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assumptions concerning the pure rate of time preference, the social welfare aggregator and the extent of climate damages. We focus …
Persistent link: https://www.econbiz.de/10009419726
reduction in current consumption that produces a loss in social welfare equivalent to that caused by the emission of a ton of CO …2. The standard approach is to calculate the SCC using a discounted-utilitarian social welfare function (SWF)-one that … welfare economics, but has been, thus far, little used in climate scholarship. The core idea is to give greater weight to well …
Persistent link: https://www.econbiz.de/10011547506
Persistent link: https://www.econbiz.de/10009614085