Alternative Types of Ambiguity and their Effects on Climate Change Regulation [version 1; peer review: 1 approved, 2 approved with reservations]
This paper focuses on different types of ambiguity that affect climate change regulation. In particular, we analyze the effects of the interaction among three types of agents, namely, the decision-maker (DM), the climate change experts, and the society, on the probabilistic properties of green-house...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
F1000 Research Ltd
2022-01-01
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| Series: | Open Research Europe |
| Subjects: | |
| Online Access: | https://open-research-europe.ec.europa.eu/articles/2-9/v1 |
| _version_ | 1797802334273667072 |
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| author | Nikolaos Englezos Nikitas Pittis Andreas Papandreou Phoebe Koundouri Panagiotis Samartzis |
| author_facet | Nikolaos Englezos Nikitas Pittis Andreas Papandreou Phoebe Koundouri Panagiotis Samartzis |
| author_sort | Nikolaos Englezos |
| collection | DOAJ |
| description | This paper focuses on different types of ambiguity that affect climate change regulation. In particular, we analyze the effects of the interaction among three types of agents, namely, the decision-maker (DM), the climate change experts, and the society, on the probabilistic properties of green-house gas (GHG) emissions and the formation of environmental policy. These effects are analyzed under two types of ambiguity: "deferential ambiguity" and "preferential ambiguity". Deferential ambiguity refers to the uncertainty that the experts face concerning whose forecast (scenario) the DM will defer to. Preferential ambiguity stems from the potential inability of the DM to correctly discern the society's preferences about the desired change of GHG emissions. This paper shows that the existence of deferential and preferential ambiguities have significant effects on GHG emissions regulation. |
| first_indexed | 2024-03-13T05:05:10Z |
| format | Article |
| id | doaj.art-c4c36f4fad1a4f6a9e737946057e9fb5 |
| institution | Directory Open Access Journal |
| issn | 2732-5121 |
| language | English |
| last_indexed | 2024-03-13T05:05:10Z |
| publishDate | 2022-01-01 |
| publisher | F1000 Research Ltd |
| record_format | Article |
| series | Open Research Europe |
| spelling | doaj.art-c4c36f4fad1a4f6a9e737946057e9fb52023-06-17T00:00:00ZengF1000 Research LtdOpen Research Europe2732-51212022-01-01215428Alternative Types of Ambiguity and their Effects on Climate Change Regulation [version 1; peer review: 1 approved, 2 approved with reservations]Nikolaos Englezos0Nikitas Pittis1Andreas Papandreou2Phoebe Koundouri3https://orcid.org/0000-0001-5979-6128Panagiotis Samartzis4Banking and Financial Management, University of Piraeus, Piraeus, GreeceBanking and Financial Management, University of Piraeus, Piraeus, GreeceSchool of Economics, National and Kapodistrian University of Athens, Athens, GreeceSchool of Economics, Athens University of Economics and Business, Athens, GreeceBanking and Financial Management, University of Piraeus, Piraeus, GreeceThis paper focuses on different types of ambiguity that affect climate change regulation. In particular, we analyze the effects of the interaction among three types of agents, namely, the decision-maker (DM), the climate change experts, and the society, on the probabilistic properties of green-house gas (GHG) emissions and the formation of environmental policy. These effects are analyzed under two types of ambiguity: "deferential ambiguity" and "preferential ambiguity". Deferential ambiguity refers to the uncertainty that the experts face concerning whose forecast (scenario) the DM will defer to. Preferential ambiguity stems from the potential inability of the DM to correctly discern the society's preferences about the desired change of GHG emissions. This paper shows that the existence of deferential and preferential ambiguities have significant effects on GHG emissions regulation.https://open-research-europe.ec.europa.eu/articles/2-9/v1climate change regualtion ambiguity deep uncertainty deferential ambiguity preferential ambiguity tail risks of environmental-policy variableseng |
| spellingShingle | Nikolaos Englezos Nikitas Pittis Andreas Papandreou Phoebe Koundouri Panagiotis Samartzis Alternative Types of Ambiguity and their Effects on Climate Change Regulation [version 1; peer review: 1 approved, 2 approved with reservations] Open Research Europe climate change regualtion ambiguity deep uncertainty deferential ambiguity preferential ambiguity tail risks of environmental-policy variables eng |
| title | Alternative Types of Ambiguity and their Effects on Climate Change Regulation [version 1; peer review: 1 approved, 2 approved with reservations] |
| title_full | Alternative Types of Ambiguity and their Effects on Climate Change Regulation [version 1; peer review: 1 approved, 2 approved with reservations] |
| title_fullStr | Alternative Types of Ambiguity and their Effects on Climate Change Regulation [version 1; peer review: 1 approved, 2 approved with reservations] |
| title_full_unstemmed | Alternative Types of Ambiguity and their Effects on Climate Change Regulation [version 1; peer review: 1 approved, 2 approved with reservations] |
| title_short | Alternative Types of Ambiguity and their Effects on Climate Change Regulation [version 1; peer review: 1 approved, 2 approved with reservations] |
| title_sort | alternative types of ambiguity and their effects on climate change regulation version 1 peer review 1 approved 2 approved with reservations |
| topic | climate change regualtion ambiguity deep uncertainty deferential ambiguity preferential ambiguity tail risks of environmental-policy variables eng |
| url | https://open-research-europe.ec.europa.eu/articles/2-9/v1 |
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