@article{Barron:127929,
      recid = {127929},
      author = {Barron, Eric and Chapman, Duane and Khanna, Neha and Rose,  Adam Z. and Schultz, Peter A. and Kasting, James F.},
      title = {Penn State -Cornell Integrated Assessment Model},
      address = {1996-12},
      number = {642-2016-44071},
      series = {WP 96-19},
      pages = {68},
      year = {1996},
      abstract = {In the past decade dynamic geoeconomic climate modelling  has been successful in integrating basic relations in  macroeconomic growth and climatology. Now physical  scientists and economists at The Penn State University and  Cornell University propose to link transient annual climate  modelling with the greenhouse gas emissions resulting from  a macroeconomic-energy model. In climatological  terminology, this is a 3-dimensional General Circulation  Model with detailed time and geographic data at the 4.5  degree latitude by 7.5 degree longitude level. The  integrated model analysis may proceed up to periods with  10-15 times today's CO2 equivalent concentration  level.
Feedback effects include space heating and cooling  energy demand, and natural ecosystem relationships such as  CO2 fertilization and terrestrial CH4 release.
In the  macroeconomic submodel, an augmented Hotelling analysis  incorporates long-term depletion with short-term rising  market equilibrium values which reflect growing populations  and income. Energy demand is explicitly represented by  demand functions, as is the possibility of renewable  energy, conservation, or nuclear substitution for fossil  fuel, as well as the substitution of coal-based energy  services for those now provided by petroleum and natural  gas.
On a detailed regionally disaggregated level, climate  change interactions would be studied for agriculture,  morbidity and mortality, sea level rise, and income  levels.
The Framework Convention on Climate Change charges  policy makers to find stable greenhouse gas concentrations  "at a level that would prevent dangerous anthropogenic  interference with the climate system." The Penn  State-Cornell Integrated Assessment Model would assist in  defining those concentration levels, and the national and  international policy pathways such as marketable permits or  taxation.},
      url = {http://ageconsearch.umn.edu/record/127929},
      doi = {https://doi.org/10.22004/ag.econ.127929},
}