Climate Policy under Spatial Heat Transport: Cooperative and Noncooperative Regional Outcomes

• Main Authors: Yongyang Cai, William Brock, Anastasios Xepapadeas, Kenneth Judd
• Format: Report
• Language: unknown
• Subjects: Nash; permafrost
• Online Access: http://arxiv.org/pdf/1909.04009

We build a novel stochastic dynamic regional integrated assessment model (IAM) of the climate and economic system including a number of important climate science elements that are missing in most IAMs. These elements are spatial heat transport from the Equator to the Poles, sea level rise, permafros...