consistent with the decoupling hypothesis. By contrast, however, the current financial crisis has had a significant effect on …

We introduce a “smart” cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty …

rulings at the European Court of Justice (ECJ) are uncertain. We find that higher uncertainty about the preferences of the ECJ …

risk preferences. Here, we develop an analogous tool for choice under uncertainty – the ambiguity triangle – and show that …

is comparable to numeric models used in policy advising. Uncertainty surrounding climate change remains large. The closed …-form expressions of welfare loss from shocks and epistemological uncertainty identify the interaction of (intertemporal) risk attitude …, distributional moments, and the climatic shadow values. Welfare gains from reducing uncertainty about temperature feedbacks are much …

taxes on investment timing under uncertainty and irreversibility and the propensity to carry out risky projects. Using a …

uncertainty about the effects of increased greenhouse gas concentrations on climate. Criticisms of this controversial result fall …