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dc.contributor.authorAlberth, Stephan
dc.contributor.authorHope, Chris
dc.date.accessioned2006-04-19T11:18:00Z
dc.date.available2006-04-19T11:18:00Z
dc.date.issued2006-04
dc.identifier.otherCWPE0632
dc.identifier.urihttp://www.dspace.cam.ac.uk/handle/1810/137383
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/137383
dc.description.abstractPresented research demonstrates the inclusion of endogenous technical change into the PAGE2002 integrated assessment model of climate change. The ‘experience curve’ or learning-by-doing concept, made popular by the Boston Consulting Group during the 1960’s provides a mechanism with which to describe cost reduction through experiential learning. The implementation of learning requires both a restructuring of the way costs are modelled as well as the inclusion of an explicit learning function with initial abatement costs and learning coefficients calibrated to historical renewable energy data. The discounted values for total abatement costs are calculated for both the standard PAGE2002 model without an explicit learning function and the modified PAGE2002 model. The results were found to be of a similar magnitude, partially due to the myopic effects of discounting, though the result was found to be highly sensitive to the learning rate used, which in our case was a conservative estimate.en
dc.format.extent185454 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen
dc.publisherFaculty of Economics
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.rightsAll Rights Reserveden
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/en
dc.subjectendogenous technical changeen
dc.subjectlearning curvesen
dc.subjectclimate changeen
dc.titleDeveloping the PAGE2002 Model with Endogenous Technical Changeen
dc.typeWorking Paperen
dc.identifier.doi10.17863/CAM.5150


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