Pricing carbon and adjusting capital to fend off climate catastrophes

The optimal reaction to a potential productivity shock as a consequence of climate tipping is to substantially tax carbon in order to curb the risk of tipping, but to adjust capital as well in order to smooth consumption when tipping occurs. We also allow for conventional marginal climate damages an...

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Bibliografische gegevens
Hoofdauteurs: van der Ploeg, F, de Zeeuw, A
Formaat: Journal article
Gepubliceerd in: Springer 2018

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