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Mathematics vs. Statistics in tackling Environmental Economics uncertainty

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  • Halkos, George
  • Kitsos, Christos

Abstract

In this paper the appropriate background in Mathematics and Statistics is considered in developing methods to investigate Risk Analysis problems associated with Environmental Economics uncertainty. New senses of uncertainty are introduced and a number of sources of uncertainty are discussed and presented. The causes of uncertainty are recognized helping to understand how they affect the adopted policies and how important their management is in any decision-making process. We show Mathematical Models formulate the problem and Statistical models offer possible solutions, restricting the underlying uncertainty, given the model and the error assumptions are correct. As uncertainty is always present we suggest ways on how to handle it.

Suggested Citation

  • Halkos, George & Kitsos, Christos, 2018. "Mathematics vs. Statistics in tackling Environmental Economics uncertainty," MPRA Paper 85280, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:85280
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    File URL: https://mpra.ub.uni-muenchen.de/85280/1/MPRA_paper_85280.pdf
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    References listed on IDEAS

    as
    1. George Halkos & John Hutton, "undated". "Acid Rain Games in Europe," Discussion Papers 93/12, Department of Economics, University of York.
    2. George E. Halkos & Dimitra C. Kitsou, 2015. "Uncertainty in optimal pollution levels: modelling and evaluating the benefit area," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 58(4), pages 678-700, April.
    3. Halkos, George & Papageorgiou, George, 2008. "Extraction of non-renewable resources: a differential game approach," MPRA Paper 37596, University Library of Munich, Germany.
    4. Halkos, George, 2010. "Exploring Greek innovation activities: the adoption of generalized linear models," MPRA Paper 24392, University Library of Munich, Germany.
    5. George E. Halkos & Dimitra C. Kitsou, 2018. "Weighted location differential tax in environmental problems," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 20(1), pages 1-15, January.
    6. George Halkos & Christos Kitsos, 2005. "Optimal pollution level: a theoretical identification," Applied Economics, Taylor & Francis Journals, vol. 37(13), pages 1475-1483.
    7. Halkos, G.E., 1994. "Optimal acid rain abatement policy in Europe," MPRA Paper 33943, University Library of Munich, Germany.
    8. George Halkos, 1994. "Optimal abatement of sulphur emissions in Europe," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 4(2), pages 127-150, April.
    9. George Halkos, 1996. "Incomplete information in the acid rain game," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 23(2), pages 129-148, June.
    10. Hutton, J P & Halkos, G E, 1995. "Optimal acid rain abatement policy for Europe: An analysis for the year 2000," Energy Economics, Elsevier, vol. 17(4), pages 259-275, October.
    11. Halkos, George E., 1993. "Sulphur abatement policy: Implications of cost differentials," Energy Policy, Elsevier, vol. 21(10), pages 1035-1043, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Uncertainty; Environmental Economics; Mathematics; Statistics.;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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