Burden Sharing Emissions and Climate Change: A Theoretic Welfare Approach
The approximated cost-benefit function of pollution abatement from two integrated assessment models are employed in constructing of social welfare functions (SWF). Following a normative approach and evaluating equally the environmental goods in rich and poor countries, furthermore using distributional weights, a relation between elasticity of marginal utility epsilon and inequality aversion parameter gamma is established. By maximizing the global social welfare, the optimal pollution abatement level are found. The relation between the income elasticity of marginal utility epsilon and the inequality aversion parameter gamma allow to narrow the variation of epsilon for a particular value of gamma. As a consequence, smaller variation for optimal abatement levels are obtained, which allows to inspect if the Kyoto abatement objectives respect the requirement of evaluating equally the environmental goods in rich and poor countries.
|Date of creation:|
|Contact details of provider:|| Postal: Bundesstrasse 55, 20146 Hamburg|
Phone: +49 40 42838 6593
Fax: +49 40 42838 7009
Web page: http://www.fnu.zmaw.de/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:sgc:wpaper:172. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Uwe Schneider)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.