Uncertain Outcomes and Climate Change Policy

Uncertain Outcomes and Climate Change Policy

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Focusing on tail effects, I incorporate distributions for temperature change and its economic impact in an analysis of climate change policy. I estimate the fraction of consumption w*(τ) that society would be willing to sacrifice to ensure that any increase in temperature at a future point is limite...

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Bibliographic Details
Main Author: Pindyck, Robert S.
Format: Working Paper
Language:en_US
Published: Cambridge, MA; Alfred P. Sloan School of Management, Massachusetts Institute of Technology 2011
Subjects:
catastrophic outcomes
global warming
climate change
Environmental policy
Online Access:http://hdl.handle.net/1721.1/66946

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