Model confirmation in climate economics.

@article{Millner2016ModelCI,
  title={Model confirmation in climate economics.},
  author={Antony Millner and T K J McDermott},
  journal={Proceedings of the National Academy of Sciences of the United States of America},
  year={2016},
  volume={113 31},
  pages={
          8675-80
        }
}
Benefit-cost integrated assessment models (BC-IAMs) inform climate policy debates by quantifying the trade-offs between alternative greenhouse gas abatement options. They achieve this by coupling simplified models of the climate system to models of the global economy and the costs and benefits of climate policy. Although these models have provided valuable qualitative insights into the sensitivity of policy trade-offs to different ethical and empirical assumptions, they are increasingly being… CONTINUE READING
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