subsidies for biofuel production such that the supply-side responses by fossil fuel producers may more than offset the …

Estimating farmers’ supply responses to changes in framework conditions is important to inform decision-makers on the … expected impacts on production volume as well as the resulting land-use shifts. Existing agricultural supply response models …

variation in these impacts. The study focused in particular on the potential impacts of climate change on the water supply … variability in dryland agricultural yields, with only limited impacts due to variability in the ability to supply future water …

optimal policy design in a context with more than one externality while taking explicitly into account uncertainty surrounding …-focused. Besides uncertainty on the state of the world concerning actual marginal emission damage, we consider the technological … of entrepreneurs. To illustrate the role of uncertainty for the practical choice of policy instruments, an em …

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 …