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Computable general equilibrium (CGE) modeling is an attempt to use general equilibrium theory as a tool for analysis of … widespread use of CGE modeling probably is that a CGE model is an ideal bridge between economic theory and applied policy … research. The “bridge” perspective, however, suggests that CGE modeling is a way of using rather than testing economic theory …
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Climate policy has been mainly studied with economic models that assume representative, rational agents. However, it aims at changing behavior associated with carbon-intensive goods that are often subject to bounded rationality and social preferences, such as status and imitation. Here we use a...
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The Amazon biome, despite its resilience, is being pushed by unsustainable economic drivers towards an ecological tipping point where restoration to its previous state may no longer possible. This is the result of self-reinforcing interactions between deforestation, climate change and fire. In...
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