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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w18704 |
来源ID | Working Paper 18704 |
The Social Cost of Stochastic and Irreversible Climate Change | |
Yongyang Cai; Kenneth L. Judd; Thomas S. Lontzek | |
发表日期 | 2013-01-17 |
出版年 | 2013 |
语种 | 英语 |
摘要 | There is great uncertainty about the impact of anthropogenic carbon on future economic wellbeing. We use DSICE, a DSGE extension of the DICE2007 model of William Nordhaus, which incorporates beliefs about the uncertain economic impact of possible climate tipping events and uses empirically plausible parameterizations of Epstein-Zin preferences to represent attitudes towards risk. We find that the uncertainty associated with anthropogenic climate change imply carbon taxes much higher than implied by deterministic models. This analysis indicates that the absence of uncertainty in DICE2007 and similar models may result in substantial understatement of the potential benefits of policies to reduce GHG emissions. |
主题 | Microeconomics ; Mathematical Tools ; Economics of Information ; Environmental and Resource Economics ; Environment |
URL | https://www.nber.org/papers/w18704 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576378 |
推荐引用方式 GB/T 7714 | Yongyang Cai,Kenneth L. Judd,Thomas S. Lontzek. The Social Cost of Stochastic and Irreversible Climate Change. 2013. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w18704.pdf(669KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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