Newbold, Stephen C.; Marten, Alex L. - In: Journal of Environmental Economics and Management 68 (2014) 1, pp. 111-123
theoretical studies emphasize the risks of “climate catastrophes,” which depend on climate sensitivity and on marginal damages at …): marginal damages at low temperature anomalies, marginal damages at high temperature anomalies, and equilibrium climate … sensitivity. Most empirical studies of climate damages have examined temperature anomalies up to 3°C, while some recent …