Browsing by Author "Weitzman, Martin"
Now showing items 21-25 of 25
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Some Dynamic Economic Consequences of the Climate-Sensitivity Inference Dilemma
Weitzman, Martin L. (Edward Elgar, 2010) -
Tail-Hedge Discounting and the Social Cost of Carbon
Weitzman, Martin L. (American Economic Association, 2013)The choice of an overall discount rate for climate change investments depends critically on how different components of investment payoffs are discounted at differing rates reflecting their underlying risk characteristics. ... -
A Voting Architecture for the Governance of Free-Driver Externalities, with Application to Geoengineering
Weitzman, Martin L. (Wiley-Blackwell, 2015-07-15)Abating climate change is an enormous international public goods problem with a classical "free rider" structure. But it is also a global "free driver" problem because geoengineering the stratosphere with reflective particles ... -
Voting on Prices vs. Voting on Quantities in a World Climate Assembly
Weitzman, Martin L. (2015)This paper posits the conceptually useful allegory of a futuristic "World Climate Assembly" that votes on global carbon emissions via the basic principle of majority rule. Two variants are considered. One is to vote on a ... -
What Is the "Damages Function" for Global Warming — And What Difference Might It Make?
Weitzman, Martin L. (World Scientific Pub Co Pte Lt, 2010)The existing literature on climate change offers little guidance on why one specification or another of a "damages function" has been selected. Ideally, one wants a functional form that captures reality adequately, yet is ...