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The Use and Misuse of Models for Climate Policy
Pindyck, Robert S. - 2015
In recent articles, I have argued that integrated assessment models (IAMs) have flaws that make them close to useless as tools for policy analysis. IAM-based analyses of climate policy create a perception of knowledge and precision that is illusory, and can fool policy-makers into thinking that...
Persistent link: https://www.econbiz.de/10013024159
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The use and misuse of models for climate policy
Pindyck, Robert S. - In: Review of environmental economics and policy 11 (2017) 1, pp. 100-114
Persistent link: https://www.econbiz.de/10011960442
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The Use and Misuse of Models for Climate Policy
Pindyck, Robert S. - 2015
In recent articles, I have argued that integrated assessment models (IAMs) have flaws that make them close to useless as tools for policy analysis. IAM-based analyses of climate policy create a perception of knowledge and precision that is illusory, and can fool policy-makers into thinking that...
Persistent link: https://www.econbiz.de/10012457569
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The agnostic's response to climate deniers : price carbon!
Ploeg, Frederick van der; Rezai, Armon - In: European economic review : EER 111 (2019), pp. 70-84
Persistent link: https://www.econbiz.de/10012237673
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Impact of climate model uncertainties on socioeconomics : a case study with a medium mitigation scenario
Matsumoto, Ken'ichi; Tachiiri, Kaoru; Kawamiya, Michio - In: Computers & operations research : and their … 66 (2016), pp. 374-383
Persistent link: https://www.econbiz.de/10011429028
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Building uncertainty into the adaptation cost estimation in integrated assessment models
Markandya, Anil; De Cian, Enrica; Drouet, Laurent; … - 2016
uncertainty into Integrated Assessment Models (IAMs). Uncertainty is transformed into a risk-premium, damage-correction, region …. This risk premium quantifies what society would be willing to pay to insure against the uncertainty of the damages, and it … highly sensitive to the coefficient of relative risk aversion. Once the climate change damage function incorporates the risk …
Persistent link: https://www.econbiz.de/10011451668
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Building risk into the mitigation/adaptation decisions simulated by integrated assessment models
Markandya, Anil; De Cian, Enrica; Drouet, Laurent; … - In: Environmental & resource economics : the official … 74 (2019) 4, pp. 1687-1721
Persistent link: https://www.econbiz.de/10012385023
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A simple framework for climate-change policy under model uncertainty
Athanasoglou, Stergios; Bosetti, Valentina; Drouet, Laurent - 2016
We propose a novel framework for the economic assessment of climate-change policy. Our main point of departure from existing work is the adoption of a "satisficing", as opposed to optimizing, modeling approach. Along these lines, we place primary emphasis on the extent to which different...
Persistent link: https://www.econbiz.de/10011614242
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Climate policies under climate model uncertainty : max-min and min-max regret
Rezai, Armon; Ploeg, Frederick van der - 2017 - Revised May 2017
Temperature responses and optimal climate policies depend crucially on the choice of a particular climate model. To illustrate, the temperature responses to given emission reduction paths implied by the climate modules of the well-known integrated assessments models DICE, FUND and PAGE are...
Persistent link: https://www.econbiz.de/10011718250
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Climate policies under climate model uncertainty : max-min and min-max regret
Rezai, Armon; Ploeg, Frederick van der - 2017
Persistent link: https://www.econbiz.de/10011589330