p. 51, 53:
Equations (4.17) and (4.23): Utility should be discounted by e^{-\rho t}. Credit: Guy Meunier.
p. 56
If the marginal benefit cost curve is steeper (less steep) than the marginal abatement cost curve, then mistakes with quantity (price) instruments are LESS costly than mistakes with price (quantity instruments). Credit: Ruby Lawrence
pp. 113-114
In Equations (8.5) and (8.7), functions D and B are reversed. Under Equation (8.5), G denotes new gains. Credit; Alex Dubgaard.
p. 138
Because negative surprise are more likely than positive surprises of equal size, the expectation of the social cost of carbon is larger than its mode. The certainty equivalent of the social cost of carbon is larger still because it further emphasizes the negatives; this would also be true if the uncertainty is symmetric. The difference between the certainty equivalent and the expectation grows as the rate of risk aversion increases. Credit: Ruby Lawrence