reduce the externality, because individuals care more about the environment if their income is higher or if pollution is more …

there is uncertainty about the marginal costs of the newly merged firms. The authors consider that the merging firms decide … always have incentives to merge, irrespective of cost uncertainty, while a merger without role redistribution is ex ante … profitable if and only if uncertainty is sufficiently great. As regards the social desirability of mergers, it is found that a …

The paper proposes a novel way to handle the relation between decision theory and uncertainty in the context of policy …

market set-up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is known …

discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by …This note considers the treatment of risk and uncertainty in the recently established social cost of carbon (SCC) for …