Warming the World: Economic Models of Global Warming

By William Nordhaus, Joseph Boyer. 2000

1,542 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Global and Planetary Change

View Paper: https://www.semanticscholar.org/paper/4cb2266d32236ddbfe01e0f597a4e7e3cdf5e409

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Global and Planetary Change

Citations in the corpus

Discounting climate change (2008, background): “It has become customary in the welfare economics of climate change to infer the felicity function from the choices people make as they go about their lives (Cline 1992; Nordhaus 1994, 2007; Nordhaus and Boyer 2000; Stern 2006; Weitzman 2007a, Section 3.4).”
How much damage will climate change do? Recent estimates (2000, background): “Most estimates are in the lower part of that range, and higher estimates only occur through the combination of a high vulnerability with a low discount rate (see Pearce et al., 1996). Plambeck and Hope (1996), Eyre et al.”
Optimal Taxes on Fossil Fuel in General Equilibrium (2011, neutral): “This approach was taken by Nordhaus (2008) and Nordhaus and Boyer (2000), where three reservoirs are specified: (i) the atmosphere, (ii) the biosphere/upper layers of the ocean, and (iii) the deep oceans.”
The expansion of modern agriculture and global biodiversity decline: An integrated assessment (2016, methodology): “In view of the fact that biodiversity loss has an impact on crop yield variability, it is appropriate to interpret the hazard function as a certainty equivalent, similar to the treatment of climate damages in Nordhaus’ work with the DICE integrated assessment model (Nordhaus and Boyer, 2000).”
Declining Discount Rates: The Long and the Short of it (2005, methodology): “This is the profile of damages generated by the DICE model of Nordhaus and Boyer (2000).”
Uncertain climate thresholds and optimal economic growth (2004, methodology): “Economists have typically used simple coupled models of climate–economic systems with smooth relationships among climatic and economic variables [40,55].”
Integrating Ecology and Economics in the Study of Ecosystem Services: Some Lessons Learned (2009, background): “…systems posed by global climate change have led some natural scientists to advocate establishing stricter limits on atmospheric concentrations of greenhouse gases than those implied by most economic analyses (e.g., Nordhaus & Boyer 2000, Tol 2005; but see Stern 2007 for a different view).”
Land-Use Change and Carbon Sinks: Econometric Estimation of the Carbon Sequestration Supply Function (2005, background): “Moreover, analyses of efficient and cost-effective climate change mitigation have found that carbon prices should rise over time to delay the costs of stabilizing or reducing greenhouse gas concentrations [10,25].”
Uncertain Outcomes and Climate Change Policy (2012, methodology): “Given the distributions f(∆T ) and g(γ) for ∆T and γ respectively, denote by Mτ (t) and 15The IAMs surveyed by the IPCC include Hope (2006), Mendelsohn et al (1998), Nordhaus and Boyer (2000), and Tol (2002).”
Climate Impacts on Economic Growth as Drivers of Uncertainty in the Social Cost of Carbon (2014, positive): “The loss estimate of 1.8% is drawn from a meta-analysis of published climate impacts studies (Nordhaus, 2007, 2008; Nordhaus and Boyer, 2000).”
Global Warming, Endogenous Risk, and Irreversibility (2002, methodology): “Our numerical model mostly follows the analytical model described in section 2. It does, however, differ in a few respects to allow us to draw on the functional forms and parameter values given in the most recent version of the well known and widely used DICE model ( Nordhaus and Boyer 2000 ).”
Climate variability, economic growth, and civil conflict (2012, background): “…changes affect economic output (GDP), for example by reducing agricultural yields when temperature rises (precipitation falls) (e.g. Mendelsohn et al., 1998; Mendelsohn, Dinar & Williams, 2006; Nordhaus & Boyer, 2000; Tol, 2002; Deschenes & Greenstone, 2007; Barrios, Bertinelli & Strobl, 2010).”
Developing a Social Cost of Carbon for US Regulatory Analysis: A Methodology and Interpretation (2013, background): “Portney and Weyant (1999) and Heal (2009) also discuss the challenges of intergenerational discounting.”
What is Smart Rural Development (2015, neutral): “, 2009), and climate change mitigation (Nordhaus and Boyer, 2000).”
The social cost of atmospheric release (2015, methodology): “The calculations presented here use the damage function of the DICE model [Nordhaus and Boyer, 2000], which has damages proportional to the square of the temperature change and equal to 1.”