Global Warming Economics

By William Nordhaus. Science, 2001

150 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/06839e61f748390c8b9b704782df837577db2603

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In Economics and Econometrics

Citations in the corpus

All models are wrong: reflections on becoming a systems scientist† (2002, methodology): “Professor Nordhaus later developed the DICE model into RICE, the Regional Integrated Climate Economy model (Nordhaus and Boyer 2000, Nordhaus 2001 8 ).”
The Revolution in Welfare Economics and Its Implications for Environmental Valuation and Policy (2004, background): “Only total output counts.9 For example, Nordhaus’ (1992, 2001) models of global climate change use an objective utility function of the form: max c(t) T t 1 U[c(t), P(t)](1 ) t [1] In his estimates of [1], Nordhaus uses a Bernoullian utility function where total utility (social welfare) is equal to…”
Carbon Capture and Storage From Fossil Fuels and Biomass – Costs and Potential Role in Stabilizing the Atmosphere (2006, background): “…absence of US participation, there is a theoretical risk that the cost will drop to very low levels or even zero because of the “hot air” in the former Soviet Union (FSU), at least under the assumption that the Kyoto–Marrakech system will operate like an entirely free market (see Nordhaus, 2001).”
Thirteen plus one: a comparison of global climate policy architectures (2003, methodology): “This further undermines dynamic efficiency, although analyses of the Kyoto agreement with US participation show that this policy’s global emissions path would be severely sub-optimal (Nordhaus, 2001).”
A Review of the Stern Review on the Economics of Climate Change (2007, methodology): “…the discounted sum of population-weighted utilities of per 18 Results and documentation of the DICE model are provided in William Nordhaus (1992), Nordhaus (1994), Nordhaus and Zili Yang (1996), Nordhaus and Joseph Boyer (2000), Nordhaus (2001), and DICE model web site (2007). capita consumption.”
The economics (or lack thereof) of aerosol geoengineering (2009, background): “Among all geoengineering strategies, injecting aerosol precursors into the stratosphere to increase Earth’s albedo is evaluated as one of the cheapest and most efficient in reducing global temperatures (Nordhaus 2001; Wigley 2006; Shepherd et al. 2009).”