The Economics of Tail Events with an Application to Climate Change

By William Nordhaus. Review of Environmental Economics and Policy, 2011

200 citations recorded by the source corpus.

Subfields: Demography, Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/6cdd114307b680681a4c3bde7d968f55fcc29881

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Demography

1. Elke U. Weber
2. Anthony G. Patt

In Economics and Econometrics

1. Ekundayo Shittu
2. Valentina Bosetti
3. Howard Kunreuther
4. Elke U. Weber
5. Sheila Jasanoff
6. Shreekant Gupta
7. Anthony G. Patt

In Renewable Energy, Sustainability and the Environment

1. Ekundayo Shittu
2. Valentina Bosetti
3. Anthony G. Patt

Citations in the corpus

• Targets for global climate policy: an overview (2013, unknown): “See also Nordhaus (2011), Tol (2003), Tol and Yohe (2006, 2007) and Weitzman (2007, 2009a).”
• Opportunities for knowledge co-production across the energy-food-water nexus: Making interdisciplinary approaches work for better climate decision making (2017, unknown): “MARK Asseng et al., 2013; Rosenzweig et al., 2014) and scales (Garcia and You, 2016) has recently being analysed in the literature (Gillingham et al., 2015; Weitzman, 2011; Nordhaus, 2011; Knutti and Sedláček, 2013).”
• Integrated Risk and Uncertainty Assessment of Climate Change Response Policies (2014, background): “8 One strong and recurrent argument against CBA (Christian Azar and Lindgren, 2003; Tol, 2003; 9 Weitzman, 2009, 2011; Nordhaus, 2011) is specifically related to its failure to deal with low 10 probability, catastrophic events that might lead to unbounded measures of either costs and/or 11 benefits.”
• More than Mean Effects: Modeling the Effect of Climate on the Higher Order Moments of Crop Yields (2012, unknown): “Our application demonstrates this moment based maximum entropy approach’s ability to capture climate-driven changes in the “fatness” of the yield distribution’s tails, the importance of which was recently stressed in Nordhaus (2011), Pindyck (2011), and Weitzman (2011).”
• On Welfare Frameworks and Catastrophic Climate Risks (2013, unknown): “There are however several criticisms of the manner in which Weitzman applies these arguments to the economics of climate change, based on our scientific understanding of how increases in CO2 concentrations affect temperature distributions [53,10,49,56].”
• Fat Tails, Thin Tails, and Climate Change Policy (2010, unknown): “The other articles in the symposium are Nordhaus (2011) and Weitzman (2011).”