Warming the World: Economic Models of Global Warming

Warming the World: Economic Models of Global Warming

by William D. Nordhaus, Joseph Boyer
     
 

This book presents in detail a pair of models of the economics of climate change. The models, called RICE-99 (for the Regional Dynamic Integrated model of Climate and the Economy) andDICE-99 (for the Dynamic Integrated Model of Climate and the Economy) build on the authors' earlier work, particularly their RICE and DICE models of the early 1990s.See more details below

Overview

This book presents in detail a pair of models of the economics of climate change. The models, called RICE-99 (for the Regional Dynamic Integrated model of Climate and the Economy) andDICE-99 (for the Dynamic Integrated Model of Climate and the Economy) build on the authors' earlier work, particularly their RICE and DICE models of the early 1990s.

Product Details

ISBN-13:
9780262640541
Publisher:
MIT Press
Publication date:
09/01/2003
Edition description:
New Edition
Pages:
244
Product dimensions:
5.75(w) x 8.75(h) x 0.60(d)
Age Range:
18 Years

Table of Contents

List of Tables
List of Figures
Preface
I Developing the RICE and DICE Models
1 Introduction
2 The Structure and Derivation of RICE-99
Overview of Approach
Model Description
Derivation of the Equations of RICE-99
Equilibrium in the Market for Carbon-Energy
Policy in RICE-99
3 Calibration of the Major Sectors
Regional Specification
Calibration of Production Function
Exogenous Trend Parameters
Carbon Supply
The Carbon Cycle and Other Radiative Forcings
The Climate Module
4 The Impacts of Climate Change
Early Impact Studies
The Present Approach
Discussion of Individual Sectors
Impact Indices as Functions of Temperature
Calibration of the RICE-99 Damage Function
Major Results and Conclusions
5 The DICE-99 Model
Model Structure
Calibration
6 Computational Procedures
Computer Programs for RICE and DICE
Solution Approach in EXCEL--RICE-99
Solution Approach in GAMS--RICE-99
DICE
GAMS versus EXCEL
II Policy Applications of the RICE Model
7 Efficient Climate-Change Policies
Alternative Approaches to Climate-Change Policy
Detailed Description of Different Policies
Major Results
8 Economic Analysis of the Kyoto Protocol
Climate-Change Policy and the Kyoto Protocol
Economic Analysis of the Kyoto Protocol
Major Results
Findings and Conclusions
9 Managing the Global Commons
Background
Summary of the Model and Analysis
Major Results
Analysis of the Kyoto Protocol
Concluding Thoughts
Appendix A: Equations of RICE-99 Model
Appendix B: Equations of DICE-99 Model
Appendix C: Variable List
Appendix D: GAMS Code for RICE-99, Base Case andOptimal Case
Appendix E: GAMS Code for DICE-99
References
Index

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