under uncertainty about the value of environmental services and irreversible development. We study land conversion under … adequate participation in a conservation plan. We analytically determine the impact of uncertainty and optimal policy …

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 …

general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount … of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields … a new result on preference uncertainty. …

We address the problem of choosing a portfolio of policies under "deep uncertainty." We introduce the idea of belief …

Uncertainty is prevalent in the context of climate change impacts. Moreover, the distribution across the globe is not …

This paper studies the empirical relationship between consumption and saving under two different sources of uncertainty … ; Financial Risk ; Environmental Risk ; Prudence ; Relative Risk Aversion ; Uncertainty …