Negishi welfare weights in integrated assessment models: The mathematics of global inequality

Climatic Change

Volumn 107, Issue 3, 2011, Pages 417-432

  Stanton, Elizabeth A ^a  

^a STOCKHOLM ENVIRONMENT INSTITUTE   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

COURSE OF ACTION; CURRENT DISTRIBUTION; GLOBAL CLIMATES; GLOBAL WELFARE; INTEGRATED ASSESSMENT MODELS; MODEL RESULTS; POLICY IMPLICATIONS; WELFARE ECONOMICS;

ECONOMICS; PHILOSOPHICAL ASPECTS; PUBLIC POLICY;

CLIMATE MODELS;

DECISION MAKING; ENVIRONMENTAL POLICY; GLOBAL CLIMATE; GLOBAL ECONOMY; INCOME DISTRIBUTION; INTEGRATED APPROACH; NUMERICAL MODEL; POLICY IMPLEMENTATION; THEORETICAL STUDY; WELFARE ECONOMICS;

EID: 79960965848     PISSN: 01650009     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10584-010-9967-6     Document Type: Article

References (51)

1. Ackerman F (1997) Utility and welfare I: the history of economic thought. In: Ackerman F, Kiron D, Goodwin NR, Harris JM, Gallagher K (eds) Human well-being and economic goals. Island Press, Washington, DC.
2. Ackerman F, Heinzerling L (2004) Priceless: on knowing the price of everything and the value of nothing. The New Press, New York.
3. Ackerman F, DeCanio SJ, Howarth RB, Sheeran K (2009) Limitations of integrated assessment models of climate change. Clim Change 95(3-4): 297-315.
4. Anthoff D, Tol RSJ (2007) On international equity weights and national decision making on climate change. Milan, Fondazione Eni Enrico Mattei Working Papers. Available at: http://www. bepress. com/feem/paper65.
5. Arrow KJ (1950) A difficulty in the concept of social welfare. J Polit Econ 58(4): 328-346.
6. Arrow KJ, Debreu G (1954) Existence of an equilibrium for a competitive economy. Econometrica 22(3): 265-290.
7. Arrow KJ, Cline WR, Maler K-G, Munasinghe M, Squitieri R, Stiglitz JE (1996) Chapter 4-intertemporal equity, discounting, and economic efficiency. In: Bruce JP, Lee H, Haites EF (eds) Climate change 1995-economic and social dimensions of climate change. Contribution of working group III to the second assessment report of the IPCC. IPCC and Cambridge University Press, New York, pp 125-144.
8. Azar C (1999) Weight factors in cost-benefit analysis of climate change. Environ Resour Econ 13(3): 249-268.
9. Baer P, Templet P (2001) GLEAM: a simple model for the analysis of equity in policies to regulate greenhouse gas emissions through tradable permits. In: Munasinghe M, Sunkel O, de Miguel C (eds) The sustainability of long-term growth: socioeconomic and ecological perspectives. Edward Elgar Publishing, Cheltenham.
10. Baer P, Athanasiou T, Kartha S (2007), The right to development in a climate constrained world. Heinrich Böll Foundation, Berlin.
11. Baer P, Athanasiou T, Kartha S, Kemp-Benedict E (2008) The greenhouse development rights framework: the right to development in a climate constrained world. Publication Series on Ecology, Berlin, Heinrich Böll Foundation. Available at: http://www. ecoequity. org/docs/TheGDRsFramework. pdf.
12. Bentham J (1970 [1789]) Introduction to the principles of morals. London, Athlone.
13. Bosetti V, Carraro C, Galeotti M (2006) The dynamics of carbon and energy intensity in a model of endogenous technical change. Energy J, Endogenous Technological Change, Special Issue 1: 191-206.
14. 2 emissions: shifting international responsibilities for climate debt. Climate Policy 8: 569-576.
15. Cooter R, Rappoport P (1984) Were the ordinalists wrong about welfare economics? J Econ Lit XXII: 507-530.
16. DeCanio SJ (2009) The political economy of global carbon emissions reductions. Ecol Econ 68(3): 915-924.
17. Edenhofer O, Lessmann K, Bauer N (2006) Mitigation strategies and costs of climate protection: the effects of ETC in the hybrid model MIND. Energy J, Endogenous Technological Change, Special Issue 1: 207-222.
18. Edmonds J, Clarke L, Lurz J, Wise M (2008) Stabilizing CO2 concentrations with incomplete international cooperation. Climate Policy 8: 355-376.
19. Gerlagh R (2006) ITC in a global growth-climate model with CCS: the value of induced technical change for climate stabilization. Energy J, Endogenous Technological Change, Special Issue 1: 223-240.
