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Jensen, Svenn; Traeger, Christian - 2021

derive a general analytic formula for the "risk premium" governing the resulting climate policy. The formula generalizes … making under uncertainty. It clarifies the distinct roles of risk aversion, prudence, characteristics of the damage … formulation, and future policy response. We show that an optimal response to uncertainty substantially reduces the risk premium. …

Persistent link: https://www.econbiz.de/10012597858

Robust Control in Global Warming Management : An Analytical Dynamic Integrated Assessment

Hennlock, Magnus - 2009

Imperfect measurement of uncertainty (deeper uncertainty) in climate sensitivity is introduced in a two-sectoral integrated assessment model (IAM) with endogenous growth, based on an extension of DICE. The household expresses ambiguity aversion and can use robust control via a 'shadow ambiguity...

Persistent link: https://www.econbiz.de/10013160096

The effect of learning on climate policy under fat-tailed risk

Hwang, In Chang; Reynès, Frédéric; Tol, Richard S. J. - In: Resource and energy economics 48 (2017), pp. 1-18

Persistent link: https://www.econbiz.de/10011775726

Constructing a climate change logic : an institutional perspective on the "tragedy of the commons"

Ansari, Shahzad Shaz; Wijen, Frank; Gray, Barbara L. - In: Organization science : a journal of the Institute for … 24 (2013) 4, pp. 1014-1040

Persistent link: https://www.econbiz.de/10009786957

Climate change : the ultimate tragedy of the commons?

Paavola, Jouni - In: Property in land and other resources, (pp. 417-433). 2012

Persistent link: https://www.econbiz.de/10009410355

Ein Weltrat für den Umweltschutz : unser Planet ist noch zu retten!

Rohland, Christoph J. - 2021

Persistent link: https://www.econbiz.de/10012545449

Focusing climate negotiations on a uniform common commitment can promote cooperation

Schmidt, Klaus M.; Ockenfels, Axel - 2021 - Final version

International cooperation on the reduction of greenhouse gas emissions, disarmament, or free trade needs to be negotiated. The success of such negotiations depends on how they are designed. In the context of international climate change policy, it has been proposed [e.g., Weitzman J of the...

Persistent link: https://www.econbiz.de/10012500234

Climate justice, commons, and degrowth

Perkins, Patricia E. - In: Ecological economics : the transdisciplinary journal of … 160 (2019), pp. 183-190

Persistent link: https://www.econbiz.de/10012169479

The Climate as a Global Common

Stoll, Peter-Tobias - 2016

For their further existence and well-being, the globe and humankind rely on the climate and its stability, which is impacted by greenhouse gas emission all over the globe. In general public debate and in social sciences terminology, the climate undoubtedly is seen as a global common which is in...

Persistent link: https://www.econbiz.de/10014129059

Aggregation Technology of Common Goods and its Strategic Consequences : Global Warming, Biodiversity, and Siting Conflicts

Holzinger, Katharina - 2013

The analysis of common goods needs to look very carefully at the characteristics of the goods and of the social situations of their provision. Different characteristics lead to different strategic constellations and therefore to different opportunities for institutional solutions to the problems...

Persistent link: https://www.econbiz.de/10014131049

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