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PRODID:-//Columba Systems Ltd//NONSGML CPNG/SpringViewer/ICal Output/3.3-
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VERSION:2.0
CALSCALE:GREGORIAN
METHOD:PUBLISH
BEGIN:VEVENT
DTSTAMP:20160307T182114Z
DTSTART:20160315T130000Z
DTEND:20160315T140000Z
SUMMARY:Environmental and Resource Economics Workshop by Elizabeth Baldwi
 n
UID:{http://www.columbasystems.com/customers/uom/gpp/eventid/}k1ge-ilibde
 3c-rstuqz
DESCRIPTION:Environmental and Resource Economics Workshop by Elizabeth Ba
 ldwin\nTitle: Choosing in the Dark: Incomplete Preferences\, and Climate
  Policy\n\nAbstract:\nHow should we frame collective decision-making whe
 n the stakes are high and reasonable people disagree? A model of incompl
 ete preferences (cf. Galaabaatar and Karni\, 2013) may be appropriate\, 
 and I suggest characterisations for when it is so.  This incompleteness 
 arises from disagreement about the probabilities of diverse outcomes\, a
 s well as differing levels of impatience\, and risk or inequality aversi
 on.\n\nMy leading example is our level of response to climate change\; n
 umerical modelling substantiates the extraordinary extent of potential d
 isagreement in this case.  I derive the relative robustness of using pri
 ce- or quantity-based policy targets\, in the incomplete situation.   Fi
 nally\, I use this model to re-frame the `dismal theorem' of Weitzman (2
 009)\, clarifying the key insights it provides.\n
STATUS:TENTATIVE
TRANSP:TRANSPARENT
CLASS:PUBLIC
LOCATION:G.30/31\, Arthur Lewis Building\, Manchester
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