Uncertainty plays a significant role in evaluating climate policy, and fat-tailed uncertainty may dominate policy advice. Should we make our utmost effort to prevent the arbitrarily large impacts of climate change under ...

Ocean acidification is increasingly recognized as a major global problem. Yet economic assessments of its effects are currently almost absent. Unlike most other marine organisms, mollusks, which have significant commercial ...

We use the integrated assessment model FUND to compute the income elasticities of climate change impacts for different world regions over time. We find limited support for Schelling?s Conjecture that development might be ...

Research into the social cost of carbon emissions ? the marginal social damage from a tonne of emitted carbon ? has tended to focus on ?best guess? scenarios. Such scenarios generally ignore the potential for low-probability, ...