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of 104
pro vyhledávání: '"Cai, Yongyang"'
We build a dynamic multi-region model of climate and economy with emission permit trading among 12 aggregated regions in the world. We solve for the dynamic Nash equilibrium under noncooperation, wherein each region adheres to the emission cap constr
Externí odkaz:
http://arxiv.org/abs/2312.15563
Autor:
Steinbuks, Jevgenijs1 (AUTHOR) jsteinbuks@worldbank.org, Cai, Yongyang2 (AUTHOR), Jaegermeyr, Jonas3,4,5 (AUTHOR), Hertel, Thomas W.6 (AUTHOR)
Publikováno v:
Geoscientific Model Development. 2024, Vol. 17 Issue 12, p4791-4819. 29p.
We apply numerical dynamic programming techniques to solve discrete-time multi-asset dynamic portfolio optimization problems with proportional transaction costs and shorting/borrowing constraints. Examples include problems with multiple assets, and m
Externí odkaz:
http://arxiv.org/abs/2003.01809
Autor:
Cai, Yongyang
Integrated Assessment Models (IAMs) of the climate and economy aim to analyze the impact and efficacy of policies that aim to control climate change, such as carbon taxes and subsidies. A major characteristic of IAMs is that their geophysical sector
Externí odkaz:
http://arxiv.org/abs/2003.01615
We build a novel stochastic dynamic regional integrated assessment model (IAM) of the climate and economic system including a number of important climate science elements that are missing in most IAMs. These elements are spatial heat transport from t
Externí odkaz:
http://arxiv.org/abs/1909.04009
Akademický článek
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Publikováno v:
Journal of the Association of Environmental & Resource Economists. May2023, Vol. 10 Issue 3, p569-605. 37p.
Autor:
Cai, Yongyang1 (AUTHOR) cai.619@osu.edu, Judd, Kenneth L.2 (AUTHOR) kennethjudd@mac.com
Publikováno v:
Quantitative Economics. May2023, Vol. 14 Issue 2, p651-687. 37p.
There is great uncertainty about future climate conditions and the appropriate policies for managing interactions between the climate and the economy. We develop a multidimensional computational model to examine how uncertainties and risks in the eco
Externí odkaz:
http://arxiv.org/abs/1504.06909
Publikováno v:
In Journal of Environmental Economics and Management March 2020 100