Publication
Aug 2009
This paper applies standardized numerical techniques of stochastic optimization to the climate change issue. The model captures the feature that the effects of uncertainty are different with different levels of agent's risk aversion.
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English (PDF, 19 pages, 425 KB) |
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Author | Thomas S Lontzek, Daiju Narita |
Series | Kiel Institute Working Papers |
Issue | 1539 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2009 Kiel Institute for the World Economy |