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Precaution And A Dismal Theorem: Implications For Climate Policy And Climate Research

Author

Listed:
  • Gary W. Yohe
  • Richard S.J. Tol

    () (Economic and Social Research Institute, Dublin, Ireland)

Abstract

We discuss the implication of Weitzman's Dismal Theorem for climate policy and climate research.

Suggested Citation

  • Gary W. Yohe & Richard S.J. Tol, 2007. "Precaution And A Dismal Theorem: Implications For Climate Policy And Climate Research," Working Papers FNU-145, Research unit Sustainability and Global Change, Hamburg University, revised Aug 2007.
  • Handle: RePEc:sgc:wpaper:145
    as

    Download full text from publisher

    File URL: http://www.fnu.zmaw.de/fileadmin/fnu-files/publication/working-papers/dismaltheoremwp.pdf
    File Function: First version, 2007
    Download Restriction: no

    References listed on IDEAS

    as
    1. repec:spr:portec:v:3:y:2004:i:2:d:10.1007_s10258-004-0033-z is not listed on IDEAS
    2. Jacqueline M. Hamilton & Maten A. Lau, 2004. "The Role Of Climate Information In Tourist Destination Choice Decision-Making," Working Papers FNU-56, Research unit Sustainability and Global Change, Hamburg University, revised Nov 2004.
    3. Andrea Bigano & Jacqueline M. Hamilton & Richard S.J. Tol, 2004. "The Impact Of Climate On Holiday Destination Choice," Working Papers FNU-55, Research unit Sustainability and Global Change, Hamburg University, revised Oct 2004.
    4. Vassilis Lychnaras & Uwe A. Schneider, 2007. "Dynamic Economic Analysis of Perennial Energy Crops - EffectS of The CAP Reform on Biomass Supply in Greece," Working Papers FNU-132, Research unit Sustainability and Global Change, Hamburg University, revised Apr 2007.
    5. Kelly C. de Bruin & Rob B. Dellink & Richard S.J. Tol, 2007. "AD-DICE: an implementation of adaptation in the DICE model," Working Papers FNU-126, Research unit Sustainability and Global Change, Hamburg University, revised Feb 2007.
    6. Andrea Bigano & Jacqueline M. Hamilton & Maren A. Lau & Richard S.J. Tol & Zhou Yuan, 2004. "A Global Database Of Domestic And International Tourist Numbers At National And Subnational Level," Working Papers FNU-54, Research unit Sustainability and Global Change, Hamburg University, revised Nov 2004.
    7. Malte Schwoon, 2006. "Learning-by-doing, Learning Spillovers and the Diffusion of Fuel Cell Vehicles," Working Papers FNU-112, Research unit Sustainability and Global Change, Hamburg University, revised Jun 2006.
    8. P. Michael Link & Richard S. J. Tol, 2004. "Possible economic impacts of a shutdown of the thermohaline circulation: an application of FUND," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 3(2), pages 99-114, September.
    9. Christine Schleupner, 2005. "Evaluation of coastal squeeze and beach reduction and its consequences for the Caribbean island Martinique," Working Papers FNU-72, Research unit Sustainability and Global Change, Hamburg University, revised May 2005.
    10. Katrin Rehdanz & David Maddison, 2004. "The Amenity Value of Climate to German Households," Working Papers 2004.57, Fondazione Eni Enrico Mattei.
    11. Dritan Osmani & Richard S.J. Tol, 2005. "The case of two self-enforcing international agreements for environmental protection," Working Papers FNU-82, Research unit Sustainability and Global Change, Hamburg University, revised May 2006.
    12. David Anthoff & Robert J. Nicholls & Richard S.J. Tol, 2007. "Sea Level Rise And Equity Weighting," Working Papers FNU-136, Research unit Sustainability and Global Change, Hamburg University, revised May 2007.
    13. Francesco Bosello & Roberto Roson & Richard Tol, 2007. "Economy-wide Estimates of the Implications of Climate Change: Sea Level Rise," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(3), pages 549-571, July.
    14. Erkan Erdil & I. Hakan Yetkiner, 2004. "A Panel Data Approach for Income-Health Causality," Working Papers FNU-47, Research unit Sustainability and Global Change, Hamburg University, revised Apr 2004.
    15. David J. Maddison & Katrin Rehdanz, 2007. "Happiness Over Space And Time," Working Papers FNU-128, Research unit Sustainability and Global Change, Hamburg University, revised Feb 2007.
    16. Katrin Rehdanz & Richard S.J. Tol, 2004. "On Multi-Period Allocation Of Tradable Emission Permits," Working Papers FNU-43, Research unit Sustainability and Global Change, Hamburg University, revised Apr 2004.
    17. Frances Ruane & Richard S.J. Tol, 2007. "Refined (Successive) H-Indices: An Application To Economics In The Republic Of Ireland," Working Papers FNU-130, Research unit Sustainability and Global Change, Hamburg University, revised Mar 2007.
    18. Malte Schwoon, 2006. "A Tool to Optimize the Initial Distribution of Hydrogen Filling Stations," Working Papers FNU-110, Research unit Sustainability and Global Change, Hamburg University, revised Jun 2006.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Hennlock, Magnus, 2009. "Robust Control in Global Warming Management: An Analytical Dynamic Integrated Assessment," Discussion Papers dp-09-19, Resources For the Future.
    2. repec:wsi:ccexxx:v:06:y:2015:i:02:n:s2010007815500098 is not listed on IDEAS
    3. Nordhaus, William, 2013. "Integrated Economic and Climate Modeling," Handbook of Computable General Equilibrium Modeling, Elsevier.
    4. Joseph E. Aldy & Alan J. Krupnick & Richard G. Newell & Ian W. H. Parry & William A. Pizer, 2010. "Designing Climate Mitigation Policy," Journal of Economic Literature, American Economic Association, vol. 48(4), pages 903-934, December.
    5. Adrian Vermeule, 2015. "Rationally Arbitrary Decisions in Administrative Law," The Journal of Legal Studies, University of Chicago Press, vol. 44(S2), pages 475-507.

    More about this item

    Keywords

    climate change; uncertainty;

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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