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concept of potential world GDP at time t, and we introduce, through the temperature function, spatial characteristics into the …
Persistent link: https://www.econbiz.de/10009487086
We study a dynamic game of climate policy design in terms of emissions and solar radiation management (SRM) involving two heterogeneous regions or countries. Countries emit greenhouse gasses (GHGs), and can block incoming radiation by unilateral SRM activities, thus reducing global temperature....
Persistent link: https://www.econbiz.de/10010459892
This paper is, to our knowledge, the first paper in climate economics to consider the combination of spatial heat transport and polar amplification. We simplified the problem by stratifying the Earth into latitude belts and assuming, as in North et al. (1981), that the two hemispheres were...
Persistent link: https://www.econbiz.de/10011451284