Browsing Joint Program on the Science and Policy of Global Change Reports by Author "Webster, Mort David."

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    • Estimating Probability Distributions from Complex Models with Bifurcations: The Case of Ocean Circulation Collapse 

      Webster, Mort David.; Scott, Jeffery.; Sokolov, Andrei P.; Stone, Peter H. (MIT Joint Program on the Science and Policy of Global Change, 2006-03)
      Studying the uncertainty in computationally expensive models has required the development of specialized methods, including alternative sampling techniques and response surface approaches. However, existing techniques for ...

    • The Value of Emissions Trading 

      Webster, Mort David.; Paltsev, Sergey.; Reilly, John M. (MIT Joint Program on the Science and Policy of Global Change, 2006-02)
      This paper estimates the value of international emissions trading, focusing attention on a here-to-fore neglected component: its value as a hedge against uncertainty. Much analysis has been done of the Kyoto Protocol and ...