expected welfare than "flat" emission standards given uncertainty in demand for output (or attributes), assuming locally …

expected welfare than “flat” emission standards given uncertainty in demand for output (or attributes), assuming locally …

expected welfare than “flat” emission standards given uncertainty in demand for output (or attributes), assuming locally …

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 …