Complexity and the Economics of Climate Change: A Survey and a Look Forward

Medientyp: E-Book

Titel: Complexity and the Economics of Climate Change : A Survey and a Look Forward

Beteiligte: Balint, T. [VerfasserIn]; Lamperti, Francesco [Sonstige Person, Familie und Körperschaft]; Mandel, Antoine [VerfasserIn]; Napoletano, Mauro [Sonstige Person, Familie und Körperschaft]; Roventini, Andrea [Sonstige Person, Familie und Körperschaft]; Sapio, Alessandro [Sonstige Person, Familie und Körperschaft]

Erschienen: [S.l.]: SSRN, [2016]

Umfang: 1 Online-Ressource (36 p)

Sprache: Englisch

DOI: 10.2139/ssrn.2807571

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Anmerkungen: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 08, 2016 erstellt

Beschreibung: We provide a survey of the micro and macroeconomics of climate change from a complexity science perspective and we discuss the challenges ahead for this line of research. We identify four areas of the literature where complex system models have already produced valuable insights: (i) coalition formation and climate negotiations, (ii) macroeconomic impacts of climate-related events, (iii) energy markets and (iv) diffusion of climate-friendly technologies. On each of these issues, accounting for heterogeneity, interactions and disequilibrium dynamics provides a complementary and novel perspective to one of standard equilibrium models. Furthermore, it highlights the potential economic benefits of mitigation and adaptation policies and the risk of under-estimating systemic climate change-related risks

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