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Persistent link: https://www.econbiz.de/10014474366
Simulated models suffer intrinsically from validation and comparison problems. The choice of a suitable indicator quantifying the distance between the model and the data is pivotal to model selection. However, how to validate and discriminate between alternative models is still an open problem...
Persistent link: https://www.econbiz.de/10010490842
In this work, we employ an agent-based integrated assessment model to study the likelihood of transition to green, sustainable growth in presence of climate damages. The model comprises heterogeneous fossil-fuel and renewable plants, capital- and consumption-good firms and a climate box linking...
Persistent link: https://www.econbiz.de/10012914069
Though climate physical and transition risks will likely affect socio-economic dynamics along any transition pathways, their unfolding is still poorly understood. This also affects the development of climate-change policies to achieve sustainable growth. In this paper, we discuss a series of...
Persistent link: https://www.econbiz.de/10013489751
Energy efficiency can help facing the climate crises. Yet the energy intensity has decreased more slowly than it is required to achieve climate goals. Based on this premise, we build an agent-based model to study the effects of different policies on energy efficiency. Policies analysed range...
Persistent link: https://www.econbiz.de/10014358830
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We present an updated, stock-flow consistent version of the "Dystopian Schumpeter meeting Keynes" agent-based integrated assessment model. By embedding the model in a fully specified accounting system, all balance sheet items and financial flows can be explicitly and consistently tracked...
Persistent link: https://www.econbiz.de/10014500996
In this work, we employ an agent-based integrated assessment model to study the likelihood of transition to green, sustainable growth in presence of climate damages. The model comprises heterogeneous fossil-fuel and renewable plants, capital- and consumption-good firms and a climate box linking...
Persistent link: https://www.econbiz.de/10011863060
Persistent link: https://www.econbiz.de/10011974096
Persistent link: https://www.econbiz.de/10011644531