Uncertainty plays a key role in the economics of climate change, and the discussions surrounding its implications for … climate policy are far from settled. We give an overview of the literature on uncertainty in integrated assessment models of … complementary approaches that model uncertainty in association with integrated assessment models: the discrete uncertainty modeling …

Government to induce adequate participation in a conservation plan. We study the impact of uncertainty on the optimal conversion … landholders under uncertainty about the value of environmental services and irreversible development. We study land conversion … of deforestation. Interestingly, we show that uncertainty, even if it induces conversion postponement in the short …

adequate participation in a conservation plan. We analytically determine the impact of uncertainty and optimal policy …In this paper stochastic dynamic programming is used to investigate habitat conservation by a multitude of landholders … under uncertainty about the value of environmental services and irreversible development. We study land conversion under …

of the local berths endowment (i. e. a higher vessels transit in the Lagoon) is more effective for nature conservation …

implications for the design of efficient public conservation programmes. …

In this paper we study the optimal forest conservation policy by a hyperbolically discounting society. Society … uncertainty about future pay-offs we determine, as solution of an intergenerational dynamic game, the optimal timing of …

This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte … small sized oil fields are more sensitive to changes in the uncertainty factors than the large and medium sized oil fields …. Furthermore, among the uncertainty factors considered in the model, the investment risk of overseas oil investment may be …