Tipping Points and Ambiguity in the Economics of Climate Change
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We model welfare-maximizing policy in an infinite-horizon setting when the probability of a tipping point, the welfare change due to a tipping point, and knowledge about a tipping point's trigger all depend on the policy path. Analytic results demonstrate how optimal policy depends on the ability to
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美国国家经济研究局创建时间:
2012-07-01



