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composition of the optimal mix as both persuade the risk-averse social planner to invest more in mitigation. Overall, we identify …
Persistent link: https://www.econbiz.de/10011451547
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
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model to investigate the optimal policy response to this risk. Adding the constraint of avoiding a thermohaline circulation …
Persistent link: https://www.econbiz.de/10001435813
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model to investigate the optimal policy response to this risk. Adding the constraint of avoiding a thermohaline circulation …
Persistent link: https://www.econbiz.de/10012471300
model to investigate the optimal policy response to this risk. Adding the constraint of avoiding a thermohaline circulation …
Persistent link: https://www.econbiz.de/10009781694
model to investigate the optimal policy response to this risk. Adding the constraint of avoiding a thermohaline circulation …
Persistent link: https://www.econbiz.de/10013320943
model to investigate the optimal policy response to this risk. Adding the constraint of avoiding a thermohaline circulation …
Persistent link: https://www.econbiz.de/10013312479
Persistent link: https://www.econbiz.de/10011775726