Near term mitigation policy for global change under uncertainty: Minimizing the expected cost of meeting unknown concentration thresholds

Near term mitigation policy for global change under uncertainty: Minimizing the expected cost of meeting unknown concentration thresholds

An aggregate integrated assessment model is used to investigate the relative merits of hedging over the near term against the chance that atmospheric concentrations of carbon dioxide will be limited as a matter of global policy. Hedging strategies are evaluated given near term uncertainty about the targeted level of limited concentrations and the trajectory of future carbon emissions. All uncer...

Investment under Uncertainty and Policy Change∗

In this paper the impact of a policy change on the investment behavior of the firm is studied in an asymmetric information setting. The policy change occurs when a stochastic process describing the state of the economic environment reaches a certain trigger. Asymmetric information is modeled here by imposing that the firm does not know this trigger but only its probability distribution. Consequ...

Modeling Long - Term Policy Under Uncertainty

Change Detection under Global Viewpoint Uncertainty

This paper addresses the problem of change detection from a novel perspective of long-term map learning. We are particularly interested in designing an approach that can scale to large maps and that can function under global uncertainty in the viewpoint (i.e., GPS-denied situations). Our approach, which utilizes a compact bag-of-words (BoW) scene model, makes several contributions to the proble...

Robust Discretionary Monetary Policy under Cost-Push Shock Uncertainty of Iran’s Economy

T here is always uncertainty about the soundness of an economic model’s structure and parameters. Therefore, central banks normally face with uncertainty about the key economic explanatory relationships. So, policymaker should take into account the uncertainty in formulating monetary policies. The present study is aimed to examine robust optimal monetary policy under uncertainty, by ...