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This paper investigates in how far equity preferences may matter for climate negotiations. For this purposes we … conducted a simple experiment with people who have been involved in international climate policy. The experiment, which was run …
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The social cost of carbon (SCC) is a monetary measure of the harms from carbon emission. Specifically, it is the reduction in current consumption that produces a loss in social welfare equivalent to that caused by the emission of a ton of CO2. The standard approach is to calculate the SCC using...
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