consider a two-country stochastic partial equilibrium model with log-normally distributed uncertainty. The situation is …, the magnitude of uncertainty, and correlation of abatement costs. In most cases, the additional tax will not lead to …

-form expressions of welfare loss from shocks and epistemological uncertainty identify the interaction of (intertemporal) risk attitude … is comparable to numeric models used in policy advising. Uncertainty surrounding climate change remains large. The closed …, distributional moments, and the climatic shadow values. Welfare gains from reducing uncertainty about temperature feedbacks are much …