Complexity and the economics of climate change: A survey and a look forward

Arbeitspapier

We provide a survey of the micro and macro economics of climate change from a complexity science perspective and we discuss the challenges ahead for this line of research. We identify four areas of the literature where complex system models have already produced valuable insights: (i) coalition formation and climate negotiations, (ii) macroeconomic impacts of climate-related events, (iii) energy markets and (iv) diffusion of climate-friendly technologies. On each of these issues, accounting for heterogeneity, interactions and disequilibrium dynamics provides a complementary and novel perspective to the one of standard equilibrium models. Furthermore, it highlights the potential economic benefits of mitigation and adaptation policies and the risk of under-estimating systemic climate change-related risks.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: LEM Working Paper Series ; No. 2016/29

Classification and Topics

• Classification: Wirtschaft ; Intellectual Property and Intellectual Capital ; Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance ; Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products ; Industrialization; Manufacturing and Service Industries; Choice of Technology
• Subject: climate change ; climate policy ; climate economics ; complex systems ; agent-based models ; socio-economic networks

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Balint, Tomas ; Mandel, Antoine ; Napoletano, Mauro ; Roventini, Andrea ; Sapio, Alessandro
• Event: Veröffentlichung
• (who): Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)
• (where): Pisa
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/174538
• Last update: 10.03.2025, 11:43 AM CET