optimal policy design in a context with more than one externality while taking explicitly into account uncertainty surrounding …-focused. Besides uncertainty on the state of the world concerning actual marginal emission damage, we consider the technological … of entrepreneurs. To illustrate the role of uncertainty for the practical choice of policy instruments, an em …

uncertainty. The results, that imply prudent behavior due to uncertainty, are compared with the ambiguous outcomes reported in the …. -- environmental pollution ; optimal management ; catastrophic transitions ; uncertainty ; adaptation ; mitigation …

revenues. Additional revenues can be used to reduce the distortion of the rest of the tax system. Without uncertainty …, environmental taxes and auctioned permit schemes are equally appropriate. In the presence of uncertainty, however, the efficient … optimal choice of instruments in the presence of uncertainty. It shows that, although the revenue capacity effect generates …

decision problems under uncertainty, is used to build a large stochastic numerical equilibrium model of the Western European … energy markets. We use the stochastic model to analyze the impact of economic and political uncertainty on the Western … European energy markets. We demonstrate that the equilibria under uncertainty differ significantly from the deterministic …

uncertainty in global warming policy. I show that through robust control, policy makers can implement the precautionary principle … in either uncertainty about the model or risk about abatement cost increases expected steady state pollution taxes; (2) a … robust policy is preferred for any level of model uncertainty and this preference increases for either higher model …

. When an investor faces a scenario with regulatory uncertainty, a higher and more likely reduction in the price floor …

decision problems under uncertainty, is used to build a large stochastic numerical equilibrium model of the Western European … energy markets. We use the stochastic model to analyze the impact of economic and political uncertainty on the Western … European energy markets. We demonstrate that the equilibria under uncertainty differ significantly from the deterministic …

uncertainty. The results, that imply prudent behavior due to uncertainty, are compared with the ambiguous outcomes reported in the …