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| Author: | Stephan, G. Müller-Fürstenberger, G. |
| Title: | Discounting and the economic costs of altruism in greenhouse gas abatement |
| Journal: | Kyklos
1998 : VOL. 51:3. p. 321-338 |
| Index terms: | ALTRUISM CLIMATE ENVIRONMENT ENVIRONMENTAL ECONOMICS AIR POLLUTION |
| Language: | eng |
| Abstract: | This paper carries out a numerical thought experiment on greenhouse gas abatement. There are two states of the world: one in which climate policy is purely based on intrinsic motivation in the sense of intergenerational altruism; one in which agents distrust voluntary cooperation, but have agreed to provide an extrinsic stimulus for greenhouse gas abatement through a system of tradable carbon rights. The main results are mentioned in the paper. |
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