15 Mar Minimax Regret Climate Policy with Deep Uncertainty in Climate Modeling and Intergenerational Discounting
(with Charles F. Manski and Alan H. Sanstad)
NBER Working Paper #29716 (February 2022)
Integrated assessment models have become the primary tools for comparing climate policies that seek to reduce greenhouse gas emissions. Policy comparisons have often been performed by considering a planner who seeks to make optimal trade-offs between the costs of carbon abatement and the economic damages from climate change. The planning problem...