All pages with keywords: DICE models

The climate beta

The climate beta

a working paper by Simon Dietz, Louise Kessler, Christian Gollier 28 June, 2016

This paper examines the question of whether fighting climate change has the additional advantage of reducing the aggregate risk borne by future generations. This raises the question of the ‘climate beta’, i.e. the elasticity of climate damages with respect to a change in aggregate consumption. read more »