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We study how income inequality affects the social value of a dynamic public good, such as natural capital. Our theory shows that both intra- and intertemporal inequality affect the social value of public natural capital. The direction and size of the effects are driven by the degree of...
Persistent link: https://www.econbiz.de/10012387514
issues: climate change and biodiversity. Involvement of governments and a reference framework provided by intergovernmental …
Persistent link: https://www.econbiz.de/10010223360
The evolution during the Anthropocene is analyzed through the interaction between economic and technological development, characterized by the role of fossil fuels and by the progressive dominance of those with a higher energy and density power. The challenge is how to make the rising demand for...
Persistent link: https://www.econbiz.de/10010223439
This paper presents a two-sector green endogenous growth model to explore a mechanism that explains why carbon-intensive capital is not necessarily shut down during transition to a green economy. Without accumulating clean capital to offset carbon emissions, a tightening of climate regulation...
Persistent link: https://www.econbiz.de/10012383739
species forming a food chain. The size of habitat determines the diversity and abundance of species. That biodiversity …
Persistent link: https://www.econbiz.de/10011450672
Persistent link: https://www.econbiz.de/10003498741
We consider a world economy, in which the global public good "biodiversity" is positively correlated with that share of …-to-pay for biodiversity conservation is positive in "rich" developed countries (North), but very low in "poor" developing … welfare when the North financially supports biodiversity conservation in the South - as stipulated in the Convention on …
Persistent link: https://www.econbiz.de/10011587960
In this paper we test empirically with the Nordhaus and Yang (1996) RICE model the core property of the transfer scheme adv ocated by Germain, Toint and Tulkens (1997). This scheme is designed to sustain full cooperation in a voluntary international environmental agreement by making all...
Persistent link: https://www.econbiz.de/10009781723
We develop a new theoretical framework of trade agreement (TA) formation, called a "parallel contest", that emphasizes the political fight over TA ratification within countries. TA ratification is inherently uncertain in each country, where anti- and pro-trade interest groups contest each other...
Persistent link: https://www.econbiz.de/10011814580
Economic models of climate policy (or policies to combat other environmental problems) typically neglect psychological adaptation to changing life circumstances. People may adapt or become more sensitive, to different degrees, to a deteriorated environment. The present paper addresses these...
Persistent link: https://www.econbiz.de/10010354841