and treated as a random variable by policy makers. The main purpose is to analyze how additional uncertainty about this …

caused by a stock pollutant. Uncertainty enters multiplicatively, i.e. it affects the slope rather than the intercept of … abatement costs. We calibrate the model using cost and damage estimates of greenhouse gases. As with additive uncertainty, taxes … dominate quotas. The advantage of taxes is much greater with mulitiplicative, compared to additive uncertainty …

gradual resolution of uncertainty lowers them. For temperature-dependent economic damage tipping points, carbon prices are …

-DICE2016, which is designed to address three key aspects of climateeconomy models: treatment of uncertainty, the use of more … parameters whose distributions have "fat tails". Uncertainty is accommodated via the state-contingent approach enabling us to … include more state (seven) and control variables (four) than recursive derivatives of DICE. Our approach to uncertainty …

carbon prices, but gradual resolution of uncertainty lowers them. For temperature-dependent economic damage tipping points …

gradual resolution of uncertainty lowers them. For temperature-dependent economic damage tipping points, carbon prices are …

; uncertainty ; resource rent …