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Unpublished Paper
Managing Climate Change Under Uncertainty: Recursive Integrated Assessment at an Inflection Point
Economics Working Papers
  • Derek Lemoine, University of Arizona
  • Ivan Rudik, Iowa State University
Publication Date
10-1-2016
Number
16015
Abstract

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

File Format
application/pdf
Length
45 pages
Citation Information
Derek Lemoine and Ivan Rudik. "Managing Climate Change Under Uncertainty: Recursive Integrated Assessment at an Inflection Point" (2016)
Available at: http://works.bepress.com/ivan-rudik/7/