The threat of an abrupt and extreme rise in sea level is widely discussed in the media, but little understood in practise, including the likely impacts of such a rise. This paper explores for the first time the global impacts of extreme sea-level rise, triggered by a hypothetical collapse of the...

As economic and emissions scenarios assume convergence of per capita incomes, they are sensitivity to the exchange rate used for international comparison. Particularly, developing countries grow slower with a purchasing power exchange rate than with a market exchange rate. Different exchange...

TEconomic analysis of emission permit markets, and particularly of the initial permit allocation, have concentrated largely on static approaches. This is somewhat unsatisfactory as the allocation method in subsequent commitment periods may influence the behaviour of the market participants in...

The Inglehart index of post-materialism is measured by people’s priority for low inflation and order. We use regression analysis to correct national averages of the Inglehart index for the effects of observed inflation and (violent) crime rates for selected European, Asian and South American...

We use an updated and extended version of the Hamburg Tourism Model to simulate the effect of development and climate change on tourism. Models extensions are the explicit modelling of domestic tourism, and the inclusion of tourist expenditures. Climate change would shift patterns of tourism...

The validity of the Hotelling’s rule, the fundamental theorem of nonrenewable resource economics, is limited by its partial equilibrium nature. One symptom of this limitation may be the disagreement between the empirical evidence, showing stable or declining resource prices, and the rule,...

Two reasons to be concerned about climate change are its unjust distributional impact and its negative aggregate effect on economic growth and welfare. Although our knowledge of the impact of climate change is incomplete and uncertain, economic valuation is difficult and controversial, and the...

Based on predicted changes in the magnitude and distribution of global precipitation, temperature and river flow under the IPCC SRES A1B and A2 scenarios, this study assesses the potential impacts of climate change and CO2 fertilization on global agriculture. The analysis uses the new version of...

Estimates of the marginal damage costs of carbon dioxide emissions require the aggregation of monetised impacts of climate change over people with different incomes and in different jurisdictions. Implicitly or explicitly, such estimates assume a social welfare function and hence a particular...