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A branch of economics focusing on monetary activities, in which money of one type or another is likely to appear on both sides of a trade
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Exponential utility with distance to the average carbon emissions of the industry
I am writing a thesis on sustainable finance and I am considering a game where the 2 players are firms wishing to maximize firm value through an investment in green technology to reduce carbon emissio …
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Can we use the utility of discounted flows to do asset pricing?
Is it possible to do asset pricing by using the expected utility of the present value of all future discounted cash flows ? I aim to use this utility function to define an optimal portfolio, but I hav …