Bressler, R. Daniel; Heal, Geoffrey - National Bureau of Economic Research - 2022
Valuing deaths caused by climate change in Benefit Cost Analysis (BCA) is complex and controversial, having caused … contexts, but, as we show, clearly do not hold in the context of climate change. We show that this approach is equivalent to … theory behind different approaches to BCA, and by evaluating how they fare when applied to global externalities like climate …