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The Aggregation Dilemma

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  • Ingmar Schumacher

Abstract

The results in this paper show that the level of aggregation used in a social welfare func- tion matters significantly for policy analysis. Using climate change as an example, it is shown that, under the mild and widely-accepted assumptions of asymmetr

Suggested Citation

  • Ingmar Schumacher, 2014. "The Aggregation Dilemma," Working Papers 2014-224, Department of Research, Ipag Business School.
    • Handle: RePEc:ipg:wpaper:2014-224
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    File URL: https://faculty-research.ipag.edu/wp-content/uploads/recherche/WP/IPAG_WP_2014_224.pdf
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    References listed on IDEAS

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    Cited by:

    1. repec:ipg:wpaper:2014-484 is not listed on IDEAS
    2. Ingmar Schumacher, 2018. "The Aggregation Dilemma In Climate Change Policy Evaluation," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 1-20, August.
    3. Ingmar Schumacher, 2019. "Climate Policy Must Favour Mitigation Over Adaptation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(4), pages 1519-1531, December.
    4. repec:ipg:wpaper:2014-479 is not listed on IDEAS
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    10. repec:ipg:wpaper:2014-454 is not listed on IDEAS
    11. repec:ipg:wpaper:2014-460 is not listed on IDEAS

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    More about this item

    Keywords

    Aggregation Dilemma; social welfare function; Integrated Assessment Models; climate policy.;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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