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Distributional biases in the analysis of climate change

  • Skott, Peter
  • Davis, Leila

The 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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Article provided by Elsevier in its journal Ecological Economics.

Volume (Year): 85 (2013)
Issue (Month): C ()
Pages: 188-197

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Handle: RePEc:eee:ecolec:v:85:y:2013:i:c:p:188-197
DOI: 10.1016/j.ecolecon.2012.06.014
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolecon

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