Hadamard defines ill-posed problems as those that neither have a solution nor a unique or stable solution exists given the available data. The maximum entropy formalism is an information-theoretic-based statistic that allows the estimation of ill-posed inverse economic problems with an extreme degree of precision in the presence of limited data. I will present two empirical applications of the maximum entropy formalism that could be useful in normative and positive settings to design sustainable environmental policies.
Zoom link: https://zoom.us/j/98193710479?pwd=V1hhZmNtRjlxaUNTdGFvRHArbi9idz09
