Distributional biases in the analysis of climate change

Peter Skott and Leila Davis

Ecological Economics, 2013, vol. 85, issue C, 188-197

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.

Keywords: Representative agent; Welfare; Global warming; Inequality (search for similar items in EconPapers)
JEL-codes: E1 I3 Q13 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (3)

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Working Paper: Distributional biases in the analysis of climate change (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:85:y:2013:i:c:p:188-197

DOI: 10.1016/j.ecolecon.2012.06.014

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