Climate change and psychological adaptation: A behavioral environmental economics approach

Thomas Aronsson and Ronnie Schöb
Authors registered in the RePEc Author Service: Ronnie Schoeb

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2018, vol. 74, issue C, 79-84

Abstract: Economic models of climate policy (or policies to combat other environmental problems) typically neglect psychological adaptation to changing life circumstances. People may adapt, to different degrees, to a deteriorated environment. The present paper addresses these issues in a model of optimal tax policy to combat climate change and discusses the consequences for optimal climate policies. Furthermore, from a normative-methodological point of view, we argue that psychological adaptation needs to be taken into account even by a pure welfarist policy maker, who aims at internalizing an intertemporal externality.

Keywords: Behavioral environmental economics; Climate change; Intertemporal externalities; Adaptation; Taxation (search for similar items in EconPapers)
JEL-codes: D03 D61 D91 H21 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Working Paper: Climate Change and Psychological Adaptation: A Behavioral Environmental Economics Approach (2014)
Working Paper: Climate Change and Psychological Adaptation: A Behavioral Environmental Economics Approach (2014)
Working Paper: Climate Change and Psychological Adaptation: A Behavioral Environmental Economics Approach (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:74:y:2018:i:c:p:79-84

DOI: 10.1016/j.socec.2018.03.005

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