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Luring others into climate action : coalition formation games with threshold and spillover effects

Bosetti, Valentina; Heugues, Melanie; Tavoni, Alessandro - 2015

We study the effect of leadership in an experimental threshold public "bad" game, where we manipulate both the relative returns of two investments (the more productive of which causes a negative externality) and the extent to which the gains from leadership diffuse to the group. The game...

Persistent link: https://www.econbiz.de/10010493038

Sensitivity to energy technology costs : a multi-model comparison analysis

Bosetti, Valentina; Marangoni, Giacomo; Borgonovo, Emanuele - 2015

In the present paper we use the output of multiple expert elicitation surveys on the future cost of key low-carbon technologies and use it as input of three Integrated Assessment models, GCAM, MARKAL_US and WITCH. By means of a large set of simulations we aim to assess the implications of these...

Persistent link: https://www.econbiz.de/10011438620

Priority for the worse off and the social cost of carbon

Adler, Matthew D.; Anthoff, David; Bosetti, Valentina; … - 2016

reduction in current consumption that produces a loss in social welfare equivalent to that caused by the emission of a ton of CO …2. The standard approach is to calculate the SCC using a discounted-utilitarian social welfare function (SWF)-one that … welfare economics, but has been, thus far, little used in climate scholarship. The core idea is to give greater weight to well …

Persistent link: https://www.econbiz.de/10011547506

Finding common ground when experts disagree : belief dominance over portfolios of alternatives

Baker, Erin; Bosetti, Valentina; Salo, Ahti A. - 2016

We address the problem of choosing a portfolio of policies under "deep uncertainty." We introduce the idea of belief dominance as a way to derive a set of non-dominated portfolios and robust individual alternatives. Our approach departs from the tradition of providing a single recommended...

Persistent link: https://www.econbiz.de/10011504367

Optimal clean energy R&D investments under uncertainty

Marangoni, Giacomo; De Maere d'Aertrycke, Gauthier; … - 2017

The availability of technology plays a major role in the feasibility and costs of climate policy. Nonetheless, technological change is highly uncertain and capital intensive, requiring risky efforts in research and development of clean energy technologies. In this paper, we introduce a two-track...

Persistent link: https://www.econbiz.de/10011622101

A simple framework for climate-change policy under model uncertainty

Athanasoglou, Stergios; Bosetti, Valentina; Drouet, Laurent - 2016

We propose a novel framework for the economic assessment of climate-change policy. Our main point of departure from existing work is the adoption of a "satisficing", as opposed to optimizing, modeling approach. Along these lines, we place primary emphasis on the extent to which different...

Persistent link: https://www.econbiz.de/10011614242

Recalculating the social cost of carbon

Shayegh, Soheil; Bosetti, Valentina; Dietz, Simon; … - 2018

Over the last few decades, integrated assessment models (IAM) have provided insight into the relationship between climate change, economy, and climate policies. The limitations of these models in capturing uncertainty in climate parameters, heterogeneity in damages and policies, have given rise...

Persistent link: https://www.econbiz.de/10011850330

Three layers of uncertainty : an experiment

Aydogan, Ilke; Berger, Loϊc; Bosetti, Valentina; Liu, Ning - 2018

We experimentally explore decision-making under uncertainty using a framework that decomposes uncertainty into three distinct layers: (1) physical uncertainty, entailing inherent randomness within a given probability model, (2) model uncertainty, entailing subjective uncertainty about the...

Persistent link: https://www.econbiz.de/10011862952

Incentives and stability of international climate coalitions : an integrated assessment

Bosetti, Valentina; Carraro, Carlo; De Cian, Enrica; … - 2011

assumptions concerning the pure rate of time preference, the social welfare aggregator and the extent of climate damages. We focus …

Persistent link: https://www.econbiz.de/10009419726

Modeling ambiguity in expert elicitation surveys : theory and application to solar technology R&D

Athanassoglou, Stergios; Bosetti, Valentina - 2012

Optimal R&D investment is defined by deep uncertainty that can only partially be addressed through historical data. Thus, expert judgments expressed as subjective probability distributions are seen as an alternative way of assessing the potential of new technologies. In this paper we propose a...

Persistent link: https://www.econbiz.de/10009487087