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来源类型Working Paper
规范类型报告
DOI10.3386/w22813
来源IDWorking Paper 22813
On a World Climate Assembly and the Social Cost of Carbon
Martin Weitzman
发表日期2016-11-14
出版年2016
语种英语
摘要This paper postulates the conceptually useful allegory of a futuristic “World Climate Assembly” (WCA) that votes for a single worldwide price on carbon emissions via the basic democratic principle of one-person one-vote majority rule. If this WCA framework can be accepted in the first place, then voting on a single internationally- binding minimum carbon price (the proceeds from which are domestically retained) tends to counter self-interest by incentivizing countries or agents to internalize the externality. I attempt to sketch out the sense in which each WCA-agent's extra cost from a higher emissions price is counter-balanced by that agent's extra benefit from inducing all other WCA-agents to simultaneously lower their emissions in response to the higher price. The first proposition of this paper derives a relatively simple formula relating each emitter's single-peaked most-preferred world price of carbon emissions to the world “Social Cost of Carbon” (SCC). The second and third propositions relate the WCA-voted world price of carbon to the world SCC. I argue that the WCA-voted price and the SCC are unlikely to differ sharply. Some implications are discussed. The overall methodology of the paper is a mixture of mostly classical with some behavioral economics.
主题International Economics ; Globalization and International Relations ; Public Economics ; Public Goods ; Other ; Law and Economics ; Environmental and Resource Economics ; Environment
URLhttps://www.nber.org/papers/w22813
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/580487
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GB/T 7714
Martin Weitzman. On a World Climate Assembly and the Social Cost of Carbon. 2016.
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