Before I went into summer mode, I finished William Nordhaus’s book A Question of Balance (read short excerpt). The book’s subtitle is Weighing the Options on Global Warming Policies. The book is somewhere inbetween a popular account of the economics of climate change and a technical report on Nordhaus’s (and his team of research assistants’s, one might add) analysis of different approaches to mitigate global warming. A lot of details are saved for the actual technical reports available online. (Note: Details have been updated since the book was published ). Nordhaus still goes through and explains the main equations of the famous DICE model (Dynamic Integrated model of Climate and the Economy), such that most economists could use his online computer code to verify results and further play around with the model.
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