Anthoff, David; Tol, Richard S. J. - Economic and Social Research Institute (ESRI) - 2008
The Stern Review added balanced growth equivalences (BGE) to the economic climate change research agenda. We first … independent of the assumed scenario of per capita income. For comparable welfare economic assumptions as the Stern Review, we … Stern Review found with the model PAGE. We find that optimal mitigation policies give even lower changes in BGE and argue …