This paper analyses the formation of international environmental agreements (IEAs) under uncertainty, focusing on the … role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk …

This paper analyses the formation of international environmental agreements (IEAs) under uncertainty, focusing on the … role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk …

economics, uncertainty, and decision-making. 1. Economic investments that lead to environmental damages beyond repair - like … uncertain pay-offs. In the context of irreversible investments under uncertainty two different concepts of option value were … potential future learning about the social profitability of the investment. These are the concept of quasi-option value (value …

The paper analyzes optimal climate policy under uncertainty. It endows a recent quantitative analytic integrated … complex IAM. The approach facilitates new quantitative evidence for the role of uncertainty as well as analytic insights into …

is comparable to numeric models used in policy advising. Uncertainty surrounding climate change remains large. The closed …-form expressions of welfare loss from shocks and epistemological uncertainty identify the interaction of (intertemporal) risk attitude …, distributional moments, and the climatic shadow values. Welfare gains from reducing uncertainty about temperature feedbacks are much …

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

uncertainty on firms' decisions and market outcomes. We construct alternative measures of uncertainty based on survey of … index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment and the … generally non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on firms' decisions …

This contribution argues that uncertainty is integrated into the modern economic systems; however its autochthonously … increasing feature is puzzling and should be addressed in a more dedicated way. Behind the curtain of increasing uncertainty, we … are contributing to the deepening global distribution of uncertainty in the advanced world by establishing a vicious …