Distributional biases in the analysis of climate change
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. JEL Categories: Q13, I3, E1
Suggested Citation
Peter Skott and Leila Davis. 2011. "Distributional biases in the analysis of climate change" Economics Department Working Paper Series
Available at: http://works.bepress.com/peter_skott/22