Tipping Points and Ambiguity in the Economics of Climate Change
Tipping Points and Ambiguity in the Economics of Climate Change
复制标题
气候变化经济学的临界点和模糊性
DOI:
10.3386/w18230
复制
发表时间:
2011
期刊:
影响因子:
--
通讯作者:
Christian P. Traeger
中科院分区:
文献类型:
--
作者:
D. Lemoine;Christian P. Traeger
We model optimal policy when the probability of a tipping point, the welfare change due to a tipping point, and knowledge about a tipping point's trigger all depend on the policy path. Analytic results demonstrate how optimal policy depends on the ability to affect both the probability of a tipping point and also welfare in a post-threshold world. Simulations with a numerical climate-economy model show that possible tipping points in the climate system increase the optimal near-term carbon tax by up to 45% in base case speciffcations. The resulting policy paths lower peak warming by up to 0.5 C compared to a model without possible tipping points. Different types of tipping points have qualitatively different effects on policy, demonstrating the importance of explicitly modeling tipping points' effects on system dynamics. Aversion to ambiguity in the threshold's distribution can amplify or dampen the effect of tipping points on optimal policy, but in our numerical model, ambiguity aversionincreases the optimal carbon tax.
影响因子:
1
作者:
SCHELLING, TC
通讯作者:
SCHELLING, TC
影响因子:
56.9
作者:
Le Quere, Corinne;Roedenbeck, Christian;Heimann, Martin
通讯作者:
Heimann, Martin