The decision how to share resources with others often needs to be taken under uncertainty on its allocational …

reallocating labor across sectors or for increased uncertainty about the price of gasoline in explaining the sluggish response of U …

realistic cases where only a limited fraction of climate uncertainty resolves, where future policy-makers have own agendas, or …

decision tasks where specific choice patterns are consistent with incomplete preferences under uncertainty but inconsistent … uncertainty. …

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 …

). Exogenous uncertainty over the size of the negotiated amount of water is introduced to capture the fact that water availability …