Distributional biases in the analysis of climate change
AbstractThe economic analysis of global warming is dominated by models based on optimal growth theory. These representative-agent models have an intrinsic distributional bias in favor of the rich. The bias is compounded by the use of ‘revenue-neutrality’ in the allocation of emission permits. The result is mitigation recommendations that are biased downwards.
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Bibliographic InfoArticle provided by Elsevier in its journal Ecological Economics.
Volume (Year): 85 (2013)
Issue (Month): C ()
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Web page: http://www.elsevier.com/locate/ecolecon
Representative agent; Welfare; Global warming; Inequality;
Other versions of this item:
- Peter Skott & Leila Davis, 2011. "Distributional biases in the analysis of climate change," UMASS Amherst Economics Working Papers 2011-22, University of Massachusetts Amherst, Department of Economics.
- Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
- I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
- E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
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