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 …
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 …
This paper introduces a dynamic stochastic integrated model of climate and economy (DSICE), and a numerical dynamic programming algorithm for its solution. More specifically …
This thesis explores theoretical, computational, and practical aspects of convex (shape- constrained) regression, providing new excess risk upper bounds, a comparison of convex …
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 …
We implement a dynamic programming algorithm on a computational grid consisting of loosely coupled processors, possibly including clusters and individual workstations. The grid …
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 …
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 is a superior representation of both the economic and climate systems that Integrated Assessment Models (IAM) aim to study. Moreover, continuous-time …