under the uncertainty of climate change. We implement a discrete choice experiment on a large representative sample of the …

under the uncertainty of climate change. We implement a discrete choice experiment on a large representative sample of the …

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 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 …

caused by a stock pollutant. Uncertainty enters multiplicatively, i.e. it affects the slope rather than the intercept of … abatement costs. We calibrate the model using cost and damage estimates of greenhouse gases. As with additive uncertainty, taxes … dominate quotas. The advantage of taxes is much greater with mulitiplicative, compared to additive uncertainty …