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 se of revenue-neutrality in the allocation of emission permits. The result is mitigation recommendations that are biased downwards. JEL Categories: Q13, I3, E1
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Bibliographic InfoPaper provided by University of Massachusetts Amherst, Department of Economics in its series UMASS Amherst Economics Working Papers with number 2011-22.
Date of creation: Oct 2011
Date of revision:
representative agent; welfare; global warming; inequality.;
Other versions of this item:
- Skott, Peter & Davis, Leila, 2013. "Distributional biases in the analysis of climate change," Ecological Economics, Elsevier, vol. 85(C), pages 188-197.
- 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-11-01 (All new papers)
- NEP-ENE-2011-11-01 (Energy Economics)
- NEP-ENV-2011-11-01 (Environmental Economics)
- NEP-RES-2011-11-01 (Resource Economics)
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