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Optimal Redistributive Policy Under Disaster Risk : Self-Protection and Social Mitigation
Tsugawa, Shuichi - 2021
This paper examines the optimal mixed taxation of polluting goods and subsidies for self-protection under nonlinear income tax. The novel contribution of this paper is to take disaster risk into account, the probability which is determined by the total amount of polluting goods consumed by all...
Persistent link: https://www.econbiz.de/10013322085
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Public-good provision with macro uncertainty about preferences : efficiency, budget balance, and robustness
Hellwig, Martin - 2021
The paper studies efficient public-good provision in a model with private values whose distribution depends on a macro shock; conditionally on this shock, values are independent and identically distributed. A generalization of the Bayesian mechanism of d'Aspremont and Gérard-Varet is shown to...
Persistent link: https://www.econbiz.de/10012657865
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On the impact of risky private and public returns in the private provision of public goods : the case of social investments
Freundt, Jana; Lange, Andreas - 2019
We use a laboratory experiment to identify the impact of risk in the private and public dimensions of social investments. In variants of a public good game, we separate the return a subject's investment generates for herself vs. the return to others. We find a detrimental effect of risk on...
Persistent link: https://www.econbiz.de/10011958821
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On welfare frameworks and catastrophic climate risks
Millner, Antony - 2013
that the welfare functions traditionally used in climate economics are ill-equipped to deal with climate catastrophes in … which population size changes. Drawing on recent work in population ethics I propose an alternative welfare framework with … normatively desirable properties, which has the effect of dampening the contribution of catastrophes to welfare. …
Persistent link: https://www.econbiz.de/10010199723
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Technology transfers for climate change
Elsayyad, May; Morath, Florian - 2013
This paper considers investments in cost-reducing technology in the context of contributions to climate protection. Contributions to mitigating climate change are analyzed in a two-period model where later contributions can be based on better information, but delaying the contribution to the...
Persistent link: https://www.econbiz.de/10010223047
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Technology transfers for climate change : conference paper
Elsayyad, May; Morath, Florian - 2014
This paper considers investments in cost-reducing technology in the context of contributions to climate protection. Contributions to mitigating climate change are analyzed in a two-period model where later contributions can be based on better information, but delaying the contribution to the...
Persistent link: https://www.econbiz.de/10010484387
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Optimal Income Taxation and Public Goods Provision in a Large Economy with Aggregate Uncertainty
Bierbrauer, Felix J. - 2009
We study a large economy model in which individuals have private information about their productive abilities and their preferences. Moreover, there is aggregate uncertainty so that the social benefits from taxation and public goods provision are a priori unknown. The analysis is based on a...
Persistent link: https://www.econbiz.de/10013158141
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Public-Good Provision with Macro Uncertainty about Preferences : Efficiency, Budget Balance, and Robustness
Hellwig, Martin F. - 2021
The paper studies efficient public-good provision in a model with private values whose distribution depends on a macro shock; conditionally on this shock, values are independent and identically distributed. A generalization of the Bayesian mechanism of d’Aspremont and Gérard-Varet is shown to...
Persistent link: https://www.econbiz.de/10013322513
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Does risk communication really decrease cooperation in climate change mitigation?
Bravo, Giangiacomo; Farjam, Mike; Nikolaychuk, Olexandr - 2017
Effective communication of risks involved in the climate change discussion is crucial and despite ambitious protection policies, the possibility of irreversible consequences actually occurring can only be diminished but never ruled out completely. We present a laboratory experiment that studies...
Persistent link: https://www.econbiz.de/10011738574
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The ethics of intergenerational risk
Piacquadio, Paolo G. - 2015 - This version August 7, 2015
welfare criteria: (i) disentangle aversion to intergenerational inequality from aversion to risk; (ii) value an early …
Persistent link: https://www.econbiz.de/10011333646