Haim, David; Plantinga, Andrew J.; Thomann, Enrique - In: Resource and Energy Economics 36 (2014) 1, pp. 151-165
uncertainty of climate impacts. Using a two-period sequential decision making model, we analytically derive optimal rates for the … two control variables, abatement and sequestration rates. Uncertainty is assumed to affect the desired future …. Contrary to recent numerical studies, we find that uncertainty can make it optimal to use carbon sequestration either earlier …