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Modeling uncertainty in climate change : a multi-model comparison
Gillingham, Kenneth; Nordhaus, William D.; Anthoff, David; … - 2016
The economics of climate change involves a vast array of uncertainties, complicating both the analysis and development of climate policy. This study presents the results of the first comprehensive study of uncertainty in climate change using multiple integrated assessment models. The study looks...
Persistent link: https://www.econbiz.de/10011451571
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Building uncertainty into the adaptation cost estimation in integrated assessment models
Markandya, Anil; De Cian, Enrica; Drouet, Laurent; … - 2016
uncertainty into Integrated Assessment Models (IAMs). Uncertainty is transformed into a risk-premium, damage-correction, region …. This risk premium quantifies what society would be willing to pay to insure against the uncertainty of the damages, and it … highly sensitive to the coefficient of relative risk aversion. Once the climate change damage function incorporates the risk …
Persistent link: https://www.econbiz.de/10011451668
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A simple framework for climate-change policy under model uncertainty
Athanasoglou, Stergios; Bosetti, Valentina; Drouet, Laurent - 2016
We propose a novel framework for the economic assessment of climate-change policy. Our main point of departure from existing work is the adoption of a "satisficing", as opposed to optimizing, modeling approach. Along these lines, we place primary emphasis on the extent to which different...
Persistent link: https://www.econbiz.de/10011614242
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Unemployment insurance fraud and optimal monitoring
Fuller, David L.; Ravikumar, B.; Zhang, Yuzhe - 2012
Persistent link: https://www.econbiz.de/10009574673
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Fraud in the workplace? : evidence from a dependent verification program
Geruso, Michael; Rosen, Harvey S. - 2013
Persistent link: https://www.econbiz.de/10009750785
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Reverberation of legal principles : further thoughts on the development of an EU principle of prohibition of abuse of law
Feria, Rita de la - 2010
Persistent link: https://www.econbiz.de/10008822097
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Legal-political factors and the historical evolution of the finance-growth link
Bordo, Michael D.; Rousseau, Peter L. - 2006
Persistent link: https://www.econbiz.de/10003261429
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Why bayes rules : a note on Bayesian vs. classical inference in regime switching models
Gärtner, Dennis - 2007
By means of a very simple example, this note illustrates the appeal of using Bayesian rather than classical methods to produce inference on hidden states in models of Markovian regime switching. -- Bayesian analysis ; switching regression ; regime changes ; nonlinear filtering
Persistent link: https://www.econbiz.de/10003892453
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Modeling long memory and structural breaks in conditional variances : an adaptive FIGARCH approach
Baillie, Richard (contributor); Morana, Claudio (contributor) - 2007
Persistent link: https://www.econbiz.de/10003428583
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How to pick the best regression equation : a review and comparison of model selection algorithms
Castle, Jennifer; Qin, Xiaochuan; Reid, W. Robert - 2009
Persistent link: https://www.econbiz.de/10008667753