wish to cite it before the final version appears, please refer to it as ‘Facts and the Function of Truth, Extended Edition (draft)’, including the URL at PhilPapers, and date of access.
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  35. What Makes Time Special?Huw Price - 2019 - Philosophical Review 128 (2):250-254.
    This is my review of Craig Callender's book What Makes Time Special?
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  36. Ramsey and Joyce on Deliberation and Prediction.Yang Liu & Huw Price - 2020 - Synthese 197:4365-4386.
    Can an agent deliberating about an action A hold a meaningful credence that she will do A? 'No', say some authors, for 'Deliberation Crowds Out Prediction' (DCOP). Others disagree, but we argue here that such disagreements are often terminological. We explain why DCOP holds in a Ramseyian operationalist model of credence, but show that it is trivial to extend this model so that DCOP fails. We then discuss a model due to Joyce, and show that Joyce's rejection of DCOP rests (...)
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  37. Heart of DARCness.Yang Liu & Huw Price - 2019 - Australasian Journal of Philosophy 97 (1):136-150.
    There is a long-standing disagreement in the philosophy of probability and Bayesian decision theory about whether an agent can hold a meaningful credence about an upcoming action, while she deliberates about what to do. Can she believe that it is, say, 70% probable that she will do A, while she chooses whether to do A? No, say some philosophers, for Deliberation Crowds Out Prediction (DCOP), but others disagree. In this paper, we propose a valid core for DCOP, and identify terminological (...)
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  38. Naming the concept horse.Michael Price - 2016 - Philosophical Studies 173 (10):2727-2743.
    Frege’s rejection of singular reference to concepts is centrally implicated in his notorious paradox of the concept horse. I distinguish a number of claims in which that rejection might consist and detail the dialectical difficulties confronting the defense of several such claims. Arguably the least problematic such claim—that it is simply nonsense to say that a concept can be referred to with a singular term—has recently received a novel defense due to Robert Trueman. I set out Trueman’s argument for this (...)
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  39. self-love and sociability: the 'rudiments of commerce' in the state of nature.Peter Xavier Price - 2018 - Modern Intellectual History.
    Istvan Hont’s classic work on the theoretical links between the seventeenth-century natural jurists Hugo Grotius and Samuel Pufendorf and the eighteenth-century Scottish political economists remains a popular trope among intellectual and economic historians of various stamps. Despite this, a common criticism levelled at Hont remains his relative lack of engagement with the relationship between religion and economics in the early modern period. This paper challenges this aspect of Hont’s narrative by drawing attention to an alternative, albeit complementary, assessment of the (...)
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  40. Exchange on "Truth as convenient friction".Richard Rorty & Huw Price - 2010 - In Mario De Caro & David Macarthur (eds.), Naturalism and Normativity. Cambridge University Press.
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  41. Editorial to “Decision theory and the future of AI”.Yang Liu, Stephan Hartmann & Huw Price - 2021 - Synthese 198 (Suppl 27):6413-6414.
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  42. Arntzenius on ‘Why ain’cha rich?’.Arif Ahmed & Huw Price - 2012 - Erkenntnis 77 (1):15-30.
    The best-known argument for Evidential Decision Theory (EDT) is the ‘Why ain’cha rich?’ challenge to rival Causal Decision Theory (CDT). The basis for this challenge is that in Newcomb-like situations, acts that conform to EDT may be known in advance to have the better return than acts that conform to CDT. Frank Arntzenius has recently proposed an ingenious counter argument, based on an example in which, he claims, it is predictable in advance that acts that conform to EDT will do (...)
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  43. Wittgenstein's Early Philosophy, [edited] by José L.Zalabardo. Oxford: Oxford University Press, 2012, viii + 274 pp. ISBN 978-0-19-969152-4 £31.50. [REVIEW]Michael Price - 2015 - European Journal of Philosophy 23 (S1):e9-e14.
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  44. The Molecular Sememe: A Model for Literary Interpretation.T. Price Caldwell - 2000 - Meisei Review 15:155-162.
    In this paper I propose to describe, in brief, a semiotic paradigm which results from the redefinition of the linguistic sign as a molecular sememe. Borrowing a tactic from Wittgenstein, I wish to use the game of chess as an analogy for the sake of describing what a molecular sememe is. Then I hope to use it further to sketch several implications of this semiotic paradigm for literary criticism and critical theory.
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  45. (1 other version)Socrates in the schools: Gains at three-year follow-up.Frank Fair, Lory E. Haas, Carol Gardoski, Daphne Johnson, Debra Price & Olena Leipnik - 2015 - Journal of Philosophy in Schools 2 (2).
    Three recent research reports by Topping and Trickey, by Fair and colleagues, and by Gorard, Siddiqui and Huat See have produced data that support the conclusion that a Philosophy for Children program of one-hour-per-week structured discussions has a marked positive impact on students. This article presents data from a follow up study done three years after the completion of the study reported in Fair et al.. The data show that the positive gains in scores on the Cognitive Abilities Test were (...)
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  46. Carbon pricing ethics.Kian Mintz-Woo - 2022 - Philosophy Compass 17 (1):e12803.
    The three main types of policies for addressing climate change are command and control regulation, carbon taxes (or price instruments), and cap and trade (or quantity instruments). The first question in the ethics of carbon pricing is whether the latter two (price and quantity instruments) are preferable to command and control regulation. The second question is, if so, how should we evaluate the relative merits of price and quantity instruments. I canvass relevant arguments to explain different ways of addressing (...)
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  47. The Price Equation.Alan Macdonald - manuscript
    I give concise derivations of Price's equation and the criteria for kin and group selection, prove that kin and group selection are equivalent, and discuss the controversies about altruism.
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  48. Pricing Medicine Fairly.Robert C. Hughes - 2020 - Philosophy of Management 19 (4):369-385.
    Recently, dramatic price increases by several pharmaceutical companies have provoked public outrage. These scandals raise questions both about how pharmaceutical firms should be regulated and about how pharmaceutical executives ethically ought to make pricing decisions when drug prices are largely unregulated. Though there is an extensive literature on the regulatory question, the ethical question has been largely unexplored. This article defends a Kantian approach to the ethics of pharmaceutical pricing in an unregulated market. To the extent possible, pharmaceutical (...)
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  49. Huw Price.Catherine Legg - 2010 - In Graham Robert Oppy, Nick Trakakis, Lynda Burns, Steven Gardner & Fiona Leigh (eds.), A companion to philosophy in Australia & New Zealand. Clayton, Victoria, Australia: Monash University Publishing.
    A review of the life and work of the Australian philosopher Huw Price.
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  50. Carbon Pricing and COVID-19.Kian Mintz-Woo, Francis Dennig, Hongxun Liu & Thomas Schinko - 2021 - Climate Policy 21 (10):1272-1280.
    A question arising from the COVID-19 crisis is whether the merits of cases for climate policies have been affected. This article focuses on carbon pricing, in the form of either carbon taxes or emissions trading. It discusses the extent to which relative costs and benefits of introducing carbon pricing may have changed in the context of COVID-19, during both the crisis and the recovery period to follow. In several ways, the case for introducing a carbon price is stronger (...)
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