The social cost of carbon with economic and climate risks
Uncertainty about future economic and climate conditions substantially affects the choice of policies for managing interactions between the climate and the economy. We develop a framework of dynamic stochastic integration of climate and economy, and show that the social cost of carbon is substantial...
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| Format: | Article |
| Language: | English |
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University of Chicago Press
2019
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| Online Access: | View Fulltext in Publisher |