It has been said that insurance is the last of the financial services to accept radical change (Denney [1995-1996]). Yet there has been a fundamental shift in the geographic location and in the organization of the reinsurance industry in the last six years (Chichilnisky [19966]). Global...

Uncertainty is pervasive in analysis of climatechange. How should economists allow for this? And how have they allowed for it? This paperreviews both of these questions. Copyright Kluwer Academic Publishers 2002