Economics Department Working Paper Series
Working Paper Number
2011-22
Publication Date
2011
Abstract
The economic analysis of global warming is dominated by models based on optimal growth theory. These representative-agent models have an intrinsic distributional bias in favor of the rich. The bias is compounded by the se of revenue-neutrality in the allocation of emission permits. The result is mitigation recommendations that are biased downwards.
DOI
https://doi.org/10.7275/3317883
Recommended Citation
Skott, Peter and Davis, Leila, "Distributional biases in the analysis of climate change" (2011). Economics Department Working Paper Series. 130.
https://doi.org/10.7275/3317883