Quiggin, John - School of Economics, University of Queensland - 2013
The problem of climate change has been described as ‘a unique challenge for economics: it is the greatest and. widest …-ranging market failure ever seen’ (Stern 2007, p. i). Among the factors that make climate change a difficult, the most important …, arguably, is uncertainty about the future course of climate change, and the effect of policies aimed at mitigating climate …