The Institute of Economics will hold a seminar meeting as part of its Seminar Series on Thursday, October 26, 2023: Antoine Mandel from University Paris 1 Panthéon-Sorbonne will present the paper “Assessing climate impacts from the bottom-up".
Assessment of climate impacts is mostly based on equilibrium models considering expected value of impacts. This approach neglects a number of key features :(i) the spatial heterogeneity of impacts and of the distribution of economic activity, (ii) the tail of the distribution of impacts, (iii) the propagations of impacts out-of-equilibrium. In this paper, we develop an agent-based model of the propagation of shocks in input-output networks that overcome these shortcomings. Our approach starts from a representation of direct climate impacts on the production process of geolocalized firms. We then use an agent-based model to assess the propagation of impacts through global supply chains.
The Seminar will be held in Aula 5 DAF: for online partecipation use this link.