the parameters that occur in the objective of both players seem to carry the most uncertainty for both the outcome of the …

derives max-min, max-max and min-max regret policies to deal with this particular form of climate (model) uncertainty and with …

uncertainty about the timber production. Two types of hedging strategies with harvesting decisions are studied: a financial …

uncertainty of climate impacts. Using a two-period sequential decision making model, we analytically derive optimal rates for the … two control variables, abatement and sequestration rates. Uncertainty is assumed to affect the desired future …. Contrary to recent numerical studies, we find that uncertainty can make it optimal to use carbon sequestration either earlier …

to 2050 under conditions of uncertainty. We note that there is a trade-off between sequestration and alternative uses of … than when they were unconcerned with uncertainty. Policy makers’ risk attitudes affect forest management strategy primarily …. Excluding wood products from a climate strategy can be expensive if policy maker are insensitive to uncertainty. …