NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Social Cost of Stochastic and Irreversible Climate Change

Yongyang Cai, Kenneth L. Judd, Thomas S. Lontzek

NBER Working Paper No. 18704
Issued in January 2013

---- Acknowledgements -----

We thank Kenneth Arrow, Buz Brock, Larry Goulder, Lars Hansen, Larry Karp, Tim Lenton, Karl Schmedders, Christian Träger and Rick van der Ploeg for comments on earlier versions of the paper. We are also grateful for numerous comments from participants of the 2012 Conference on Climate and the Economy organized by the Institute for International Economic Studies. Furthermore, Cai, Judd, and Lontzek gratefully acknowledge NSF support (SES-0951576). Financial support for Lontzek was provided by the Zürcher Universitätsverein, the University of Zurich and the Ecosciencia Foundation. Part of this study was done while Lontzek was visiting the Hoover Institution. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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