20. Heyward M (2007) Equity and international climate change negotiations: a matter of perspective. Climate Policy 7: 518-534.
21. Hicks JR (1940) The valuation of the social income. Economica X: 105-124.
22. 2 from PAGE2002: an integrated assessment model incorporating the IPCC's five reasons for concern. Integr Assess J 6(1): 19-56.
23. Hope C (2008) Discount rates, equity weights and the social cost of carbon. Energy Econ 30(3): 1011-1019.
24. Kaldor N (1939) Welfare propositions of economics and interpersonal comparisons of utility. Econ J 49: 549-552.
25. Keller K, Yang Z, Hall M, Bradford DF (2003) Carbon dioxide sequestration: when and how much? Working Paper 94 Center for Economic Policy Studies, Princeton University.
26. Kemfert C, Tol RSJ (2002) Equity, international trade and climate policy. Int Environ Agreements 2(1): 23-48.
27. Klinsky S, Dowlatabadi H (2009) Conceptualizations of justice in climate policy. Climate Policy 9: 88-108.
28. Kok M, Metz B, Verhagen J, van Rooijen S (2008) Integrating development and climate policies: national and international benefits. Climate Policy 8: 103-118.
29. Kurosawa A (2004) Carbon concentration target and technological choice. Energy Econ 26: 675-684.
30. Kypreos S (2005) Modeling experience curves in MERGE (model for evaluating regional and global effects). Energy 30(14): 2721-2737.
31. Little I (1955) A critique of welfare economics. Clarendon Press, Oxford.
32. Manne AS (1999) Greenhouse gas abatement: toward Pareto-optimality in integrated assessment. In: Arrow KJ, Cottle RW, Eaves BC, Olkin I (eds) Education in a research university. Springer, Dordrecht.
33. Manne AS, Richels RG (2004) MERGE: an integrated assessment model for global climate change. http://www. standford. edu/group/MERGE/.
34. 2 reductions and economic impacts considering energy-saving investments. Energy J, Endogenous Technological Change, Special Issue 1: 175-190.
35. Negishi T (1972) General equilibrium theory and international trade. North-Holland Publishing Company, Amsterdam.
36. Nordhaus WD (2008) A question of balance: economic modeling of global warming. Yale University Press, New Haven.
37. Nordhaus WD, Yang Z (1996) A regional dynamic general-equilibrium model of alternative climate-change strategies. Am Econ Rev 86(4): 741-765.
38. Ott HE, Sterk W, Watanabe R (2008) The Bali roadmap: new horizons for global climate policy. Climate Policy 8: 91-95.
39. 2 emissions control agreements: incentives for regional participation. Energy J 20: 367-390 (special issue on the costs of the kyoto protocol: a multi-model evaluation).
40. Popp D (2006) Comparison of climate policies in the ENTICE-BR model. Energy J, Endogenous Technological Change, Special Issue 1: 163-174.
41. Ramsey FP (1928) A mathematical theory of saving. Econ J 138(152): 543-59.
42. Robbins L (1984 [1932]) Essay on the nature and significance of economic science, Houndmills, UK, Palgrave Macmillan.
43. Rutherford TF (1999) Sequential joint maximization. In: Weyant J (ed) Energy and environmental policy modeling. Springer, New York, pp 139-156.
44. Samuelson P (1956) Social indifference curves. Q J Econ 70(1): 1-22.
45. Sen A (1987) On ethics and economics. Blackwell, New York.
46. Sen A (2000) The discipline of cost-benefit analysis. J Legal Stud 29(2): 931-952.
47. Stanton EA, Ackerman F, Kartha S (2009) Inside the integrated assessment models: four issues in climate economics. Climate and Development 1. 2.
48. Stern N (2006) the stern review: The economics of climate change, London. Available at: http://www. hm-treasury. gov. uk/stern_review_report. htm.
49. Tol RSJ (1999) Kyoto, efficiency, and cost effectiveness: applications of FUND. Energy J 20: Special Issue: The Coast of the Kyoto Protocol: A Multi-Model Evaluation, 131-156.
50. Tol RSJ (2001) Equitable cost-benefit analysis of climate change policies. Ecol Econ 36(1): 71-85.
51. Yang Z, Nordhaus WD (2006) Magnitude and direction of technological transfers for mitigating GHG emissions. Energy Econ 28: 730-741.