Intergenerational inequality aversion, growth, and the role of damages: Occam’s rule for the global carbon tax
We derive a simple rule for a nearly optimal carbon tax that can be implemented and tested in a decentralized market economy. Our simple rule depends on the effect of the pure rate of time preference, growth, and intergenerational inequality aversion and basic parameters of the carbon cycle, but als...
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| Format: | Journal article |
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University of Chicago Press Journals
2016
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