Showing 1 - 10 of 53
Persistent link: https://www.econbiz.de/10009302065
Persistent link: https://www.econbiz.de/10010359695
Persistent link: https://www.econbiz.de/10010388046
Persistent link: https://www.econbiz.de/10009547692
Persistent link: https://www.econbiz.de/10003719974
The paper derives the optimal carbon tax in closed-form from an integrated assessment of climate change. The formula shows how carbon, temperature, and economic dynamics quantify the optimal mitigation effort. The model's descriptive power is comparable to numeric models used in policy advising....
Persistent link: https://www.econbiz.de/10011305430
Persistent link: https://www.econbiz.de/10009313675
The prevailing literature discusses intergenerational trade-offs predominantly in infinitely-lived agent models despite the finite lifetime of individuals. We discuss these trade-offs in a continuous time OLG framework and relate the results to the infinitely-lived agent setting. We identify...
Persistent link: https://www.econbiz.de/10014199620
The paper analyzes the discount rate under uncertainty. The analysis complements the probabilistic characterization of uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as discounting under a disentanglement of risk...
Persistent link: https://www.econbiz.de/10014157605
“Prices versus quantities” (Weitzman 1974), a hugely influential paper, is widely cited (and taught) in current debates about the best policy to reduce greenhouse gas emissions. The paper’s criterion for ranking policies suggests that technological uncertainty favors taxes over cap and...
Persistent link: https://www.econbiz.de/10012892252