The social cost of carbon with economic and climate risks

Y Cai, TS Lontzek - Journal of Political Economy, 2019 - journals.uchicago.edu
Uncertainty about future economic and climate conditions substantially affects the choice of
policies for managing interactions between the climate and the economy. We develop a …

The social cost of stochastic and irreversible climate change

Y Cai, KL Judd, TS Lontzek - 2013 - nber.org
There is great uncertainty about the impact of anthropogenic carbon on future economic
wellbeing. We use DSICE, a DSGE extension of the DICE2007 model of William Nordhaus …

Advances in numerical dynamic programming and new applications

Y Cai, KL Judd - Handbook of computational economics, 2014 - Elsevier
Dynamic programming is the essential tool in dynamic economic analysis. Problems such as
portfolio allocation for individuals and optimal economic growth are typical examples …

DSICE: a dynamic stochastic integrated model of climate and economy

Y Cai, KL Judd, TS Lontzek - 2012 - papers.ssrn.com
This paper introduces a dynamic stochastic integrated model of climate and economy
(DSICE), and a numerical dynamic programming algorithm for its solution. More specifically …

Convex regression: theory, practice, and applications

G Balázs - 2016 - era.library.ualberta.ca
This thesis explores theoretical, computational, and practical aspects of convex (shape-
constrained) regression, providing new excess risk upper bounds, a comparison of convex …

Shape-preserving dynamic programming

Y Cai, KL Judd - Mathematical Methods of Operations Research, 2013 - Springer
Dynamic programming is the essential tool in dynamic economic analysis. Problems such as
portfolio allocation for individuals and optimal growth of national economies are typical …

Solving dynamic programming problems on a computational grid

Y Cai, KL Judd, G Thain, SJ Wright - Computational Economics, 2015 - Springer
We implement a dynamic programming algorithm on a computational grid consisting of
loosely coupled processors, possibly including clusters and individual workstations. The grid …

Stable and efficient computational methods for dynamic programming

Y Cai, KL Judd - Journal of the European Economic Association, 2010 - academic.oup.com
Dynamic programming is the foundation of dynamic economic analysis and often requires
numerical solution methods. Standard methods are either slow or unstable. These …

[HTML][HTML] Complementing emission reduction by solar radiation management might strongly enhance future welfare

KG Helwegen, CE Wieners, JE Frank… - Earth System …, 2019 - esd.copernicus.org
Solar radiation management (SRM) has been proposed as a means to reduce global
warming in spite of high greenhouse-gas concentrations and to lower the chance of …

Continuous-time methods for integrated assessment models

Y Cai, KL Judd, TS Lontzek - 2012 - nber.org
Continuous time is a superior representation of both the economic and climate systems that
Integrated Assessment Models (IAM) aim to study. Moreover, continuous-time …