Show simple item record

dc.contributor.authorPindyck, Robert S.
dc.contributor.authorPindyck, Robert S
dc.date.accessioned2019-03-01T16:07:38Z
dc.date.available2019-03-01T16:07:38Z
dc.date.issued2017-03
dc.identifier.issn1750-6816
dc.identifier.issn1750-6824
dc.identifier.urihttp://hdl.handle.net/1721.1/120585
dc.description.abstractIn recent articles I have argued that integrated assessment models (IAMs) have flaws that make them close to useless as tools for policy analysis. IAM-based analyses of climate policy create a perception of knowledge and precision that is illusory and can fool policymakers into thinking that the forecasts the models generate have some kind of scientific legitimacy. However, some economists and climate scientists have claimed that we need to use some kind of model for policy analysis and that IAMs can be structured and used in ways that correct for their shortcomings. For example, it has been argued that although we know very little about key relationships in the model, we can get around this problem by attaching probability distributions to various parameters and then simulating the model using Monte Carlo methods. I argue that this would buy us nothing and that a simpler and more transparent approach to the design of climate change policy is preferable. I briefly outline what such an approach would look like. Keywords: Q54; D81; Q51en_US
dc.publisherOxford University Press (OUP)en_US
dc.relation.isversionofhttp://dx.doi.org/10.1093/REEP/REW012en_US
dc.rightsCreative Commons Attribution-Noncommercial-Share Alikeen_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0/en_US
dc.sourceOther repositoryen_US
dc.titleThe Use and Misuse of Models for Climate Policyen_US
dc.typeArticleen_US
dc.identifier.citationPindyck, Robert S. “The Use and Misuse of Models for Climate Policy.” Review of Environmental Economics and Policy 11, 1 (2017): 100–114 © 2017 The Authoren_US
dc.contributor.departmentSloan School of Managementen_US
dc.contributor.mitauthorPindyck, Robert S
dc.relation.journalReview of Environmental Economics and Policyen_US
dc.eprint.versionOriginal manuscripten_US
dc.type.urihttp://purl.org/eprint/type/JournalArticleen_US
eprint.statushttp://purl.org/eprint/status/NonPeerRevieweden_US
dc.date.updated2019-02-27T17:35:33Z
dspace.orderedauthorsPindyck, Robert S.en_US
dspace.embargo.termsNen_US
dc.identifier.orcidhttps://orcid.org/0000-0001-8296-9875
mit.licenseOPEN_ACCESS_POLICYen_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record