@techreport{Bohringer2005Decomposing,
abstract = {We present a decomposition approach for integrated assessment modeling of climate policy
based on a linear approximation of the climate system. Our objective is to demonstrate
the usefulness of decomposition for integrated assessment models posed in a complementarity
format. First, the complementarity formulation cum decomposition permits a precise
representation of post-terminal damages thereby substantially reducing the model horizon
required to produce an accurate approximation of the infinite-horizon equilibrium. Second,
and central to the economic assessment of climate policies, the complementarity approach
provides a means of incorporating second-best effects that are not easily represented in an
optimization model.},
address = {Mannheim},
author = {Christoph B\"{o}hringer and Andreas L\"{o}schel and Thomas F. Rutherford},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D61; D58; C63; C61; 330; integrated assessment; decomposition; terminal constraints; optimal taxation; Klimaschutz; Optimale Besteuerung; Wirtschaftspolitische Wirkungsanalyse; Wohlfahrtseffekt; Dekompositionsverfahren; Theorie},
language = {eng},
number = {05-07},
publisher = {Zentrum f\"{u}r Europ\"{a}ische Wirtschaftsforschung (ZEW)},
title = {Decomposing Integrated Assessment Climate Change},
type = {ZEW Discussion Papers},
url = {http://hdl.handle.net/10419/24153},
year = {2005}
}
