The design and conduct of climate change policy necessarily confronts uncertainty along multiple fronts. We explore the consequences of ambiguity over various sources and configurations of models that impact how economic opportunities could be damaged in the future. We appeal to decision theory...

The design and conduct of climate change policy necessarily confronts uncertainty along multiple fronts. We explore the consequences of ambiguity over various sources and configurations of models that impact how economic opportunities could be damaged in the future. We appeal to decision theory...

I study the dynamic implications of climate policy and stranded assets risk on macroeconomic outcomes and asset prices. Using a general-equilibrium resource extraction model, I show that the anticipation of climate-policy action, which will restrict future fossil fuel use and is amplified by...