Traeger, Christian - In: Environmental & Resource Economics 59 (2014) 1, pp. 1-37
We introduce a version of the DICE-2007 model designed for uncertainty analysis. DICE is a wide-spread deterministic … integrated assessment model of climate change. Climate change, long-term economic development, and their interactions are highly …-reduced, recursive dynamic programming implementation of the DICE-2007 model. We achieve the reduction by simplifying the carbon cycle …