Risk and Return in Environmental Economics
I examine risk/return trade-offs for environmental investments and their implications for policy choice. Consider a policy to reduce carbon emissions. To what extent should the policy objective be a reduction in the expected temperature increase versus a reduction in risk? Using a simple model of a...
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| Format: | Article |
| Language: | en_US |
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University of Chicago Press
2015
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| Online Access: | http://hdl.handle.net/1721.1/99116 https://orcid.org/0000-0001-8296-9875 |