BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//132.216.98.100//NONSGML kigkonsult.se iCalcreator 2.20.4//
BEGIN:VEVENT
UID:20250312T222844EDT-1017Z9cBjL@132.216.98.100
DTSTAMP:20250313T022844Z
DESCRIPTION:Vishal Agrawal\n\nMcDonough School of Business\n	Georgetown Univ
 ersity\n\nDelivery Terms for Voluntary Carbon Offsets\n\nDate: Friday\, Ma
 rch 14\, 2025\n	Time: 10:00 - 11:00 am\n	Location: Armstrong Building\, Room
  375\n\n\nAbstract\n\nIn addition to abating their emissions\, corporation
 s purchase carbon offsets for voluntary decarbonization targets\, such as 
 reaching net-zero emissions. A carbon offset represents emissions reductio
 n achieved by a developer through investments in projects\, such as forest
 ry and renewable energy. Corporations purchase offsets under two delivery 
 terms. The first is forward delivery\, where the buyer orders a certain qu
 antity before the seller undertakes the investment and yield uncertainty r
 ealizes. The second is prompt delivery\, where the seller invests and unce
 rtainty realizes\, before the buyer orders offsets. Motivated by the impor
 tance of choosing the right delivery term for buyers and sellers\, in this
  paper\, we investigate economic and environmental implications of these d
 elivery terms. Our results offer several managerial insights: First\, a se
 ller should prefer forward delivery if investment cost is low\, but prompt
  delivery otherwise. Although one would expect that the delivery term that
  enables the seller to make a higher investment results in a higher profit
 \, we find that prompt delivery may lead to a higher profit despite lower 
 investment. Second\, a buyer should prefer forward delivery only for a pro
 ject with either a low or high investment cost. Interestingly\, the delive
 ry term that leads to a lower cost for the buyer may actually require high
 er abatement. Finally\, environmental groups should promote forward delive
 ry only for a project with a low investment cost. Moreover\, when the buye
 r and seller prefer different delivery terms\, the one preferred by the se
 ller leads to greater emissions reduction\, and should be promoted by envi
 ronmental groups. (Joint work with Safak Yucel and Gokce Esenduran).\n
DTSTART:20250314T140000Z
DTEND:20250314T150000Z
LOCATION:Room 375\, Donald E. Armstrong Building\, CA\, QC\, Montreal\, H3A
  3L1\, 3420 rue McTavish
SUMMARY:Management Science Research Centre (MSRC) Seminar: Vishal Agrawal
URL:/desautels/channels/event/management-science-resea
 rch-centre-msrc-seminar-vishal-agrawal-364165
END:VEVENT
END:VCALENDAR