Investment in pollution prevention technologies are often made under significant uncertainty about the future pay … the timing of investments becomes an important issue for the company. This paper focuses on uncertainty about a future … environmental tax, and shows, within a two period model, that a specific tax uncertainty, standing alone, does not create any …

climate changes faster, and increases if uncertainty is higher. For long-lived investments, these effects reverse. This has …

adoption decision of particular technologies under uncertainty. These technologies are coal-fired power plants, biomassfired …

that all uncertainty is revealed in the limit and agents behave as expected utility maximizer under the true underlying …

that all uncertainty is revealed in the limit and agents behave as expected utility maximizer under the true underlying …

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 …