Carbon dioxide emissions are a major force driving climate change. We construct scenarios of CO2 emissions from fossil …

rate is the result of introducing several forms of uncertainty, but this paper reaches that conclusion from an endogenous …

can be used for making such adjustments, we perform a global meta-analysis of contingent valuation studies to derive …. In an application to natural capital valuation of forest ecosystem services by the World Bank, we show that public forest …

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 …