Precautionary climate change policies and optimal redistribution
We analyse optimal carbon taxes, optimal redistribution within and between non-overlapping generations, and optimal spending levels on climate abatement and adaptation. A positive probability of unexpected large increases in CO2 emissions results in a lower discount rate for global warming damages....
| Egile Nagusiak: | , |
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| Formatua: | Working paper |
| Argitaratua: |
University of Oxford
2010
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