Dynamic uncertainty and global warming risk

Arbeitspapier

When economic agents decide their optimal environmental behavior, they have to take into account non continuos evolutionary trends and irreversible changes characterising environmental phenomena. Given the still non perfect biophysical and economic knowledge, decisions have to be taken in an uncertain framework. The paper analyses in the specific how agents' optimal choices are affected by the presence of a future possible, but uncertain catastrophic occurrence provoked by a climate collapse due to global warming.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Nota di Lavoro ; No. 80.1999

Classification and Topics

• Classification: Wirtschaft
• Subject: Climate change ; irreversibility ; endogenous-exogenous uncertainty ; Prinzipal-Agent-Theorie ; Risiko ; Klimawandel ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bosello, Francesco ; Moretto, Michele
• Event: Veröffentlichung
• (who): Fondazione Eni Enrico Mattei (FEEM)
• (where): Milano
• (when): 1999

Further information

• Handle: http://hdl.handle.net/10419/155033
• Last update: 10.03.2025, 11:42 AM CET