, cost of coal purchases among coal-fired power plants using a panel data set from 1991 to 2005. Our study focuses … percent decrease in unit cost of heat input, and (3) a lower capacity factor even after adjusting for cross-plant generation … re-allocation due to cost reductions. Based on these estimates, back-of-the-envelope calculations find that restructuring …

. What additional economic cost of mitigation measures will this delay imply? At the same time, the uncertainty surrounding … this uncertainty cost? Is there a hedging strategy that decision makers can adopt to cope with delayed action and uncertain … cost of climate policy under uncertainty, and that a short-term moderate climate policy would be a good strategy to reduce …

usually have a modest effect on the prevention of ambiguous mortality risks within benefit-cost analysis, and can hardly …

examines the role of uncertainty (on the efficiency gains) in this tradeoff. Common wisdom is that the antitrust authorities … are uncertain would not be theoretically founded. Indeed, the attitude towards uncertainty depends on the curvature of the …

This paper analyses the formation of international environmental agreements (IEAs) under uncertainty, focusing on the … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk …

, sustaining only modest cuts in emissions. These results are unaffected by uncertainty about the impact of catastrophe. By … contrast, uncertainty about the catastrophic threshold typically causes coordination to collapse. Whether the probability …