Economic growth and the social cost of carbon: additive versus multiplicative damages
In a calibrated integrated assessment model of Ramsey growth and climate change in the global economy we investigate the differential impact of additive and multiplicative global warming damages for both a socially optimal and business-as-usual scenario. Fossil fuel is available at a cost which rise...
| Main Authors: | , , |
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| Format: | Working paper |
| Izdano: |
University of Oxford
2012
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