Books  Environmental Science  Climate & Climate Change 

Managing the Global Commons

By: WD Nordhus

232 pages, 37 illus

MIT Press

Hardback | Dec 1994 | #38704 | ISBN: 0262140551
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NHBS Price: £28.95 $36/€34 approx

About this book

Provides a detailed analysis of the DICE model (Dynamic Integrated model of Climate and the Economy), as well as an extensive analysis of the model's result. It is hoped it will serve as a useful tool for estimating the costs and benefits of different paths for slowing climate change and for analyzing the impact of control strategies over time.


Part 1 Modelling the economics of climate change: the structure and derivation of the DICE model; macrogeophysics - derivation oof the climate and carbon-cycle equations; geoeconomics - energy, emissions and the economic impact of climate change. Part 2 Model results: analysis of policies to slow global warming. Part 3 Risk and uncertainty in policy toward climate change: sensitivity analysis of the DICE model; formal sensitivity analysis - estimation of uncertainty in climate change; decision analysis and the value of information.

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William D. Nordhaus is Sterling Professor of Economics at Yale University.

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