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What is Climate Change Pricing Uncertainty Analysis about?
The document discusses the complexities of pricing uncertainty induced by climate change, emphasizing the need for a robust framework that incorporates decision theory, economic modeling, and asset pricing. It highlights the challenges of assessing the social cost of carbon amidst various uncertainties, including risk, ambiguity, and model misspecification. The authors propose a structural model to analyze these uncertainties and their implications for policy design in the context of climate change and econ
- Author
- khanhiug204
- Language
- EN