IDEAS home Printed from https://ideas.repec.org/a/wsi/ccexxx/v11y2020i04ns2010007820400072.html
   My bibliography  Save this article

Climate Change And Externality

Author

Listed:
  • ZILI YANG

    (Department of Economics, Binghamton University, State University of New York, 4400 Vestal Parkway East, Binghamton, NY 13902, USA)

Abstract

Climate change is an externality phenomenon. The DICE/RICE models are IAMs that treat climate change as an externality explicitly. Such a feature of DICE/RICE is recognized by the Nobel Committee and is one of the primary reasons for its influence. This paper argues the essentiality of incorporating external effects of climate change in our understanding of climate change from a socio-economic perspective; points out the biases of missing the externality elements in climate change economics; outlining the crucial role of externality in IAM modeling.

Suggested Citation

  • Zili Yang, 2020. "Climate Change And Externality," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 11(04), pages 1-9, November.
    • Handle: RePEc:wsi:ccexxx:v:11:y:2020:i:04:n:s2010007820400072
    DOI: 10.1142/S2010007820400072
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S2010007820400072
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S2010007820400072?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:ccexxx:v:11:y:2020:i:04:n:s2010007820400072. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/cce/cce.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.