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Provides a detailed analysis of the DICE model (Dynamic Integrated model of Climate and the Economy) as well as an extensive analysis of the model's results.
Coping with the challenges of global warming is a daunting task for both scientists and economists, who must understand future changes, and for policy makers, who must ultimately choose policies to balance risks and costs. Managing the Global Commons presents a unique effort to encompass economic, scientific, and policy aspects of this great geophysical experiment. Managing the Global Commons provides a detailed analysis of the DICE model (Dynamic Integrated model of Climate and the Economy) as well as an extensive analysis of the model's results. DICE is the first dynamic model to include a closed-loop system that includes emissions, concentrations, climate change, damages, and emissions controls. The model is useful for estimating the costs and benefits of different paths for slowing climate change and for analyzing the impact of control strategies over time. The analysis contains a number of methodological advances and major findings - most importantly the construction of a small model to encompass the primary components of the climate and economic system within an optimization framework. Also included are new techniques and results concerning the role of uncertainty and the "risk premium" involved in policies to slow global warming. In addition, the analysis derives a set of uncertain representative scenarios that summarize the large number of potential outcomes into a manageable number to be used within an optimization framework and incorporated into a contingent-commodity framework. Nordhaus examines several different approaches to climate-change policy: no controls, economic optimization, geoengineering, stabilization of emissions and climate, and a ten-year delay in undertaking climate-change policies. Among these, there is a modest advantage of an efficient policy over no controls or a ten-year delay, while the three stabilization options would impose significant net costs. Overall, Nordhaus observes, the analysis reveals that even with major technological breakthroughs and stringent controls, the momentum of past greenhouse gas emissions coupled with great inertia in climate change policy will lead to an inevitable rendezvous with massive climate change.
About the Author: William D. Nordhaus is Sterling Professor of Economics at Yale University.
Titolo: Managing the Global Commons - The Economics ...
Casa editrice: MIT Press
Data di pubblicazione: 1994
Condizione libro: New
Descrizione libro The MIT Press, 1994. Condizione libro: Good. Ships from Reno, NV. Former Library book. Shows some signs of wear, and may have some markings on the inside. Codice libro della libreria GRP88791024
Descrizione libro The MIT Press, 1994. Condizione libro: Very Good. Former Library book. Great condition for a used book! Minimal wear. Codice libro della libreria GRP95385801
Descrizione libro The MIT Press, 1994. Condizione libro: Good. A+ Customer service! Satisfaction Guaranteed! Book is in Used-Good condition. Pages and cover are clean and intact. Used items may not include supplementary materials such as CDs or access codes. May show signs of minor shelf wear and contain limited notes and highlighting. Codice libro della libreria 0262140551-2-4
Descrizione libro Hardcover. Condizione libro: Acceptable. The cover may have some normal wear. The text has no notes or markings. This item is listed as Acceptable because it is missing a dust jacket. We ship daily Monday - Friday!. Codice libro della libreria 1EY7ZG003NN9
Descrizione libro The MIT Press, 1994. Hardcover. Condizione libro: Used: Good. Codice libro della libreria SONG0262140551
Descrizione libro The MIT Press, 1994. Hardcover. Condizione libro: Used: Good. Codice libro della libreria 14478037
Descrizione libro The MIT Press 1994-10-04, 1994. Hardcover. Condizione libro: good. 1st. 0262140551. Codice libro della libreria 549968
Descrizione libro Condizione libro: D'occasion - Très bon état. The Mit Press, 1994. In-8° cartonné, sous toile verte, sans jaquette, 213p. Couverture propre. Dos solide. Intérieur frais sans soulignage ou annotation. Exemplaire de bibliothèque : petit code barre en pied de 1re de couv., cotation au dos, rares et discrets petits tampons à l'intérieur de l'ouvrage. Très bon état général pour cet ouvrage [BA17+]. Codice libro della libreria CM-T5N5-87ST
Descrizione libro The MIT Press, 1994. Hardcover. Condizione libro: Very Good. Great condition with minimal wear, aging, or shelf wear. Codice libro della libreria P020262140551
Descrizione libro MIT Press. Condizione libro: New. Brand New. Codice libro della libreria 0262140551