Michaelis, Peter; Wirths, Heiko - In: Environmental Economics and Policy Studies 22 (2020) 4, pp. 555-584
-industrial level. Nonetheless, the damage functions employed in integrated assessment models that aim at studying the economics of … ecological and social systems. In the present paper, we implement such rate-related damages in the well-known integrated … assessment model DICE-2016R. Using the resulting model variant DICE-RD, we show for several scenarios that an insufficient …