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...
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| Materialtyp: | Working paper |
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University of Oxford
2014
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