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DICE Simplified
Abstract We analyze Nordhaus’ DICE model and show that the temperature and $ CO_{2} $ equations are needlessly complicated and can be simplified without loss of essence. In addition, we argue that the damage function can be altered in such a way that it lends itself to experiments involving extreme risk. We conclude that, within the philosophy of the DICE model, significant simplifications can be made which make the model more transparent, more robust, and easier to apply.
DICE Simplified
Abstract We analyze Nordhaus’ DICE model and show that the temperature and $ CO_{2} $ equations are needlessly complicated and can be simplified without loss of essence. In addition, we argue that the damage function can be altered in such a way that it lends itself to experiments involving extreme risk. We conclude that, within the philosophy of the DICE model, significant simplifications can be made which make the model more transparent, more robust, and easier to apply.
DICE Simplified
Ikefuji, Masako (author) / Laeven, Roger J. A. (author) / Magnus, Jan R. (author) / Muris, Chris (author)
2020
Article (Journal)
Electronic Resource
English
BKL:
43.00
Umweltforschung, Umweltschutz: Allgemeines
/
43.00$jUmweltforschung$jUmweltschutz: Allgemeines
Springer Verlag | 2021
|Taylor & Francis Verlag | 2019
|Dice thrown : Exhibited ... 1988
TIBKAT | 1989
|