Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim - Department of Economics and Business, Universitat … - 2008
Climate science indicates that climate stabilization requires low GHG emissions. Is this consistent with nondecreasing human welfare? Our welfare or utility index emphasizes education, knowledge, and the environment. We construct and calibrate a multigenerational model with intertemporal links...