Author: Nordhaus William D.
Publisher: Oxford University Press
ISSN: 1750-6816
Source: Review of Environmental Economics and Policy, Vol.5, Iss.2, 2011-01, pp. : 240-257
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Abstract
From time to time, something occurs that is outside the range of what is normally expected. This is called a tail event in the sense that it is way out the tail of a probability distribution. This article considers the implications of tail events for economic policy and climate change economics. This issue has been analyzed by
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