SOCIAL COST
; TURNPIKE
; UNCERTAINTY
; DAMAGE
; STABILIZATION
; DISSIPATIVITY
; TEMPERATURE
; MITIGATION
; IMPACTS
; FINITE
WOS学科分类:
Automation & Control Systems
WOS研究方向:
Automation & Control Systems
英文摘要:
For his work in the economics of climate change, Professor William Nordhaus was a co-recipient of the 2018 Nobel Memorial Prize for Economic Sciences. A core component of the work undertaken by Nordhaus is the Dynamic Integrated model of Climate and Economy, known as the DICE model. The DICE model is a discrete-time model with two control inputs and is primarily used in conjunction with a particular optimal control problem in order to estimate optimal pathways for reducing greenhouse gas emissions. In this paper, we provide a tutorial introduction to the DICE model and we indicate challenges and open problems of potential interest for the systems and control community. (C) 2019 Elsevier Ltd. All rights reserved.
1.Univ Newcastle, Sch Elect Engn & Comp, Callaghan, NSW 2308, Australia 2.Karlsruhe Inst Technol, Inst Automat & Appl Informat, D-76344 Eggenstein Leopoldshafen, Germany 3.Univ Bayreuth, Math Inst, D-95440 Bayreuth, Germany 4.New Sch Social Res, New York, NY 10011 USA 5.Univ Bielefeld, Bielefeld, Germany 6.Int Inst Appl Syst Anal, Laxenburg, Austria
Recommended Citation:
Kellett, Christopher M.,Weller, Steven R.,Faulwasser, Timm,et al. Feedback, dynamics, and optimal control in climate economics[J]. ANNUAL REVIEWS IN CONTROL,2019-01-01,47:7-20