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The day after tomorrow: mitigation and adaptation policies to deal with uncertainty

Bazzana, Davide; Menoncin, Francesco; Vergalli, Sergio - 2021

The catastrophic events are characterized by "low frequency and high severity". Nevertheless, during the last decades, both the frequency and the magnitude of these events have been significantly rising worldwide. In 2021, the European Commission adopted a new Strategy on Adaptation to Climate...

Persistent link: https://www.econbiz.de/10012609390

Adapting and mitigating to climate change : balancing the choice under uncertainty

Bosello, Francesco; Chen, Chen - 2010

Nowadays, as stressed by important strategic documents like for instance the 2009 EU White Paper on Adaptation or the recent 2009 "Copenhagen Accord", it is amply recognized that both mitigation and adaptation strategies are necessary to combat climate change. This paper enriches the rapidly...

Persistent link: https://www.econbiz.de/10008780413

Contracting under Knightian uncertainty

Amarante, Massimiliano; Ghossoub, Mario; Phelps, Edmund S. - 2011

Persistent link: https://www.econbiz.de/10009305377

A new look at uncertainty shocks : imperfect information and misallocation

Senga, Tatsuro - 2015

Uncertainty faced by individual firms appears to be heterogeneous. In this paper, I construct new empirical measures of firm-level uncertainty using data from the I/B/E/S and Compustat. These new measures reveal persistent differences in the degree of uncertainty facing individual firms not...

Persistent link: https://www.econbiz.de/10011401309

Our (represented) world : a quantum-like object

Lambert-Mogiliansky, Ariane; Dubois, François - 2015

Persistent link: https://www.econbiz.de/10011301877

Accounting for different uncertainties : implications for climate investments?

Hector, Svenja - 2013

The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a … rate to a change in risk aversion depends on some fundamental properties of the considered uncertainties. The application … of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields …

Persistent link: https://www.econbiz.de/10010231715

Climate engineering under deep uncertainty and heterogeneity

Emmerling, Johannes; Manoussi, Vassiliki; Xepapadeas, … - 2016

Climate Engineering, and in particular Solar Radiation Management (SRM) has become a widely discussed climate policy option to study in recent years. However, its potentially strategic nature and unforeseen side effects provide major policy and scientific challenges. We study the role of the SRM...

Persistent link: https://www.econbiz.de/10011546706

Quantifying the effects of expert selection and elicitation design on experts' confidence in their judgments about future energy technologies

Nemet, Gregory F.; Anadon, Laura Diaz; Verdolini, Elena - 2016

Expert elicitations are frequently used to characterize future technology outcomes. However their usefulness is limited, in part because: estimates across studies are not easily comparable; choices in survey design and expert selection may bias results; and over-confidence is a persistent...

Persistent link: https://www.econbiz.de/10011548115

Finding common ground when experts disagree : belief dominance over portfolios of alternatives

Baker, Erin; Bosetti, Valentina; Salo, Ahti A. - 2016

We address the problem of choosing a portfolio of policies under "deep uncertainty." We introduce the idea of belief dominance as a way to derive a set of non-dominated portfolios and robust individual alternatives. Our approach departs from the tradition of providing a single recommended...

Persistent link: https://www.econbiz.de/10011504367

Adapting to climate change : an analysis under uncertainty

García-León, David - 2016

composition of the optimal mix as both persuade the risk-averse social planner to invest more in mitigation. Overall, we identify …

Persistent link: https://www.econbiz.de/10011451547