Most studies that compare price and quantity controls for greenhouse gas emissions under uncertainty find that price mechanisms perform substantially better. In these studies, the benefits from reducing emissions are proportional to the level of reductions, and such linear benefits strongly...

"It is vitally important to identify agroecosystems that may cease functioning because of changing climate or land degradation. However, identifying such systems is confounded on both conceptual and methodological grounds, especially in systems that are moving toward thresholds, a common trait...

We have analyzed the application of decision analysis and risk management tools to solve practical problems associated with Climate Change and Risk Detection in the financial services industry. Geoengineering, which is described as an intentional modification of earth’s environment to mitigate...

Unchecked anthropogenic climate change has the potential to destroy human lives and wealth on an unprecedented scale. This dissertation analyzes from an economic perspective various public policy options to correct the market failures caused by climate change.The widespread adoption of...

Social, political, and economic trends suggest that the United States may soonjoin other United Nations Framework Convention on Climate Change (UNFCCC)countries in drafting substantive, national climate change policy. After providing a briefoverview of past and present climate action taken both...

The economics of information is a broad field covering all aspects of information including decision making. We briefly describe 4 methods used to model the decision-making process. This is not an exhaustive list of the methods used to value information, nor are differences between the methods...

If the United States chooses to implement a greenhouse gas reduction program, it would be necessary to decide whether to include carbon sequestration policies - - -such as those that promote forestation and discourage deforestation - - -as part of the domestic portfolio of compliance activities....