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Calibration of the AD-RICE 2012 model

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Abstract

The AD-RICE2012 model is an updated version of the AD-RICE99 (Nordhaus and Boyer 2001) model, where the AD_RICE99 model is based on the RICE99 model and the AD-RICE2012 on the RICE2010 (Nordhaus 2010) model. In this document, we will describe the calibration of the AD-RICE2012 model and compare it with the AD-RICE99 model.

Suggested Citation

  • de Bruin, Kelly, 2015. "Calibration of the AD-RICE 2012 model," CERE Working Papers 2014:3, CERE - the Center for Environmental and Resource Economics.
  • Handle: RePEc:hhs:slucer:2014_003
    Note: Updated from version published in April 2014.
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    Keywords

    ad-rice;

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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