Uncertain climate thresholds and optimal economic growth

DOI10.1016/j.jeem.2003.10.003zbMath1161.91450OpenAlexW2058670254MaRDI QIDQ1765290

Klaus Keller, Benjamin M. Bolker, David F. Bradford

Publication date: 23 February 2005

Published in: Journal of Environmental Economics and Management (Search for Journal in Brave)

Full work available at URL: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.9.8987

zbMATH Keywords

LearningUncertaintyClimate policyAbrupt climate changeClimate thresholdsNorth Atlantic thermohaline circulationOptimal growth model

Mathematics Subject Classification ID

Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (12)

Insurance and climate-driven extreme events ⋮ Why uncertainty matters: discounting under intertemporal risk aversion and ambiguity ⋮ Mitigating global warming: a real options approach ⋮ Pigouvian tax, abatement policies and uncertainty on the environment ⋮ Targets for global climate policy: an overview ⋮ Dynamic optimisation in the presence of threshold effects when the location of the threshold is uncertain -- with an application to a possible disintegration of the Western Antarctic Ice Sheet ⋮ The optimal management of renewable resources under the risk of potential regime shift ⋮ The stochastic lake game: A numerical solution ⋮ Adaptive management of energy transitions in long-term climate change ⋮ Expected utility and catastrophic risk in a stochastic economy-climate model ⋮ The environmental Kuznets curve in a world of irreversibility ⋮ Climate policy: how to deal with ambiguity?

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