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development. Equity-weighted estimates of the (marginal) impact of greenhouse gas emissions reflect these differences. Equity …-weighted estimates of the marginal damage cost of carbon dioxide emissions are substantially higher than estimates without equity …-weights; equity-weights may also change the sign of the social cost estimates. Equity weights need to be normalised. Our estimates …
Persistent link: https://www.econbiz.de/10005230866
Economic globalization affects the environment and sustainable development in several ways and through various channels …. The purpose of this paper is to review the key links between globalization and the environment. The paper intends to …
Persistent link: https://www.econbiz.de/10005423127
countries, not to the exclusion of emissions reductions in the developed world and possibly with the help of significant …
Persistent link: https://www.econbiz.de/10005230857
We distinguish between local problems of biodiversity loss and global ones, where international cooperation is required. Global biodiversity regulation involves choosing the optimal stopping rule regarding global land conversions, in order to ensure that some areas of unconverted natural...
Persistent link: https://www.econbiz.de/10010904910
the equity effects of the policy reforms. The second contribution is related to the way in which the externalities are …
Persistent link: https://www.econbiz.de/10005385363
We offer a framework to assign quantitative allocations of emissions of greenhouse gases (GHGs), across countries, one budget period at a time. Under the two-part plan: (i) China, India, and other developing countries accept targets at Business as Usual (BAU) in the coming budget period, the...
Persistent link: https://www.econbiz.de/10009320996
, cost effectiveness, equity, flexibility in the presence of new information, and incentives for participation and compliance …
Persistent link: https://www.econbiz.de/10005423122
This paper develops a formal model of exchange network stability that combines expected value theory (Friedkin 1995) with the economic literature on network dynamics. We identify stable networks up to size 8 for varying costs and investigate whether they are Pareto efficient and egalitarian....
Persistent link: https://www.econbiz.de/10005230832
The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount rate to a change in risk aversion depends on some...
Persistent link: https://www.econbiz.de/10010904906
The present research offers an economic assessment of climate change impacts on the four major crop families characterizing Nigerian agriculture, covering more than 80% of agricultural value added. The evaluation is performed shocking land productivity in a computable general equilibrium model...
Persistent link: https://www.econbiz.de/10010904911