Uncertainty and learning play an important role in addressing the problem of climatechange. In stylized game … shown that learning usually has a negative impact on the success of cooperation. This paper asks the question whether this … different world regions and considers not only uncertainty about the benefits but also about the costs from climate mitigation …

Uncertainty and learning play an important role in addressing the problem of climate change. In stylized game … shown that learning usually has a negative impact on the success of cooperation. This paper asks the question whether this … different world regions and considers not only uncertainty about the benefits but also about the costs from climate mitigation …

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 …

orchard with heterogeneous beliefs, stochastic macro-economic uncertainty, and default risk. I study two manifestations of … uncertainty, namely (i) agents’ disagreement and (ii) time-varying volatility of fundamental growth rates. The paper shows that … moments of the risk premium distribution. Together with uncertainty, default risk associated with levered trees implies a non …

Na and Shin (1998) showed that the veil of uncertainty can be conducive to the success of self-enforcing international … uncertainty about the environmental impact of emissions and the cost of reducing them, the result is intriguing. The purpose of … the number of players and which considers not only no and full learning but also partial learning, that is, three …

but also partial learning. Second, we test whether the conclusion also holds if there is uncertainty about abatement costs …Na and Shin (1998) showed that the veil of uncertainty can be conducive to the success of self-enforcing international … environmental agreements. Later papers confirmed this negative conclusion about the role of learning. In the light of intensified …

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 …

SCHMEIDLER (2005) allows one to model learning processes. …

environment in which the assumed maximization of expected utility is impossible; (b) planning difficulties under uncertainty; and … rate uncertainty matters. SKAT is fundamental for the education of official sector members in order to furnish them with a …

rationality, the combination of experts' moral hazard and investors' learning generates bubble-like price dynamics: gradual …