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DICE-2013R and Other Integrated Assessment Models -- Consumer Sovereignty vs. Intergenerational Equity: An Overview of the Stern-Nordhaus Debate -- Intergenerational Discounting and Overlapping Generations Models -- Intergenerational Discounting in the DICE Model.
Persistent link: https://www.econbiz.de/10014018061
Compared to existing needs adaptation policies are lagging behind significantly. Most environmental economists would argue that adaptation measures such as flood protection have the feature of a local public good, and since benefits accrue to later generations also, the public goods issue is the...
Persistent link: https://www.econbiz.de/10014083446
The estimated values to society from long-term public projects, including climate change mitigation and infrastructure construction, are highly sensitive to the social discount rate (SDR) employed. Governmental guidance on social discounting has predominantly been based on input from expert...
Persistent link: https://www.econbiz.de/10013365181
An extensive climate policy literature provides various recommendations, but they are not supported democratically since the models employed consider either infinitely-lived individuals or normative social objectives (or both). In contrast, the present paper provides policy recommendations that...
Persistent link: https://www.econbiz.de/10013365219
Current policies directed at mitigating global warming appear unlikely to prevent temperatures from rising to levels that would trigger a precipitous increase in the costs of climate change. Various attempts at international cooperation to avoid this outcome have failed. Why is this problem so...
Persistent link: https://www.econbiz.de/10013462728
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An extensive climate policy literature provides various recommendations, but they are not supported democratically since the models employed consider either infinitely-lived individuals or normative social objectives (or both). In contrast, the present paper provides policy recommendations that...
Persistent link: https://www.econbiz.de/10014244261
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