of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields …The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a … general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount …

heterogeneous countries with the notable feature of model misspecification on the impacts from SRM. We find that deep uncertainty …

-DICE2016, which is designed to address three key aspects of climateeconomy models: treatment of uncertainty, the use of more … difficulties identified with IAMs, the choice of the risk aversion parameter and the underestimation of damages, are also directly … parameters whose distributions have "fat tails". Uncertainty is accommodated via the state-contingent approach enabling us to …

of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields …The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a … general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount …

takes explicit account of model uncertainty. To this end, the value function we propose is an analogue of the well …-known success-probability criterion adapted to settings characterized by model uncertainty. We apply this decision criterion to …

to climate change. Rather than focusing on uncertainty explicitly, we look at extreme scenarios defined by the upper and …