?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpure.iiasa.ac.at%2Fid%2Feprint%2F4168%2F&rft.title=Pathways+of+Economic+Development+in+an+Uncertain+Environment%3A+A+Finite+Scenario+Approach+to+the+U.S.+Region+Under+Carbon+Emission+Restrictions&rft.creator=Rosa%2C+C.H.&rft.description=Prediction+of+future+economic+behavior+is+increasingly+important+for+both+public+and+private+economic+planning.+This+prediction+is%2C+however%2C+increasingly+fraught+with+difficulties+because+of+the+uncertainty+surrounding+the+future+state+of+so+many+key+economic+parameters.+In+this+paper+we+consider+how+stochastic+programming+may+be+a+valuable+tool+in+the+analysis+of+these+kinds+of+problems.+Using+the+U.S.+region+of+Alan+Manne+and+Richard+Richels+Global+2100+five+region+world+trade+model+and+a+set+of+eight+future+state-of-the-world+scenarios%2C+we+observe+how+the+development+paths+of+several+key+variables+predicted+by+stochastic+programming+differ+in+interesting+ways+from+the+paths+predicted+using+deterministic+methods.+We+conclude+that+the+explicit+way+in+which+stochastic+programming+models+uncertainty+may+prove+useful+to+economic+analysis+efforts+and+provide+additional+insight+into+the+nature+of+economic+development+in+an+uncertain+environment.&rft.publisher=WP-94-041&rft.date=1994-05&rft.type=Monograph&rft.type=NonPeerReviewed&rft.format=text&rft.language=en&rft.identifier=https%3A%2F%2Fpure.iiasa.ac.at%2Fid%2Feprint%2F4168%2F1%2FWP-94-041.pdf&rft.identifier=++Rosa%2C+C.H.+%3Chttps%3A%2F%2Fpure.iiasa.ac.at%2Fview%2Fiiasa%2F1541.html%3E++(1994).++Pathways+of+Economic+Development+in+an+Uncertain+Environment%3A+A+Finite+Scenario+Approach+to+the+U.S.+Region+Under+Carbon+Emission+Restrictions.+++IIASA+Working+Paper.+IIASA%2C+Laxenburg%2C+Austria%3A+WP-94-041+++++