It is known that observations from any censored life (or competing risk) process can be described by a random censoring (or independent risk) model. On the other hand it is impossible to verify that the censoring is really random. A class of age-dependent censoring processes are defined and the...

Abstract Reducing greenhouse gas emissions not only lowers expected damages from climate change but also reduces the risk of catastrophic impacts. However, estimates of the social cost of carbon, which measures the marginal value of carbon dioxide abatement, often do not capture this risk...

Abstract Reducing greenhouse gas emissions not only lowers expected damages from climate change but also reduces the risk of catastrophic impacts. However, estimates of the social cost of carbon, which measures the marginal value of carbon dioxide abatement, often do not capture this risk...