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来源类型Working Paper
规范类型报告
DOI10.3386/w18704
来源IDWorking 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
URLhttps://www.nber.org/papers/w18704
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/576378
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GB/T 7714
Yongyang Cai,Kenneth L. Judd,Thomas S. Lontzek. The Social Cost of Stochastic and Irreversible Climate Change. 2013.
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