The economics of climate change is characterized by many uncertainties regarding, for instance, climate dynamics, economic damages and potentially irreversible climate catastrophes. Using an optimal growth model of a fossil-fuel-driven economy subject to cli- mate externalities and potentially irreversible climatic regime shifts, this paper contributes to the understanding of how the risk of such events impacts on optimal fossil-fuel use, carbon taxes and fossil-fuel prices…
Publication Keyword: Hazard rate
in /storage/content/64/156064/beijer.kva.se/public_html/wp-content/themes/beijer/archive.php on line 42
Call stack:
include()
wp-includes/template-loader.php:106require_once()
wp-blog-header.php:19require()
index.php:17