CEAR 2019 Pre-Conference on Academic Research
November 4, 2019 – November 5, 2019
Program | Register
The Center for the Economic Analysis of Risk (CEAR) is organizing an academic pre-conference in conjunction with the 15th International Microinsurance Conference. The pre-conference attracts researchers to present major findings and participate in panels on recent developments in research methods to understand risk management choices of the poor. This pre-conference is being held on Monday and Tuesday, November 4-5, 2019, immediately prior to the main conference, which is on November 5, 6, and 7. Presentations in the academic pre-conference will be plenary and allow enough time for detailed discussion of each presentation and for shared discussion.
The title of this pre-conference is From Buying Greenhouse Insurance to Selling Greenhouse Insurance. This title picks up a theme from the early book by Alan Manne and Rich Richels, Buying Greenhouse Insurance: The Economic Costs of CO2 Emission Limits (Cambridge, MA: MIT Press, 1992). Alan and Rich used insurance as a metaphor, and showed how one calculates economic costs in proper present-value welfare terms, using a simple integrated assessment computable general equilibrium (CGE) simulation model. The expected present value certainty equivalent is, of course, the demand for a full indemnity insurance contract with no deductible.
This pre-conference reviews insights from CGE models for characterizing the climate change problem as well as designing policies to mitigate it, with special attention to the role of insurance. On Monday afternoon the focus will be on reviewing the last 30 years of developments in CGE models for the descriptive characterization of climate change, and on Tuesday morning the focus will turn to discussing the ways in which CGE models have been used, and could be used, to normatively evaluate policies seeking to mitigate the effects of climate change. There will be considerable time for public discussion and questions.
The keynote speaker will be Professor Thomas Rutherford, one of the leaders in CGE modeling in general and climate change applications in particular. Rutherford is a Professor in the Department of Agricultural and Applied Economics, and holds a dual faculty appointment in the Wisconsin Institute for Discovery, both at the University of Wisconsin, Madison, USA. He graduated with a Ph.D. from Stanford University in 1987, supervised by Alan Manne. He is the developer of the programming language MPSGE within GAMS, one of the most widely used tools for developing CGE models. He has published extensively on the use of CGE models for trade policy and climate change policy in major academic journals. Between 2008 and 2011 he held the Chair in Energy Economics at the Swiss Federal Institute of Technology (ETH), Zürich, and prior to that has held academic positions at the University of Colorado, University of Western Ontario, and Yale University. As a Peace Corp volunteer between 1977 and 1979, he worked as a rural suspension bridge engineer in Nepal, and one of the bridges he built remains heavily used to this day.
Information about registration to the main conference can be found on the main IMC website. Registration to this pre-conference is open to any researcher, academic or otherwise, and can be completed using the form below. Registration to attend the pre-conference are done separately from the main IMC. Please note that in order to attend this pre-conference, you must also register for the larger IMC. The pre-conference has a capped attendance at 40 participants and will be on a first-come, first-served basis.
There will be a pre-conference dinner, for invited speakers, and CEAR will pay for this. If any of the speakers in the pre-conference are also selected for a presentation in the main conference, the Munich Re Foundation will cover their costs in the usual manner and up to the usual level; CEAR would cover any additional costs for these speakers.