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Many countries are implementing or at least considering policies to counter increasingly certain negative impacts from climate change. An increasing amount of research has been devoted to the analysis of the costs of climate change and its mitigation, as well as to the design of policies, such...
Persistent link: https://www.econbiz.de/10008798530
This paper studies the incentives for international cooperation if (some) countries prefer a more equitable distribution of per capita emission levels. The impact of such an equity preference is analyzed first for a bilateral, and then for a multilateral environmental problem. We show that -...
Persistent link: https://www.econbiz.de/10011598232
This paper deals with a core-equilibrium equivalence in an economy with public goods where preferences of consumers display warm glow effects. We demonstrate that provided that each consumer becomes satiated to other consumers provision, it holds that, for a sufficiently large economy, the set...
Persistent link: https://www.econbiz.de/10003827913
Inequity plays a fundamental role in the evaluation of social welfare in many dimensions.We revisit the concept of … measure of welfare as equity equivalents and develop the corresponding inequity index. We then allow for different degrees of … literature on this topic. We show that the ordering of aggregation across the different dimensions matters for welfare …
Persistent link: https://www.econbiz.de/10011622070
successful in terms of fit to the experimental data: EQRE, IBE, EIBE, QRE and Nash equilibrium. -- Fairness ; Inequity aversion …
Persistent link: https://www.econbiz.de/10008811006
We estimate the demand value of road safety improvements in Switzerland from survey data using a novel elicitation approach. Individuals’ responses to questions about how much public spending on road safety should be increased are combined with observations of income, tax rate, and road usage...
Persistent link: https://www.econbiz.de/10011622075
interactions, which, roughly speaking, measures the welfare impact of income redistribution in an arbitrary society. It then shows …
Persistent link: https://www.econbiz.de/10009757474
welfare loss, but also due to warm glow effects, unlike Lindahl allocations, they are more likely to be achieved. -- Warm glow …
Persistent link: https://www.econbiz.de/10003827909
This paper analyzes the private provision of public goods where consumers interact within a fixed network structure and may benefit only from their direct neighbors’ provisions. We present a proof for existence and uniqueness of a Nash equilibrium with general best-reply functions. Our...
Persistent link: https://www.econbiz.de/10009539253
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10008824513