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geographic location for inter-State conflict. The main predictions of the theory are that conflict tends to be more likely when …
Persistent link: https://www.econbiz.de/10012459684
This paper shows that ethnically remote locations do not reap the full peace dividend from increased market access. Exploiting the staggered implementation of the US-initiated Africa Growth and Opportunity Act (AGOA) and using high-resolution data on ethnic composition and violent conflict for...
Persistent link: https://www.econbiz.de/10013537756
This paper postulates the conceptually useful allegory of a futuristic "World Climate Assembly" (WCA) that votes for a … emitter's single-peaked most-preferred world price of carbon emissions to the world "Social Cost of Carbon" (SCC). The second … and third propositions relate the WCA-voted world price of carbon to the world SCC. I argue that the WCA-voted price and …
Persistent link: https://www.econbiz.de/10012455867
We use the forward-looking information from the US and global capital markets to estimate the economic impact of global warming, specifically, long-run temperature shifts. We find that global warming carries a positive risk premium that increases with the level of temperature and that has almost...
Persistent link: https://www.econbiz.de/10012456150
This paper develops a theoretical foundation for the social cost of carbon (SCC). The model highlights the source of debate over whether countries should use the global or domestic SCC for regulatory impact analysis. I identify conditions under which a country's decision to internalize the...
Persistent link: https://www.econbiz.de/10012456430
There is great uncertainty about the impact of anthropogenic carbon on future economic wellbeing. We use DSICE, a DSGE extension of the DICE2007 model of William Nordhaus, which incorporates beliefs about the uncertain economic impact of possible climate tipping events and uses empirically...
Persistent link: https://www.econbiz.de/10012459957
consumption, and the total dollar costs of completely insuring against temperature variation are 2.46% of world GDP. If we allow … evaluate the role of temperature in determining asset prices, and to compute utility-based welfare costs as well as dollar … costs of insuring against temperature fluctuations. We find that the temperature related utility-costs are about 0.78% of …
Persistent link: https://www.econbiz.de/10012461084
trillion dollars in direct military costs. I review the history of cost forecasts for these ongoing engagements, highlighting … the implications of the war costs themselves. Besides the unanticipated length and breadth of the military conflicts … themselves, a related and equally important component of costs is the life cycle of costs associated with caring for veterans …
Persistent link: https://www.econbiz.de/10012462493
This paper attempts to provide a more complete reckoning of the costs of the Iraq War, using standard economic and …, and the CBO's estimates put the projected total direct costs at around $500bn. These figures, however, greatly … underestimate the War's true costs. We estimate a range of present and future costs, by including expenditures not in the $500bn CBO …
Persistent link: https://www.econbiz.de/10012466615
We develop a measure of a regime's tolerance for an action by its citizens. We ground our measure in an economic model and apply it to the setting of political protest. In the model, a regime anticipating a protest can take a costly action to repress it. We define the regime's tolerance as the...
Persistent link: https://www.econbiz.de/10013334386