Wouter Botzen, W.J.; den Bergh, Jeroen C.J.M. van - In: Economics Letters 117 (2012) 1, pp. 372-374
The damage function in the famous climate-economy model DICE has received much criticism. Weitzman (2010) has proposed an alternative approach that gives more serious attention to climate change impacts for larger temperature increases. We calculate optimal climate policy with DICE using this...
