of the model. Therefore we decided to extend the original model by introducing the monitoring which is seen in the … harder. Our motivation is to compare the extended model with both to the original case without monitoring and empirical data …

lower while carbon (C) and nitrogen (N) concentrations were higher compared to the NFSI II. The C and N stocks deviate even …

depends stochastically on (constant) effort, the number of times that are checked to assign the bonus affects the level of un-certainty … in the selection process. Uncertainty, in turn, is expected to increase the efforts made by competing agents (Cowen and … of uncertainty (sampling occasions of productions, 1 or 3), cost of production (high or low), cost symmetry (asymmetric …

Environmental managers face substantial uncertainty when deciding on management actions. To reduce this uncertainty …-world monitoring data, we calculate the VoI of monitoring nitrogen, which is used as an indicator of the ecological state of water body … on the management cost, the assumed value of a good state and on the level of uncertainty regarding the ecological state …

interactive simulation model where users can specify the design of National Allocation Plans for each EU Member State and then …

are environmentally equivalent to domestic emission reductions, and suggest an excess supply may disrupt carbon markets … global emissions market show unrestricted exchange of REDD units reduces the international carbon price by half and cuts … at constant carbon prices. While REDD provides large economic benefits for tropical rainforest regions, any REDD policy …

This paper examines the implications of restricting the tradability of carbon rights in the presence of induced …-relevant 'carbon-saving' technical change. This is achieved by incorporating endogenous investment in carbon productivity into the RICE …-99 integrated assessment model of Nordhaus and Boyer (2000). Simulation analysis of various emission reduction scenarios …

bounds can only address emissions uncertainty. Using a numerical stochastic optimization model with equilibrium constraints … for the European carbon market, we find that introducing hybrid policies in EU ETS reduces expected excess abatement costs …

be derived by quadratic approximation. This leaves uncertainty in the basic three-equation model. After adding exogenous … AR(1) processes, I examine the results by numerical simulation. First, I derive a reduced-form solution for the nominal …, impulse response functions show the adjustments over time after a cost shock. As a result, accounting for uncertainty can lead …