Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/64174
Authors: 
Skott, Peter
Davis, Leila
Year of Publication: 
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

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