Distributional biases in the analysis of climate change

Peter Skott; Leila Davis

doi:10.1016/j.ecolecon.2012.06.014

Distributional biases in the analysis of climate change

Peter Skott
, Leila Davis

Economics

University of Massachusetts

Research output: Contribution to journal › Article › peer-review

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 use of 'revenue-neutrality' in the allocation of emission permits. The result is mitigation recommendations that are biased downwards.

Original language	English
Pages (from-to)	188-197
Number of pages	10
Journal	Ecological Economics
Volume	85
DOIs	https://doi.org/10.1016/j.ecolecon.2012.06.014
State	Published - Jan 2013

ASJC Scopus Subject Areas

General Environmental Science
Economics and Econometrics

Keywords

Global warming
Inequality
Representative agent
Welfare

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10.1016/j.ecolecon.2012.06.014

Cite this

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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 use of 'revenue-neutrality' in the allocation of emission permits. The result is mitigation recommendations that are biased downwards.",

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AB - 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 use of 'revenue-neutrality' in the allocation of emission permits. The result is mitigation recommendations that are biased downwards.

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KW - Inequality

KW - Representative agent

KW - Welfare

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JO - Ecological Economics

JF - Ecological Economics

ER -

Distributional biases in the analysis of climate change

Abstract

ASJC Scopus Subject Areas

Keywords

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