Showing 1 - 10 of 250
Persistent link: https://www.econbiz.de/10011866393
Persistent link: https://www.econbiz.de/10011313656
The Ramsey rule for the consumption rate of discount assumes a transfer of money of a (representative) agent at one point in time to the same agent at another point in time. Climate policy (implicitly) transfers money not just over time but also between agents. I propose three alternative...
Persistent link: https://www.econbiz.de/10011384321
I propose a new conceptual framework to disentangle the impacts of weather and climate on economic activity and growth: A stochastic frontier model with climate in the production frontier and weather shocks as a source of inefficiency. I test it on a sample of 160 countries over the period...
Persistent link: https://www.econbiz.de/10012486667
I propose a new conceptual framework to disentangle the impacts of weather and climate on economic activity and growth: A stochastic frontier model with climate in the production frontier and weather shocks as a source of inefficiency. I test it on a sample of 160 countries over the period...
Persistent link: https://www.econbiz.de/10012487750
Earlier meta-analyses of the economic impact of climate change are updated with more data, with three new results: (1) The central estimate of the economic impact of global warming is always negative. (2) The confidence interval about the estimates is much wider. (3) Elicitation methods are most...
Persistent link: https://www.econbiz.de/10013362448
The social cost of carbon is an estimate of the benefit of reducing CO2 emissions by one ton today. As such it is a key input into cost-benefit analysis of climate policy and regulation. We provide a set of new estimates of the social cost of carbon from the integrated assessment model FUND 3.5...
Persistent link: https://www.econbiz.de/10009223283
. Ignored in previous studies of the social cost of greenhouse gas emissions, carbon dioxide fertilization has a positive effect … at the margin, but only for carbon dioxide. Because of this, the ratio of the social cost of a greenhouse gas to that of … non-carbon dioxide greenhouse gas emissions. When leaving out carbon dioxide fertilization, our estimate of the social …
Persistent link: https://www.econbiz.de/10009321670
The authors use FUND 3.9 to estimate the social cost of four greenhouse gases-carbon dioxide, methane, nitrous oxide … potential for each gas-the ratio of the social cost of the non-carbon dioxide greenhouse gas to the social cost of carbon … GWPs may be underestimating the relative importance of reducing non-carbon dioxide greenhouse gas emissions from a climate …
Persistent link: https://www.econbiz.de/10010954786
This paper explores the relationship between rationality and equity in an intergenerational context of greenhouse gas …
Persistent link: https://www.econbiz.de/10011608371