Uncertainty and the value of information with stochastic losses from global warming

Risk Analysis

Volumn 16, Issue 2, 1996, Pages 227-235

  Peck, Stephen C ^a   Teisberg, Thomas J ^b  

^a ELECTRIC POWER RESEARCH INSTITUTE   (United States)

^b Teisberg Associates   (United States)

Author keywords

decision making under uncertainty; Global warming; integrated assessment; policy analysis; value of information

Indexed keywords

ARTICLE; DATA ANALYSIS; DECISION MAKING; ECONOMIC DEVELOPMENT; GREENHOUSE EFFECT; RISK ASSESSMENT; STOCHASTIC MODEL;

CLIMATE CHANGE; ENVIRONMENTAL POLICY; GLOBAL WARMING; POLICY ANALYSIS; STOCHASTIC ANALYSIS; STOCHASTIC APPROACH;

COSTS; DECISION MAKING; ECONOMIC AND SOCIAL EFFECTS; ENERGY UTILIZATION; GLOBAL WARMING; MATHEMATICAL MODELS; OPTIMIZATION; PROBABILITY; SPECIFICATIONS; TECHNOLOGY;

DECISION MAKING UNDER UNCERTAINTY; IMMEDIATE UNCERTAINTY RESOLUTION; INTEGRATED ASSESSMENT; OPTIMAL POLICIES; STOCHASTIC LOSSES; UNCERTAINTY; VALUE OF INFORMATION;

RISK ASSESSMENT;

EID: 0029662522     PISSN: 02724332     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1539-6924.1996.tb01453.x     Document Type: Article

References (7)

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4. H.-P. Chao, "Managing the Risk of Global Climate Catastrophe: An Uncertainty Analysis," Risk Analysis 15(1), 69-78 (1995).
5. S. C. Peck and T. J. Teisberg, "Global Warming Uncertainties and the Value of Information: An Analysis Using CETA," Resource and Energy Economics 15(1), 71-97 (1993).
6. W. D. Nordhaus, "Expert Opinion on Climatic Change," American Scientist 45-51 (January-February 1994).
7. Energy Modeling Forum, "Study Design for EMF12 Global Climate Change: Energy Sector Impacts of Greenhouse Gas Emission Control Strategies," Draft, Stanford University Energy Modeling Forum, Stanford CA (May 1991).