infonet-economy

This thesis compiles three papers on different topics in computational economics: First, we present a new method to recursively integrate expectations over serially correlated latent variables with continuous support in maximum likelihood estimations, using highly efficient quadrature rules and interpolation; we apply the method to the dynamic discrete choice model of Rust (1987)....

Most current cost-benefit analyses of climate change policies suggest an optimal global climate policy that is significantly less stringent than the level required to meet the internationally agreed 2 °C target. This is partly because the sum of estimated economic damage of climate change across various sectors, such as energy use and changes in agricultural production, results in...