Showing 1 - 10 of 18
Efficient responses to climate change require accurate estimates of both aggregate damages and where and to whom they occur. While specific case studies and simulations have suggested that climate change disproportionately affects the poor, large-scale direct evidence of the magnitude and...
Persistent link: https://www.econbiz.de/10012479729
Anthropogenic climate change produces two conceptually distinct negative economic externalities. The first is an expected path of climate damage. The second, which is this paper's focus, is an expected path of economic risk. To isolate the climate-risk problem, we consider mean-zero, symmetric...
Persistent link: https://www.econbiz.de/10012481877
This paper develops an analytical model to quantify the costs and distributional effects of various fiscal options for allocating the (large) rents created under prospective cap-and-trade programs to reduce domestic, energy-related CO2 emissions. The trade-off between cost effectiveness and...
Persistent link: https://www.econbiz.de/10012462171
This essay revisits the question of instrument choice for the regulation of externalities in the context of climate change. The central point is that the Pigouvian prescription to equate marginal control costs with the expected marginal benefits of damage reduction should guide the design of...
Persistent link: https://www.econbiz.de/10012462388
A critical issue in climate-change economics is the specification of the so-called "damages function" and its interaction with the unknown uncertainty of catastrophic outcomes. This paper asks how much we might be misled by our economic assessment of climate change when we employ a conventional...
Persistent link: https://www.econbiz.de/10012462520
measures of air pollution such as SO2 concentrations. Perceptions that WTO panel rulings have interfered with the ability of …
Persistent link: https://www.econbiz.de/10012468604
empirical investigations. We apply our framework to findings related to the economic impact of air pollution, deforestation, and …
Persistent link: https://www.econbiz.de/10012453831
Shared socioeconomic pathways (SSPs) are perhaps the most influential economic policy analyses today. My paper evaluates their development, natural associations, logical consequences, and economic identification. All five SSP baseline scenarios are predicting scenarios that historical...
Persistent link: https://www.econbiz.de/10014512032
A new and important concept in global warming economics and policy is the social cost of carbon or SCC. This concept represents the economic cost caused by an additional ton of carbon-dioxide emissions or its equivalent. The present study describes the development of the concept as well as its...
Persistent link: https://www.econbiz.de/10012461118
The social costs of pollution and climate change hinge critically on humans' ability to adapt. Based on transaction … HSR reduces travelers' exposure to extreme air pollution and temperature by 7% and 10%, leading to substantial health …
Persistent link: https://www.econbiz.de/10013388818