Economic assessments of climate change impacts are commonly presented as the effect of a climate change associated with a doubling of the atmospheric concentration of carbon dioxide on the current economy. This paper is an attempt to express impact as a function of both climate change and socioeconomic change. With regard to climate change, issues discussed are level versus rate of change, spee...

We address a dynamic decision problem in which decision makers must pay some costs when they change their decisions along the way. We formalize this problem as Dynamic SAT (DynSAT) with decision change costs, whose goal is to find a sequence of models that minimize the aggregation of the costs for changing variables. We provide two solutions to solve a specific case of this problem. The first u...

Monetised estimates of the impact of climate change are derived. Impacts are expressed as functions of climate change and ‘vulnerability’. Vulnerability is measured by a series of indicators, such as per capita income, population above 65, and economic structure. Impacts are estimated for nine world regions, for the period 2000–2200, for agriculture, forestry, water resources, energy consumptio...

It is argued that estimating the damage costs of a certain benchmark climate change is not sufficient. What is needed are cost functions and confidence intervals. Although these are contained in the integrated models and their technical manuals, this paper brings them into the open in order to stimulate discussion. After briefly reviewing the benchmark climate change damage costs, region-specif...

Climate change would impact different countries differently, and different countries have different levels of development. Equity-weighted estimates of the (marginal) impact of greenhouse gas emissions reflect these differences. Equity-weighted estimates of the marginal damage cost of carbon dioxide emissions are substantially higher than estimates without equity-weights; equity-weights may als...

New Zealand is unique in that half of its national greenhouse gas (GHG) inventory derives from agriculture--predominantly as methane (CH4) and nitrous oxide (N2O), in a 2:1 ratio. The remaining GHG emissions predominantly comprise carbon dioxide (CO2) deriving from energy and industry sources. Proposed strategies to mitigate emissions of CH4 and N2O from pastoral agriculture in New Zealand are:...

This paper examines the impact of technical change on European bank costs and profits between 1992 and 2000. The estimates suggest that technological change reduced the total costs of European banks at an average rate of 3.8% per annum. However, technical change reduced profits by 0.45% annually over the same period. As found in an earlier study by Altunbas et al (1999) pure and non-neutral com...

The tortuosity of the track taken by an animal searching for food profoundly affects search efficiency, which should be optimised to maximise net energy gain. Models examining this generally describe movement as a series of straight steps interspaced by turns, and implicitly assume no turn costs. We used both empirical- and modelling-based approaches to show that the energetic costs for turns i...