Cost – bene fi t analysis under uncertainty — A note on Weitzman ' s dismal theorem ☆ , ☆ ☆
نویسندگان
چکیده
Article history: Received 14 August 2013 Received in revised form 17 December 2013 Accepted 20 December 2013 Available online 8 January 2014 JEL classification: D81 Q54
منابع مشابه
Weitzman’s Dismal Theorem (Weitzman 2009) challenged the economic analysis of climate policy: The uncertainty about the impact of climate change would be so large that expected utility maximisation is either undefined or arbitrary
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