• Login
    View Item 
    •   Home
    • UA Faculty Research
    • UA Faculty Publications
    • View Item
    •   Home
    • UA Faculty Research
    • UA Faculty Publications
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Browse

    All of UA Campus RepositoryCommunitiesTitleAuthorsIssue DateSubmit DateSubjectsPublisherJournalThis CollectionTitleAuthorsIssue DateSubmit DateSubjectsPublisherJournal

    My Account

    LoginRegister

    About

    AboutUA Faculty PublicationsUA DissertationsUA Master's ThesesUA Honors ThesesUA PressUA YearbooksUA CatalogsUA Libraries

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular Authors

    Ambiguous tipping points

    • CSV
    • RefMan
    • EndNote
    • BibTex
    • RefWorks
    Thumbnail
    Name:
    lemoine_traeger_ambiguity_tipp ...
    Size:
    1.152Mb
    Format:
    PDF
    Description:
    Final Accepted Manuscript
    Download
    Author
    Lemoine, Derek cc
    Traeger, Christian P.
    Affiliation
    Department of Economics, University of Arizona
    Issue Date
    2016-12
    Keywords
    Tipping point
    Ambiguity
    Knightian uncertainty
    Threshold
    Regime shift
    Climate
    Hazard
    Integrated assessment;
    Dynamic programming
    Social cost of carbon
    Carbon tax
    Show allShow less
    
    Metadata
    Show full item record
    Publisher
    ELSEVIER SCIENCE BV
    Citation
    Ambiguous tipping points 2016, 132:5 Journal of Economic Behavior & Organization
    Journal
    Journal of Economic Behavior & Organization
    Rights
    © 2016 Elsevier B.V. All rights reserved.
    Collection Information
    This item from the UA Faculty Publications collection is made available by the University of Arizona with support from the University of Arizona Libraries. If you have questions, please contact us at repository@u.library.arizona.edu.
    Abstract
    We analyze the policy implications of aversion to Knightian uncertainty (ambiguity) about the possibility of tipping points. We demonstrate two channels through which uncertainty aversion affects optimal policy in the general setting. The first channel relates to the policy's effect on the probability of tipping, and the second channel to its differential impact in the pre- and post-tipping regimes. We then extend a recursive dynamic model of climate policy and tipping points to include uncertainty aversion. Numerically, aversion to Knightian uncertainty in the face of an ambiguous tipping point increases the optimal tax on carbon dioxide emissions, but only by a small amount.
    Note
    36 month embargo; Available online 28 March 2016
    ISSN
    01672681
    DOI
    10.1016/j.jebo.2016.03.009
    Version
    Final accepted manuscript
    Sponsors
    National Science Foundation through the Network for Sustainable Climate Risk Management [GEO-1240507]
    Additional Links
    http://linkinghub.elsevier.com/retrieve/pii/S0167268116300221
    ae974a485f413a2113503eed53cd6c53
    10.1016/j.jebo.2016.03.009
    Scopus Count
    Collections
    UA Faculty Publications

    entitlement

     
    The University of Arizona Libraries | 1510 E. University Blvd. | Tucson, AZ 85721-0055
    Tel 520-621-6442 | repository@u.library.arizona.edu
    DSpace software copyright © 2002-2017  DuraSpace
    Quick Guide | Contact Us | Send Feedback
    Open Repository is a service operated by 
    Atmire NV
     

    Export search results

    The export option will allow you to export the current search results of the entered query to a file. Different formats are available for download. To export the items, click on the button corresponding with the preferred download format.

    By default, clicking on the export buttons will result in a download of the allowed maximum amount of items.

    To select a subset of the search results, click "Selective Export" button and make a selection of the items you want to export. The amount of items that can be exported at once is similarly restricted as the full export.

    After making a selection, click one of the export format buttons. The amount of items that will be exported is indicated in the bubble next to export format.