Modeling the Impact of Warming in Climate Change Economics

Modeling the Impact of Warming in Climate Change Economics

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Any economic analysis of climate change policy requires some model that describes the impact of warming on future GDP and consumption. Most integrated assessment models (IAMs) relate temperature to the level of real GDP and consumption, but there are theoretical and empirical reasons to expect te...

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Bibliographic Details
Main Author: Pindyck, Robert S.
Format: Working Paper
Language:en_US
Published: Cambridge, MA; Alfred P. Sloan School of Management, Massachusetts Institute of Technology 2011
Subjects:
economic impact models
uncertainty
impact of warming
climate change
Environmental policy
Online Access:http://hdl.handle.net/1721.1/66589

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