Climate-economy model scenario runs and sensitivity analysis using DICE-2016

This paper assesses the prospects for climate stabilization from both positive and normative economic perspectives, and with an eye to the conditions necessary for collective action across the three domains: domestic, international, and intergenerational. While it is well-established that international freeriding and transaction costs pose major impediments to successful environmental agreements, this analysis identifies the intergenerational domain as the source of  intractability due to long delays between enduring mitigation costs and enjoying their eventual climate benefits. This lag causes the net benefits for median-aged voters’ to be negative over their expected remaining lifespans. Drawing on estimates from several Integrated Assessment Models of the benefits and costs of climate stabilization actions, the analysis concludes that a program of domestic and international climate actions will be hopelessly stymied by the failure of the actions to pass individual and collective rati..., The quantitative analysis includes multiple components: 1) running integrated assessment models (RICE model, PACE-ICE, and DICE model) to evaluate the costs and benefits of climate policies, their distribution within countries, between countries, for median-age voters in different countries, and for future generations. The outputs from these models were combined with demographic data to evaluate the incidence of net benefits for current median-aged voters in different countries, long-term net benefits, and net benefits to subsequent generations., IAM models are accessible in Excel spreadsheet formats; others are comprised of model outputs from publically accessible models., # Climate-economy model scenario runs and sensitivity analysis using DICE-2016

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The dataset files included here include the model runs of the DICE climate-economy models developed by William Nordhaus and used in this paper
to simulate various trajectories of climate change and economic outcomes. The tables represent summaries of the outputs for the specific model run.
Included are the following model runs: i)baseline scenario with no climate policy intervention; ii) an optimal climate policy scenario; iii) and
sensitivity analyses for a high-damage scenario; and iv) two version of the model with a lower time preference and a higher time preference.
The identificaion of these scenarios is indicated in the file name.

## Description of the Data and file structure

The outputs from these models were combined with demographic data to evaluate the incidence of net benefits for current median-aged voters
in different countries, long-term net benefits, and net benefits to subsequent gene...