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What are the Costs of Meeting Distributional Objectives for Climate Policy?
Parry, Ian W. H. - 2010
This paper develops an analytical model to quantify the costs and distributional effects of various fiscal options for allocating the (large) rents created under prospective cap-and-trade programs to reduce domestic, energy-related CO2 emissions. The trade-off between cost effectiveness and...
Persistent link: https://www.econbiz.de/10013136741
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Taxes, Permits, and Climate Change
Kaplow, Louis - 2010
This essay revisits the question of instrument choice for the regulation of externalities in the context of climate change. The central point is that the Pigouvian prescription to equate marginal control costs with the expected marginal benefits of damage reduction should guide the design of...
Persistent link: https://www.econbiz.de/10013139280
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Estimates of the Social Cost of Carbon : Background and Results from the Rice-2011 Model
Nordhaus, William D. - 2011
A new and important concept in global warming economics and policy is the social cost of carbon or SCC. This concept represents the economic cost caused by an additional ton of carbon-dioxide emissions or its equivalent. The present study describes the development of the concept as well as its...
Persistent link: https://www.econbiz.de/10013119046
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Climatic Constraints on Aggregate Economic Output
Burke, Marshall - 2019
Efficient responses to climate change require accurate estimates of both aggregate damages and where and to whom they occur. While specific case studies and simulations have suggested that climate change disproportionately affects the poor, large-scale direct evidence of the magnitude and...
Persistent link: https://www.econbiz.de/10012870073
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The Environment and Globalization
Frankel, Jeffrey A. - 2021
measures of air pollution such as SO2 concentrations. Perceptions that WTO panel rulings have interfered with the ability of …
Persistent link: https://www.econbiz.de/10013217954
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The Distribution of Environmental Damages
Hsiang, Solomon - 2017
empirical investigations. We apply our framework to findings related to the economic impact of air pollution, deforestation, and …
Persistent link: https://www.econbiz.de/10012946487
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Pareto-Improving Carbon-Risk Taxation
Kotlikoff, Laurence J.; Kubler, Felix; Polbin, Andrey … - 2022
Anthropogenic climate change produces two conceptually distinct negative economic externalities. The first is an expected path of climate damage. The second, which is this paper's focus, is an expected path of economic risk. To isolate the climate-risk problem, we consider mean-zero, symmetric...
Persistent link: https://www.econbiz.de/10013312021
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GHG Targets as Insurance Against Catastrophic Climate Damages
Weitzman, Martin - 2010
A critical issue in climate-change economics is the specification of the so-called "damages function" and its interaction with the unknown uncertainty of catastrophic outcomes. This paper asks how much we might be misled by our economic assessment of climate change when we employ a conventional...
Persistent link: https://www.econbiz.de/10013141847
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Productivity in the Transportation Sector
Gordon, Robert J. - 2007
productivity (MFP) growth in the transportation industry over the postwar period, 1948-87. Official data on output and employment … data reduce the magnitude of the post-1973 productivity slowdown in transportation MFP growth from a previously reported 2 … airports, air traffic control, and highways, do not change appreciably the pattern of postwar MFP growth in transportation …
Persistent link: https://www.econbiz.de/10012778843
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What's Driving Entrepreneurship and Innovation in the Transport Sector?
Choe, Derrick; Oettl, Alexander; Seamans, Robert - 2022
innovative activities in the transportation and warehousing sector of the U.S. economy. We suggest multiple avenues for future …
Persistent link: https://www.econbiz.de/10013308125