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Subject
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Ambiguity 1 Climate change 1 hot spots 1 maxmin expected utility 1 precautionary principle 1 robust control regulation 1 space 1
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Free 1
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Book / Working Paper 1
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Undetermined 1
Author
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Xepapadeas, Anastasios 1 Yannacopoulos, Athanasios 1
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Department of International and European Economic Studies, Athens University of Economics and Business (AUEB) 1
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DEOS Working Papers 1
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RePEc 1
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Climate Change Policy under Spatially Structured Ambiguity: Hot Spots and the Precautionary Principle
Yannacopoulos, Athanasios; Xepapadeas, Anastasios - Department of International and European Economic …
In view of the ambiguities and the deep uncertainty associated with climate change, we study the features of climate change policies that account for spatially structured ambiguity. Ambiguity related to the evolution of the natural system is introduced into a coupled economy-climate model with...
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