Scandinavian Working Papers in Economics

CERE Working Papers,
CERE - the Center for Environmental and Resource Economics

No 2014:3: Calibration of the AD-RICE 2012 model

Kelly de Bruin ()
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Kelly de Bruin: CERE, Postal: Department of Economics, Umeå University, 901 87 Umeå

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.

Keywords: ad-rice

JEL-codes: Q54

18 pages, April 28, 2015

Note: Updated from version published in April 2014.

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