Analysis of policies to deal with global warming is complicated by three features of the problem: uncertainty about the … include uncertainty, learning and irreversibility and show that for most parameter values current abatement of emissions of …

. What additional economic cost of mitigation measures will this delay imply? At the same time, the uncertainty surrounding … this uncertainty cost? Is there a hedging strategy that decision makers can adopt to cope with delayed action and uncertain … computing the optimal abatement strategy in the presence of uncertainty about a global stabilisation target (which will be …

Environmental managers face substantial uncertainty when deciding on management actions. To reduce this uncertainty … on the management cost, the assumed value of a good state and on the level of uncertainty regarding the ecological state …

incorporates a state-contingent representation of uncertainty. The severity of the impact depends, in large measure, on the extent …

Environmental managers face substantial uncertainty when deciding on management actions. To reduce this uncertainty … on the management cost, the assumed value of a good state and on the level of uncertainty regarding the ecological state …

under uncertainty. It is shown that, from an efficiency point of view, it is generally preferable to divide the economy into …