Managing Climate Change Under Uncertainty: Recursive Integrated Assessment at an Inflection Point

dc.contributor.author Lemoine, Derek
dc.contributor.author Rudik, Ivan
dc.contributor.department Economics
dc.contributor.department Center for Agricultural and Rural Development
dc.date 2021-03-05T18:26:24.000
dc.date.accessioned 2021-04-30T00:51:16Z
dc.date.available 2021-04-30T00:51:16Z
dc.date.copyright Sun Jan 01 00:00:00 UTC 2017
dc.date.issued 2017-10-01
dc.description.abstract <p>Uncertainty is critical to questions about climate change policy. Recently developed recursive integrated assessment models have become the primary tools for studying and quantifying the policy implications of uncertainty. We decompose the channels through which uncertainty affects policy and quantify them in a recursive extension of a benchmark integrated assessment model. The first wave of recursive models has made valuable, pioneering efforts at analyzing disparate sources of uncertainty. We argue that frontier numerical methods will enable the next generation of recursive models to better capture the information structure of climate change and to thereby ask new types of questions about climate change policy.</p>
dc.description.comments <p>This is a working paper of an article published as Lemoine, Derek, and Ivan Rudik. "Managing Climate Change Under Uncertainty: Recursive Integrated Assessment at an Inflection Point." <em>Annual Review of Resource Economics</em> 9 (2017): 117-142. doi:<a href="https://doi.org/10.1146/annurev-resource-100516-053516">10.1146/annurev-resource-100516-053516</a>. Posted with permission.</p>
dc.identifier archive/lib.dr.iastate.edu/econ_las_pubs/782/
dc.identifier.articleid 1660
dc.identifier.contextkey 13263036
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath econ_las_pubs/782
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/104707
dc.source.uri https://lib.dr.iastate.edu/cgi/viewcontent.cgi?article=1015&context=econ_workingpapers
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Climate
dc.subject.disciplines Natural Resource Economics
dc.subject.disciplines Public Economics
dc.subject.keywords dynamic programming
dc.subject.keywords insurance
dc.subject.keywords learning
dc.subject.keywords precaution
dc.subject.keywords prudence
dc.subject.keywords uncertainty
dc.title Managing Climate Change Under Uncertainty: Recursive Integrated Assessment at an Inflection Point
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isOrgUnitOfPublication 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d
relation.isOrgUnitOfPublication 1a6be5f1-4f64-4e48-bb66-03bbcc25c76d
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