National Science Foundation

An Example of the “Tyranny of the Top Five”

5 Comments / Computational Economics, Decisionmaking Under Uncertainty, Economics and Climate Change, Journal of Political Economy, Journals, RDCEP /

In December, 2019, JPE published “The Social Cost of Carbon with Economic and Climate Risks”, a paper I wrote with Yongyang Cai and Thomas Lontzek. I am not listed as an author but the first footnote states that I was a co-author. The history behind that fact is an example of the “tyranny of the […]

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DSICE: Dynamic Stochastic Integration of Climate and Economy

Leave a Comment / Computational Economics, Decisionmaking Under Uncertainty, Economics and Climate Change, National Science Foundation, RDCEP, The state of economics /

I started working on climate change policy modeling in 2008, and it has been a major focus of my efforts since then. In 2010, Yongyang Cai, Thomas Lontzek and I created the DSICE model, extending Nordhaus’ DICE to include productivity shocks as well as stochastic elements of the climate system. While we had earlier published

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