Non-cooperative and cooperative responses to climate catastrophes in the global economy: a North-South perspective
The optimal response to a potential productivity shock which becomes more imminent with global warming is to have carbon taxes to curb the risk of a calamity and to accumulate precautionary capital to facilitate smoothing of consumption. This paper investigates how differences between regions in ter...
| Main Authors: | , |
|---|---|
| Format: | Working paper |
| Published: |
University of Oxford
2014
|