Baum, Seth Daniel2019-09-252019-09-252010-09-112007-12http://hdl.handle.net/20.500.12424/175494"This paper explains these important nuances of the Ramsey model to help put in perspective the climate change assessments which use the model. The paper is based on an award-winning forthcoming essay on the Ramsey model (Baum 2007) and is part of ongoing analysis of the ethics used in climate change assessments. The Ramsey model is a prominent tool for climate change assessments. It is used in the Stern Review and the work of William Nordhaus, among others. As with all models, it is wrong: it contains inaccuracies in its descriptions of the world. Some of these inaccuracies, including the model's treatment of spatial distribution and its representation of human welfare, have important consequences for climate change assessment. (p. 1).engWith permission of the license/copyright holderclimate changeclimate ethicsEnvironmental ethicsResources ethicsEthics of global commonsPreprint