Decomposing Integrated Assessment Climate Change


Böhringer, Christoph ; Löschel, Andreas ; Rutherford, Thomas F.


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URL: http://ub-madoc.bib.uni-mannheim.de/1103
URN: urn:nbn:de:bsz:180-madoc-11030
Document Type: Working paper
Year of publication: 2005
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: C61 D61 D58 C63 ,
Subject headings (SWD): Klima / Umweltpolitik , Emission , Wirtschaft , Klimaänderung
Abstract: We present a decomposition approach for integrated assessment modeling of climate policy based on a linear approximation of the climate system. Our objective is to demonstrate the usefulness of decomposition for integrated assessment models posed in a complementarity format. First, the complementarity formulation cum decomposition permits a precise representation of post-terminal damages thereby substantially reducing the model horizon required to produce an accurate approximation of the infinite-horizon equilibrium. Second, and central to the economic assessment of climate policies, the complementarity approach provides a means of incorporating second-best effects that are not easily represented in an optimization model.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Böhringer, Christoph ; Löschel, Andreas ; Rutherford, Thomas F. (2005) Decomposing Integrated Assessment Climate Change. Open Access [Working paper]
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