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Unpublished Paper
Uncertainty, Technical Change, and Policy Models
College of Management Working Papers and Reports
  • Erin Baker, University of Massachusetts - Amherst
  • Leon Clarke, Joint Global Change Research Institute
  • Jeffrey Keisler, University of Massachusetts Boston
  • Ekundayo Shittu, University of Massachusetts - Amherst
Document Type
Occasional Paper
Publication Date
7-1-2007
Disciplines
Abstract

Both climate change and technical change are uncertain. In this paper we show the importance of including both uncertainties when modeling for policy analysis. We then develop an approach for incorporating uncertainty of technical change into climate change policy analysis. We define and demonstrate a protocol for bottom-up expert assessments about prospects for technologies. We then describe a method for using such assessments to derive a probability distribution over future abatement curves, and to estimate random return functions for technological investment in different areas. Finally, we show how these analytic results could be used in a variety of energy-economic models for policy analysis.

Comments

Working Paper #1028.

Community Engaged/Serving
No, this is not community-engaged.
Citation Information
Erin Baker, Leon Clarke, Jeffrey Keisler and Ekundayo Shittu. "Uncertainty, Technical Change, and Policy Models" (2007)
Available at: http://works.bepress.com/jeffrey_keisler/2/