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Climate Economics : A Meta-Review and Some Suggestions
Heal, Geoffrey - 2008
What have we learned from the outpouring of literature as a result of the Stern Review of the Economics of Climate Change? A lot. We have explored the model space and the parameter space much more thoroughly, though there are still unexplored regions. While there are aspects of the Stern...
Persistent link: https://www.econbiz.de/10012464720
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Costs of Environmentally Motivated Taxes in the Presence of Other Taxes : General Equilibrium Analyses
Bovenberg, A. Lans - 1995
There has been keen interest in recent years in environmentally motivated or 'green' tax reforms. This paper employs analytical and numerical general equilibrium models to investigate the costs of such reforms, concentrating on the question of whether these costs can be eliminated when revenues...
Persistent link: https://www.econbiz.de/10012473769
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More Roads or Public Transit? Insights from Measuring City-Center Accessibility
Conwell, Lucas J.; Eckert, Fabian; Mobarak, Ahmed Mushfiq - National Bureau of Economic Research - 2023
We propose a theory-inspired measure of the accessibility of a city's center: the size of the surrounding area from …
Persistent link: https://www.econbiz.de/10013537771
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Market Share and Exchange Rate Pass-Through in World Automobile Trade
Feenstra, Robert C. - 1993
This paper explores the relationship between exchange rate pass-through and market share for monopolistically competitive exporters. Under fairly general assumptions we show that pass-through should be high for exporters based in a country with a very large share of total destination market...
Persistent link: https://www.econbiz.de/10012474552
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Estimating the Social Cost of Carbon for Use in U.S. Federal Rulemakings : A Summary and Interpretation
Greenstone, Michael - 2011
The United States Government recently concluded a year-long process to develop a range of values representing the monetized damages associated with an incremental increase in carbon dioxide (CO2) emissions, commonly referred to as the social cost of carbon (SCC). These values are currently used...
Persistent link: https://www.econbiz.de/10012461744
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On a World Climate Assembly and the Social Cost of Carbon
Weitzman, Martin - 2016
This paper postulates the conceptually useful allegory of a futuristic "World Climate Assembly" (WCA) that votes for a … emitter's single-peaked most-preferred world price of carbon emissions to the world "Social Cost of Carbon" (SCC). The second … and third propositions relate the WCA-voted world price of carbon to the world SCC. I argue that the WCA-voted price and …
Persistent link: https://www.econbiz.de/10012455867
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Price of Long-Run Temperature Shifts in Capital Markets
Bansal, Ravi - 2016
We use the forward-looking information from the US and global capital markets to estimate the economic impact of global warming, specifically, long-run temperature shifts. We find that global warming carries a positive risk premium that increases with the level of temperature and that has almost...
Persistent link: https://www.econbiz.de/10012456150
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Which Social Cost of Carbon? A Theoretical Perspective
Kotchen, Matthew J. - 2016
This paper develops a theoretical foundation for the social cost of carbon (SCC). The model highlights the source of debate over whether countries should use the global or domestic SCC for regulatory impact analysis. I identify conditions under which a country's decision to internalize the...
Persistent link: https://www.econbiz.de/10012456430
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The Social Cost of Stochastic and Irreversible Climate Change
Cai, Yongyang - 2013
There is great uncertainty about the impact of anthropogenic carbon on future economic wellbeing. We use DSICE, a DSGE extension of the DICE2007 model of William Nordhaus, which incorporates beliefs about the uncertain economic impact of possible climate tipping events and uses empirically...
Persistent link: https://www.econbiz.de/10012459957
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Welfare Costs of Long-Run Temperature Shifts
Bansal, Ravi - 2011
consumption, and the total dollar costs of completely insuring against temperature variation are 2.46% of world GDP. If we allow … world GDP. We show that the same features, long-run risks and recursive-preferences, that account for the risk-free rate and …
Persistent link: https://www.econbiz.de/10012461084