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Compensation in Personal Injury Cases : Mean or Median Income?

Danziger, Leif - 2019

percent of mean income. In this paper we use economic theory to determine the relation between the appropriate make …

Persistent link: https://www.econbiz.de/10012866040

Mill, Wladislaw; Stäbler, Jonathan - 2023

This paper studies how litigation and settlement behavior is affected by agents motivated by spiteful preferences under the American and the English fee-shifting rule. We conduct an experiment and find that litigation expenditures and settlement requests are higher for more spiteful...

Persistent link: https://www.econbiz.de/10014260383

Macroeconomics and the Environment : A Selective Survey

Sen, Partha - 2020

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

Discounting in the Presence of Scarce Ecosystem Services

Zhu, Xueqin - 2019

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

Testing the Dismal Theorem

Anthoff, David; Tol, Richard S.J - 2021

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

Pricing Pollution

Mideksa, Torben K. - 2020

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

Reversible Environmental Catastrophes with Disconnected Generations

Heijdra, Ben J. - 2019

We study environmental policy in an economy-ecology model featuring multiple deterministic stable steady-state ecological equilibria. The economy-ecology does not settle in either of the deterministic steady states as the environmental system is hit by random shocks. Individual live for two...

Persistent link: https://www.econbiz.de/10012892273

City Size, Pollution and Emission Policies

Pflüger, Michael - 2020

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

Inequality and the Environment : The Economics of a Two-Headed Hydra

Drupp, Moritz A.; Kornek, Ulrike; Meya, Jasper; Sager, Lutz - 2021

Preserving environmental quality and addressing economic inequality both feature prominently in public discourse. Neither of these two issues can be fully understood in isolation, and policies aiming at one issue will increasingly have to consider interactions with the other. We synthesize...

Persistent link: https://www.econbiz.de/10013312074

Comprehensive National Accounting for Carbon Emissions

Asheim, Geir B.; Yamaguchi, Rintaro - 2023

We consider the question of how to integrate carbon emissions in comprehensive national accounts for the purpose of indicating whether countries’ development is sustainable. We derive an expression for national saving which includes not only the national effect of current global emissions, but...

Persistent link: https://www.econbiz.de/10014346316

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