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Managing Catastrophic Climate Risks Under Model Uncertainty Aversion

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  • Loïc Berger

    (CNRS - Centre National de la Recherche Scientifique, IÉSEG School Of Management [Puteaux], EIEE - European Institute on Economics and the Environment, CMCC - Centro Euro-Mediterraneo per i Cambiamenti Climatici [Bologna])

  • Johannes Emmerling

    (EIEE - European Institute on Economics and the Environment)

  • Massimo Tavoni

    (FEEM - Fondazione Eni Enrico Mattei [Milano])

Abstract

No abstract is available for this item.

Suggested Citation

  • Loïc Berger & Johannes Emmerling & Massimo Tavoni, 2017. "Managing Catastrophic Climate Risks Under Model Uncertainty Aversion," Post-Print hal-03027150, HAL.
    • Handle: RePEc:hal:journl:hal-03027150
    DOI: 10.1287/mnsc.2015.2365
    Note: View the original document on HAL open archive server: https://hal.science/hal-03027150v1
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    References listed on IDEAS

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    Cited by:

    1. Pace, Davide D. & Imai, Taisuke & Schwardmann, Peter & van der Weele, Joël J., 2025. "Uncertainty about carbon impact and the willingness to avoid CO2 emissions," Ecological Economics, Elsevier, vol. 227(C).
    2. Pablo Gutiérrez Cubillos & Roberto Pastén, 2023. "Nonlinear risks: a unified framework," Theory and Decision, Springer, vol. 95(1), pages 11-32, July.
    3. repec:hal:wpaper:hal-03590990 is not listed on IDEAS
    4. Lu Li & Richard Peter, 2021. "Should we do more when we know less? The effect of technology risk on optimal effort," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(3), pages 695-725, September.
    5. Marcel Nutz & Florian Stebegg, 2022. "Climate change adaptation under heterogeneous beliefs," Mathematics and Financial Economics, Springer, volume 16, number 3, January.
    6. David Anthoff & Richard S. J. Tol, 2022. "Testing the Dismal Theorem," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 9(5), pages 885-920.
    7. Johanna Etner & Meglena Jeleva & Natacha Raffin, 2021. "Climate policy: How to deal with ambiguity?," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 72(1), pages 263-301, July.
    8. Emily Ho & David V. Budescu & Valentina Bosetti & Detlef P. Vuuren & Klaus Keller, 2019. "Not all carbon dioxide emission scenarios are equally likely: a subjective expert assessment," Climatic Change, Springer, vol. 155(4), pages 545-561, August.
    9. Berger, Loïc & Bosetti, Valentina, 2020. "Characterizing ambiguity attitudes using model uncertainty," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 621-637.
    10. Rula Abushanab, 2024. "Role of Artificial Intelligence and Big Data in Sustainable Entrepreneurship," Journal of Artificial Intelligence General science (JAIGS) ISSN:3006-4023, Open Knowledge, vol. 5(1), pages 275-294.
    11. Ilke Aydogan & Loïc Berger & Valentina Bosetti, 2023. "Unraveling Ambiguity Aversion," Post-Print hal-04071242, HAL.
    12. Marcel Nutz & Florian Stebegg, 2021. "Climate Change Adaptation under Heterogeneous Beliefs," Papers 2101.08424, arXiv.org, revised Feb 2022.
    13. Loic Berger & Massimo Marinacci, 2017. "Model Uncertainty in Climate Change Economics," Working Papers 616, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    14. Simon Quemin, 2016. "Intertemporal abatement decisions under ambiguity aversion in a cap and trade," Working Papers 1604, Chaire Economie du climat.
    15. Yongyang Cai, 2020. "The Role of Uncertainty in Controlling Climate Change," Papers 2003.01615, arXiv.org, revised Oct 2020.
    16. Loïc Berger & Massimo Marinacci, 2020. "Model Uncertainty in Climate Change Economics: A Review and Proposed Framework for Future Research," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(3), pages 475-501, November.
    17. Rising, James A. & Taylor, Charlotte & Ives, Matthew C. & Ward, Robert E.t., 2022. "Challenges and innovations in the economic evaluation of the risks of climate change," LSE Research Online Documents on Economics 114941, London School of Economics and Political Science, LSE Library.
    18. Han Bleichrodt, 2022. "The prevention puzzle," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 47(2), pages 277-297, September.
    19. Loïc Berger & Johannes Emmerling, 2020. "Welfare As Equity Equivalents," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 727-752, September.
    20. Aurélien Baillon & Han Bleichrodt & Chen Li & Peter P. Wakker, 2025. "Source Theory: A Tractable and Positive Ambiguity Theory," Management Science, INFORMS, vol. 71(10), pages 8767-8782, October.
    21. repec:hal:wpaper:hal-04071242 is not listed on IDEAS
    22. Seeve, Teemu & Vilkkumaa, Eeva, 2022. "Identifying and visualizing a diverse set of plausible scenarios for strategic planning," European Journal of Operational Research, Elsevier, vol. 298(2), pages 596-610.
    23. Nahed Eddai & Ani Guerdjikova, 2023. "To mitigate or to adapt: how to deal with optimism, pessimism and strategic ambiguity?," Post-Print hal-03590990, HAL.
    24. Rising, James A. & Taylor, Charlotte & Ives, Matthew C. & Ward, Robert E.T., 2022. "Challenges and innovations in the economic evaluation of the risks of climate change," Ecological Economics, Elsevier, vol. 197(C).
    25. Ikefuji, Masako & Laeven, Roger J.A. & Magnus, Jan R. & Muris, Chris, 2020. "Expected utility and catastrophic risk in a stochastic economy–climate model," Journal of Econometrics, Elsevier, vol. 214(1), pages 110-129.

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