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Persistent link: https://www.econbiz.de/10011313725
International climate negotiations take place in a setting where uncertainties regarding the impacts of climate change are very large. In this paper, we examine the influence of increasing the probability and impact of large climate change damages, also known as the 'fat tail', on the formation...
Persistent link: https://www.econbiz.de/10009690831
averse, there is a core imputation given by means of shadow prices on state-dependent claims. Like in finance, a risk can … emphasis on incompleteness. Included is a process of bilateral trade which converges to a price-supported core allocation. …
Persistent link: https://www.econbiz.de/10011409137
Persistent link: https://www.econbiz.de/10003363180
averse, there is a core imputation given by means of shadow prices on state-dependent claims. Like in finance, a risk can … emphasis on incompleteness. Included is a process of bilateral trade which converges to a price-supported core allocation. …
Persistent link: https://www.econbiz.de/10001664975
Persistent link: https://www.econbiz.de/10010207868
International climate negotiations take place in a setting where uncertainties regarding the impacts of climate change are very large. In this paper, we examine the influence of increasing the probability and impact of large climate change damages, also known as the ‘fat tail’, on the...
Persistent link: https://www.econbiz.de/10013315816
Persistent link: https://www.econbiz.de/10011873625
I examine climate coalition formation in a public-good game of emission abatement under uncertainty and characterise … the stable coalition structure and the unique number of free riders at each expected value of the social benefit of the …. This result resolves the small-coalition paradox in the literature on stochastic International Environmental Agreements …
Persistent link: https://www.econbiz.de/10014076322
Persistent link: https://www.econbiz.de/10014334453