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The Dynamic Integrated Climate-Economy model, referred to as the DICE model or Dice model, is a computer model proposed by William Nordhaus that attempts to model the interaction of the economy and the climate system in order to better predict how future climate change and the economic system will interact.

History

The model appears to have first been proposed by economist William Nordhaus in a discussion paper for the Cowles Foundation in February 1992.[1] Nordhaus published an improved version of the model in the October 1994 book Managing the Global Commons: The Economics of Climate Change,[2] with the appendix containing a computer program that is freely available online.[3] Marian Radetzki reviewed the book for Energy Journal.[4]


References

  1. ^ Nordhaus, William (February 1992). "The "Dice" Model: Background and Structure of a Dynamic Integrated Climate-Economy Model of the Economics of Global Warming (Cowles Foundation discussion paper no. 1009)" (PDF). Retrieved February 19, 2014.
  2. ^ Nordhaus, William (October 4, 1994). Managing the Global Commons: The Economics of Climate Change. MIT Press. {{cite book}}: |access-date= requires |url= (help)
  3. ^ Nordhaus, William (October 4, 1994). "Appendix. Computer Program for DICE model". Retrieved February 19, 2014.
  4. ^ Radetzki, Marian (1995). "Managing the Global Commons: The Economics of Climate Change". Energy Journal. 16 (2). Retrieved February 19, 2014. {{cite journal}}: Italic or bold markup not allowed in: |journal= (help)