“…AIM/CGE is a recursive dynamic general equilibrium model containing 17 regions globally and 42 industrial classifications including 10 agricultural sectors (Fujimori, Masui, & Yuzuru, ). It has been widely adopted for various studies on climate change (e.g., Fujimori, Abe, et al, ; Fujimori, Hasegawa, et al, ; Fujimori, Kainuma, Masui, Hasegawa, & Dai, ; Hasegawa et al, ; Hasegawa, Fujimori, Shin, et al, ;Hasegawa, Fujimori, Takahashi, & Masui, Hasegawa, Fujimori, Takahashi, Yokohata, & Masui, , Hasegawa et al, ; ; Hasegawa et al, ). Production sectors in AIM/CGE are characterized by profit maximization under multi‐nested constant elasticity substitution (CES) functions.…”