Showing 1 - 10 of 911
empirical investigations. We apply our framework to findings related to the economic impact of air pollution, deforestation, and …
Persistent link: https://www.econbiz.de/10012453831
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/10012462388
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/10012462520
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/10012468604
This paper discusses the likely evolution of the trade and environment issue in the World Trade Organization after the upcoming ministerial meeting in Singapore this December. It makes a number of points. Progress within the GATT/WTO on this issue looks likely to be slow and painfully...
Persistent link: https://www.econbiz.de/10012473066
Using the most comprehensive data file ever compiled on air pollution, water pollution, environmental regulations, and … infant mortality from a developing country, the paper examines the effectiveness of India's environmental regulations. The … air pollution regulations were effective at reducing ambient concentrations of particulate matter, sulfur dioxide, and …
Persistent link: https://www.econbiz.de/10012461447
The United States produces 41% of the world's corn and 38% of the world's soybeans, so any impact on US crop yields will have implications for world food supply. We pair a panel of county-level crop yields in the US with a fine-scale weather data set that incorporates the whole distribution of...
Persistent link: https://www.econbiz.de/10012464847
Do governments systematically intervene in agricultural markets in response to climate shocks? If so, what are the aggregate and distributional consequences? We construct a global dataset of agricultural policies and extreme heat exposure by country and crop since 1980. We find that extreme heat...
Persistent link: https://www.econbiz.de/10014576567
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/10012479729
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/10012481877