Uncertainty and Learning in a Strategic Environment : Global Climate Change ∗

  title={Uncertainty and Learning in a Strategic Environment : Global Climate Change ∗},
  author={Erin Baker},
Global climate change is rife with uncertainties. Yet, we can expect to resolve much of this uncertainty in the next 100 years or so. Therefore, current actions should re°ect the value of °exibility. Nevertheless, most models of climate change, particularly game-theoretic models, abstract from uncertainty. Additionally, most analysis of climate change abstracts completely from the idea that the uncertainties may not be perfectly correlated across nations. In this paper, I model the e®ects of… CONTINUE READING
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