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Wrestling with Uncertainty in Climate Economic Models
Brock, William A. - 2019
This paper uses insights from decision theory under uncertainty to explore research challenges in climate economics. We … embrace a broad perspective of uncertainty with three components: risk (probabilities assigned by a given model), ambiguity … for using models to provide policy guidance. The uncertainty components and their implications for decision theory help us …
Persistent link: https://www.econbiz.de/10012901480
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Economic Modeling of Climate Risks
Le Guenedal, Théo - 2020
Climate change is a subject that has been largely addressed from both macroeconomic and energetic standpoints. Integration of climate variables and natural capital into the traditional economic framework can appear conflicting with the notion of infinitely growing economies exploiting finite...
Persistent link: https://www.econbiz.de/10012823065
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Expected utility and catastrophic risk in a stochastic economy-climate model
Ikefuji, Masako; Laeven, Roger J. A.; Magnus, Jan R.; … - In: Journal of econometrics 214 (2020) 1, pp. 110-129
Persistent link: https://www.econbiz.de/10012438313
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Uncertainty of climate models and policy implications : a European perspective
Greiner, Alfred - 2024
In this paper we show that both climate models and economic models studying the effects of climate change are characterized by high uncertainty. Hence, far reaching policy implications such as the net zero goal lack a definite scientific foundation. Neverthelss, it cannot be excluded that the...
Persistent link: https://www.econbiz.de/10015053416
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The structure of economic modeling of the potential impacts of climate change : grafting gross underestimation of risk onto already Narrow science models
Stern, Nicholas H. - In: Journal of economic literature 51 (2013) 3, pp. 838-859
Persistent link: https://www.econbiz.de/10010477480
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The International Model for Policy Analysis of Agricultural Commodities and Trade (IMPACT) : model description for version 3
Robinson, Sherman; Mason-D'Croz, Daniel; Islam, Shahnila; … - 2015
Persistent link: https://www.econbiz.de/10011490116
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Climate impact assessments with a lens on inequality
Sánchez, Marco V. - In: The journal of environment & development : a review of … 27 (2018) 3, pp. 267-298
Persistent link: https://www.econbiz.de/10011900819
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Chapter 16. Integrated Economic and Climate Modeling
Nordhaus, William - In: Handbook of computable general equilibrium modeling : …, (pp. 1069-1131). 2013
This survey examines the history and current practice in integrated assessment models (IAMs) of the economics of climate change. It begins with a review of the emerging problem of climate change. The next section provides a brief sketch of the rise of IAMs in the 1970s and beyond. The subsequent...
Persistent link: https://www.econbiz.de/10014025275
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Modeling linkages between climate policy and land use : an overview
Van der Werf, Edwin; Peterson, Sonja - In: Agricultural economics : the journal of the … 40 (2009) 5, pp. 507-517
Persistent link: https://www.econbiz.de/10003905327
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Modeling linkages between climate policy and land use : an overview
Van der Werf, Edwin (contributor);  … - 2007
Agriculture and forestry play an important role in emitting and storing greenhouse gases. For an efficient and cost-effective climate policy it is therefore important to explicitly include land use, land use change, and forestry (LULUCF) in economy-climate models. This paper gives an overview...
Persistent link: https://www.econbiz.de/10003449235