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Discounting has to take account of ecosystem services in consumption and production. Previous literature focuses on the first aspect and shows the importance of the relative price effect, for given growth rates of consumption and ecosystem services. This paper focuses on intermediate ecosystem...
Persistent link: https://www.econbiz.de/10012892067
individuals’ well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction …
Persistent link: https://www.econbiz.de/10010273798
The objective of this paper is to critically assess the use of simple rules for the social cost of carbon (SCC) that employ a rudimentary form of the Ramsey Rule. Two interrelated caveats apply. First, if climate change poses a serious problem, it is hard to justify an exogenous constant growth...
Persistent link: https://www.econbiz.de/10012892228
combines elements of the literatures on economic geography, multinational firms, urban economics, and trade theory. A two …
Persistent link: https://www.econbiz.de/10013250045
between nations. Production of output necessarily involves pollution and degrading the environment. Therefore, environmental …? National income accounts do not take into account non-market activities. Some progress has been made in the theory and …
Persistent link: https://www.econbiz.de/10012839360
Weitzman's Dismal Theorem has that the expected net present value of a stock problem with a stochastic growth rate with unknown variance is unbounded. Cost-benefit analysis can therefore not be applied to greenhouse gas emission control. We use the Generalized Central Limit Theorem to show that...
Persistent link: https://www.econbiz.de/10013239336
modelling of pollution and pollution abatement. We derive two key insights. First, if the national government implements a … permit system (equivalently, pollution taxes) that allow for emissions as in the first-best, cities chosen by local …-best emission policy and extensions to city asymmetries, a fiscal externality, local pollution, generalized commuting costs and …
Persistent link: https://www.econbiz.de/10012827112
environment. They feature warm-glow preferences and therefore will engage in private abatement in order to slightly influence the …
Persistent link: https://www.econbiz.de/10012892273
its intensity (i.e., the tax rate or the quota level) to price pollution. When countries price pollution non …
Persistent link: https://www.econbiz.de/10012834363
consider interactions with the other. We synthesize theoretical mechanisms that underpin inequality-environment interlinkages … appraisal. We argue that it is crucial to consider inequality-environment interlinkages even if one’s primarily concern is one …
Persistent link: https://www.econbiz.de/10013312074