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Title:Distributional biases in the analysis of climate change PDF Logo
Authors:Skott, Peter
Davis, Leila
Issue Date:2011
Series/Report no.:Working Paper, University of Massachusetts, Department of Economics 2011-22
Abstract:The economic analysis of global warming is dominated by models based on optimal growth theory. These representative-agent models have an intrinsic distributional bias in favor of the rich. The bias is compounded by the use of revenue-neutrality in the allocation of emission permits. The result is mitigation recommendations that are biased downwards.
Subjects:representative agent
welfare
global warming
inequality.
JEL:Q13
I3
E1
Document Type:Working Paper
Appears in Collections:Working Papers, Department of Economics, University of Massachusetts

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