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Multiple equilibria in a stochastic implementation of DICE with abrupt climate change

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  • Lempert, Robert J.
  • Sanstad, Alan H.
  • Schlesinger, Michael E.

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  • Lempert, Robert J. & Sanstad, Alan H. & Schlesinger, Michael E., 2006. "Multiple equilibria in a stochastic implementation of DICE with abrupt climate change," Energy Economics, Elsevier, vol. 28(5-6), pages 677-689, November.
    • Handle: RePEc:eee:eneeco:v:28:y:2006:i:5-6:p:677-689
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    1. Nordhaus, William D, 1991. "To Slow or Not to Slow: The Economics of the Greenhouse Effect," Economic Journal, Royal Economic Society, vol. 101(407), pages 920-937, July.
    2. Thomas F. Stocker & Andreas Schmittner, 1997. "Influence of CO2 emission rates on the stability of the thermohaline circulation," Nature, Nature, vol. 388(6645), pages 862-865, August.
    3. Klaus Keller & Kelvin Tan & Francois M.M. Morel & David F. Bradford, 1999. "Preserving the Ocean Circulation: Implications for Climate Policy," CESifo Working Paper Series 199, CESifo.
    4. Keller, Klaus & Bolker, Benjamin M. & Bradford, D.F.David F., 2004. "Uncertain climate thresholds and optimal economic growth," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 723-741, July.
    5. Stefan Rahmstorf, 1999. "Shifting seas in the greenhouse?," Nature, Nature, vol. 399(6736), pages 523-524, June.
    6. Keeler, Emmett & Spence, Michael & Zeckhauser, Richard, 1972. "The optimal control of pollution," Journal of Economic Theory, Elsevier, vol. 4(1), pages 19-34, February.
    7. Stokey, Nancy L, 1998. "Are There Limits to Growth?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(1), pages 1-31, February.
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    Cited by:

    1. William Brock & Gustav Engstrom & Anastasios Xepapadeas, 2012. "Energy Balance Climate Models, Damage Reservoirs and the Time Profile of Climate Change Policy," Working Papers 2012.20, Fondazione Eni Enrico Mattei.
    2. Baptiste Perrissin Fabert & Etienne Espagne & Antonin Pottier & Patrice Dumas, 2012. "The “Doomsday” Effect in Climate Policies. Why is the Present Decade so Crucial to Tackling the Climate Challenge?," Working Papers 2012.62, Fondazione Eni Enrico Mattei.
    3. Mariia Belaia & Michael Funke & Nicole Glanemann, 2017. "Global Warming and a Potential Tipping Point in the Atlantic Thermohaline Circulation: The Role of Risk Aversion," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(1), pages 93-125, May.
    4. Cabrales, Antonio & Hauk, Esther, 2024. "Norms and the evolution of leaders' followership," Games and Economic Behavior, Elsevier, vol. 148(C), pages 138-161.
    5. David McInerney & Robert Lempert & Klaus Keller, 2012. "What are robust strategies in the face of uncertain climate threshold responses?," Climatic Change, Springer, vol. 112(3), pages 547-568, June.
    6. Robert J. Lempert & Myles T. Collins, 2007. "Managing the Risk of Uncertain Threshold Responses: Comparison of Robust, Optimum, and Precautionary Approaches," Risk Analysis, John Wiley & Sons, vol. 27(4), pages 1009-1026, August.
    7. Lontzek, Thomas S. & Narita, Daiju, 2009. "The effect of uncertainty on decision making about climate change mitigation: a numerical approach of stochastic control," Kiel Working Papers 1539, Kiel Institute for the World Economy (IfW Kiel).

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