Feedback, dynamics, and optimal control in climate economics

@article{Kellett2019FeedbackDA,
  title={Feedback, dynamics, and optimal control in climate economics},
  author={Christopher M. Kellett and Steven S. R. Weller and Timm Faulwasser and Lars Gr{\"u}ne and Willi Semmler},
  journal={Annu. Rev. Control.},
  year={2019},
  volume={47},
  pages={7-20}
}
  • Christopher M. Kellett, Steven S. R. Weller, +2 authors Willi Semmler
  • Published 2019
  • Mathematics, Computer Science, Engineering
  • Annu. Rev. Control.
  • Abstract For his work in the economics of climate change, Professor William Nordhaus was a co-recipient of the 2018 Nobel Memorial Prize for Economic Sciences. A core component of the work undertaken by Nordhaus is the Dynamic Integrated model of Climate and Economy, known as the DICE model. The DICE model is a discrete-time model with two control inputs and is primarily used in conjunction with a particular optimal control problem in order to estimate optimal pathways for reducing greenhouse… CONTINUE READING

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