“A Regional Dynamic General-Equilibrium Model of Alternative Climate-Change Strategies” (2016), by William D. Nordhaus et al. Economics research paper. Original abstract below, unchanged. No free PDF was found.
A Regional Dynamic General-Equilibrium Model of Alternative Climate-Change Strategies
William D. Nordhaus, Zili Yang · January 1, 2016 · Economics
Abstract
Most analyses treat global warning as a single-agent problem. The present study presents the Regional Integrated model of Climate and the Economy (RICE) model. By disaggregating into countries, the model analyzes different national strategies in climate-change policy: pure market solutions, efficient cooperative outcomes, and noncooperative equilibria. This study finds that cooperative policies show much higher levels of emissions reductions than do noncooperative strategies; that there are substantial differences in the levels of controls in both the cooperative and the noncooperative policies among different countries; and that high-income countries may be the major losers from cooperation. Copyright 1996 by American Economic Association.
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