A critical issue in climate-change economics is the specification of the so-called "damages function" and its … assessment of climate change when we employ a conventional quadratic damages function and/or a thin-tailed probability … targets as insurance against catastrophic climate-change temperatures and damages. These numerical examples suggest that we …

gases, especially through emission trading. Climate policies present the novel problem of integrating emissions reductions …

National safety nets are imbedded in country-specific regulatory cultures that encompass contradictory goals of … distortions in cross-country connections between national safety nets require improvisational responses from de facto hegemonic … 2007, de facto hegemons used repurchase agreements to transfer taxpayer funds -- implicitly but in large measure -- to …

Considered as a social contract, a financial safety net imposes duties and confers rights on different sectors of the … emerge that are hard to bridge. This paper shows that nationalistic biases and leeway in principles used to measure value …