Managing Climate Change Under Uncertainty: Recursive Integrated Assessment at an Inflection Point Lemoine, Derek Rudik, Ivan Rudik, Ivan
dc.contributor.department Economics 2019-07-18T06:40:02.000 2020-06-30T02:14:00Z 2020-06-30T02:14:00Z 2016-12-23 2016-10-01
dc.description.abstract <p>Uncertainty is critical to questions about climate change policy. Recently developed recursive integrated assessment models have become the primary tool for studying and quantifying the policy implications of uncertainty. The first wave of recursive models has made valuable, pioneering efforts at analyzing disparate sources of uncertainty. We decompose the channels through which uncertainty affects policy and quantify them in a recursive extension of a benchmark integrated assessment model. 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.format.mimetype application/pdf
dc.identifier archive/
dc.identifier.articleid 1015
dc.identifier.contextkey 9499894
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath econ_workingpapers/12
dc.relation.ispartofseries 16015
dc.source.bitstream archive/|||Fri Jan 14 19:07:13 UTC 2022
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.isAuthorOfPublication 4f2be8b1-765f-496e-b56f-c5ae8b0d74d0
relation.isOrgUnitOfPublication 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d
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