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来源类型 | Working Paper |
规范类型 | 论文 |
Robust Control in Global Warming Management: An Analytical Dynamic Integrated Assessment | |
Magnus Hennlock | |
发表日期 | 2009-05-04 |
出版年 | 2009 |
页码 | DP 09-19 |
语种 | 英语 |
摘要 | Imperfect measurement of uncertainty (deeper uncertainty) in climate sensitivity is introduced in a two-sectoral integrated assessment model (IAM) with endogenous growth, based on an extension of DICE. The household expresses ambiguity aversion and can use robust control via a 'shadow ambiguity premium' on social carbon cost to identify robust climate policy feedback rules that work well over a range such as the IPCC climate sensitivity range (IPCC, 2007a). Ambiguity aversion, in combination with linear damage, increases carbon cost in a similar way as a low pure rate of time preference. However, ambiguity aversion in combination with non-linear damage would also make policy more responsive to changes in climate data observations. Perfect ambiguity aversion results in an infinite expected shadow carbon cost and a zero carbon consumption path. Dynamic programming identifies an analytically tractable solution to the IAM. |
主题 | Environmental Economics Topics ; Risk and Uncertainty ; Climate Change |
子主题 | Carbon Tax ; Uncertainty |
URL | http://www.rff.org/research/publications/robust-control-global-warming-management-analytical-dynamic-integrated |
来源智库 | Resources for the Future (United States) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/40997 |
推荐引用方式 GB/T 7714 | Magnus Hennlock. Robust Control in Global Warming Management: An Analytical Dynamic Integrated Assessment. 2009. |
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