Uncertain outcomes and climate change policy
I incorporate distributions for temperature change and its economic impact in an analysis of climate change policy. As a measure of willingness to pay (WTP), I estimate the fraction of consumption w[superscript ⁎](τ) that society would be willing to sacrifice to ensure that any increase in temperatu...
Main Author: | Pindyck, Robert S. (Contributor) |
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Other Authors: | Sloan School of Management (Contributor) |
Format: | Article |
Language: | English |
Published: |
Elsevier,
2015-10-01T11:53:46Z.
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Subjects: | |
Online Access: | Get fulltext |
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