Brock, William A.; Engström, Gustav; Grass, Dieter; … - In: Journal of Economic Dynamics and Control 37 (2013) 12, pp. 2371-2396
In a general equilibrium model of the world economy, we develop a two-dimensional energy balance climate model featuring heat diffusion and anthropogenic forcing driven by global fossil fuel use across the sphere of the Earth. This introduces an endogenous location dependent temperature...