| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24473 |
| 来源ID | Working Paper 24473 |
| Climate Policy under Cooperation and Competition between Regions with Spatial Heat Transport | |
| Yongyang Cai; William Brock; Anastasios Xepapadeas; Kenneth Judd | |
| 发表日期 | 2018-04-02 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We build a novel stochastic dynamic regional integrated assessment model (IAM) of the climate and economic system including a number of important climate science elements that are missing in most IAMs. These elements are spatial heat transport from the Equator to the Poles, sea level rise, permafrost thaw and tipping points. We study optimal policies under cooperation and noncooperation between two regions (the North and the Tropic-South) in the face of risks and recursive utility. We introduce a new general computational algorithm to find feedback Nash equilibrium. Our results suggest that when the elements of climate science are ignored, important policy variables such as the optimal regional carbon tax and adaptation could be seriously biased. We also find the regional carbon tax is significantly smaller in the feedback Nash equilibrium than in the social planner’s problem in each region, and the North has higher carbon taxes than the Tropic-South. |
| 主题 | Microeconomics ; Mathematical Tools ; Environmental and Resource Economics ; Environment |
| URL | https://www.nber.org/papers/w24473 |
| 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/582147 |
| 推荐引用方式 GB/T 7714 | Yongyang Cai,William Brock,Anastasios Xepapadeas,et al. Climate Policy under Cooperation and Competition between Regions with Spatial Heat Transport. 2018. |
| 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 | ||
| w24473.pdf（1324KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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