Can I read The Economics of the Climate on EtoBox?
The Economics of the Climate by Geoffrey Heal is a Economics, Econometrics and Finance article available to read on EtoBox.
What is The Economics of the Climate about?
I review the economic characteristics of the climate problem, focusing on the choice of discount rates in the presence of a stock externality, risk and uncertainty/ambiguity, and the role of integrated assessment models (IAMs) in analyzing policy choices. I suggest that IAMs can play a role in providing qualitative understanding of how complex systems behave, but are not accurate enough to provide quantitative insights. Arguments in favor of action on climate issues have to be based on aversion to risk and ambiguity and the need to avoid a small but positive risk of a disastrous outcome. ( JEL D61, H43, Q48, Q54, Q58)
Who reads The Economics of the Climate?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Geoffrey Heal
- Publisher
- American Economic Association (ISSN 0022-0515)
- Published
- 2017
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)