Prospects of tools from differential games in the study of macroeconomics of climate change

Jacob Engwerda

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

Abstract

In this chapter we sketch a dynamic framework within which the discussion on the macro economic effects of climate change take place. The problem setting is characterized by scientific uncertainties about the development of climate, potential large economic losses, and specific characteristics of human beings having their specific features. Some considerations about climate change, macroeconomics, and their relationship are given. A characteristic feature of the problem setting is that there are multiple decision makers interacting in a dynamic world with large uncertainties. Problems of this type have been studied extensively by (dynamic) game theory. A rough literature review is provided and some items open for future research are indicated.
Original languageEnglish
Title of host publicationThe Oxford Handbook of the Macroeconomics of Global Warming
EditorsL. Bernard, W. Semmler
Place of PublicationOxford
PublisherOxford University Press
Pages141-170
Number of pages30
ISBN (Print)9780199856978
DOIs
Publication statusPublished - 2015

    Fingerprint

Keywords

  • climate change
  • dynamic games
  • economic growth
  • green energy
  • environmental change
  • macro-economic effects
  • quality of life
  • socio economic factors

Cite this

Engwerda, J. (2015). Prospects of tools from differential games in the study of macroeconomics of climate change. In L. Bernard, & W. Semmler (Eds.), The Oxford Handbook of the Macroeconomics of Global Warming (pp. 141-170). Oxford University Press. https://doi.org/10.1093/oxfordhb/9780199856978.013.0007