The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a … rate to a change in risk aversion depends on some fundamental properties of the considered uncertainties. The application … of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields …

contributions of both regular input factors and climate factors to mean output and to production risk in Chinese inland aquaculture … annual average temperatures will increase mean output and decrease production risk, an increase in temperature variability … will reduce mean output and cause a higher level of production risk. The corresponding measures of precipitation however …

production risk in the context of Chinese grain farming and climate change, and test for potential endogeneity of climate factors …

Models (IAMs), which assumes no risk sharing across region, we introduce global risk sharing via a market for state … across regions. We estimate that such risk sharing scheme of climate risks could lead to welfare gains reducing the global … for considering risk sharing in IAMs, but also for potentially welfare increasing negotiations about sharing risks of …

composition of the optimal mix as both persuade the risk-averse social planner to invest more in mitigation. Overall, we identify …