To learn or to change: optimal R\&D investments under uncertainty in the case of climate change

DOI10.1111/NRM.12032zbMATH Open1542.91245MaRDI QIDQ6550393

Ruiqing Miao, David A. Hennessy

Publication date: 5 June 2024

Published in: Natural Resource Modeling (Search for Journal in Brave)

zbMATH Keywords

uncertaintyclimate changeR\&D investmentsprecautionary principlelearn-then-act principle

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Cites Work

• Climate change and optimal energy technology R\&D policy
• The climate change learning curve
• Bayesian learning, growth, and pollution
• Decision-making under scientific uncertainty: The economics of the precautionary principle
• Decision Making and the Temporal Resolution of Uncertainty

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