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1-4 Invited Talk - Professor Yang Zili, State University of New York at Binghamton: Nobel Prize Winning DICE/RICE --- Their Structure and Applications

  ime: Friday, January 4, 2019, at 15:30 

  Location: 6F, Main BLD.

  Speaker Profile:

  Yang Zili, Professor of Economics at Binghamton, State University of New York, Adjunct Professor of Beijing Institute of Technology, Ph.D. in Economics at Yale University, mainly engaged in in resource and environmental economics, energy economics, economic modeling, applied game theory, China's economy, etc.. In collaboration with William D. Nordhaus, Professor of Yale University, winner of the 2018 Nobel Prize in Economic Science, Professor Yang Zili developed the most influential climate change assessment model (RICE model) and published it in the American Economic Review and other important journals. The RICE model and its derived models are widely used in previous reports of the UN Intergovernmental Panel on Climate Change (IPCC). Professor Yang independently developed a research method that combines the concept and algorithm of numerical solution of game theory with the comprehensive assessment model of climate economy. He is the international leader in this pioneering field; he is the first scholar who introduced non-cooperative game solution and cooperative game to the large-scale comprehensive evaluation model; he was the most important modeler of the EPPA model of the MIT Energy Laboratory in the 1990s.

  Introduction:

  On October 8, 2018, William D. Nordhaus, a professor of economics at Yale University, was awarded the Nobel Economics Prize for his outstanding contribution to integrating climate change into long-term macroeconomic analysis. Professor Nordhaus and his collaborators have developed the DICE model (Dynamic Integrated Climate-Economy) and RICE (Regional Integrated Climate-Economy) to calculate the cost and benefit of emission reduction measures and the determination of the optimal emission reduction plan. Professor Yang Zili, one of the main collaborators, will introduce the climate change comprehensive assessment model DICE, the model content and assumptions of RICE, the connection and difference between the two models, the embodiment of environmental externalities in the model, and the Nash equilibrium theory and the application of game theory in the model, model development and application research, and further explore how to apply the RICE model to China Climate Change IAM.

  

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