Uncertainty Can Go Both Ways

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Henderson_Uncertaintly_2013.pdf (833.2 KB)
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Henderson, David R.
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2013
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Summer 2013
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Abstract
Bob Litterman (p. 38) makes some excellent points about the roles of uncertainty, size of damage, and economic growth in his discussion of how the government should “price” carbon emissions. However, he does not go far enough in considering the role of uncertainty. A deeper appreciation of uncertainty over the effect of carbon emissions on people’s lives leads to a wider range of reasonable policies than Litterman considers.
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Article
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https://hdl.handle.net/10945/46115
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Business & Public Policy (GSBPP)
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Regulation, Summer 2013, pp. 50-51
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This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
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