Author: Stephen DeCanio

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10 Aug

Posted at 10:30h in Selected Articles by




Ecological Economics 201 (November 2022)

(with Charles F. Manski and Alan H. Sanstad)

https://authors.elsevier.com/sd/article/S0921-8009(22)00214-2
Abstract

Integrated assessment models have become the primary tools for comparing climate policies aimed at reducing greenhouse gas emissions. Such policies have often been identified by considering a planner who seeks to make optimal trade-offs between the...

13 Jul

Posted at 19:57h in Selected Articles by

SN Business and Economics (2022) 2:92

https://doi.org/10.1007/s43546-022-00260-z

Abstract
The “efficiency-distribution” model introduced by Houthakker in 1955 offers a flexible approach to production theory that does not require the measurement of capital and other fixed assets. Thus it avoids the theoretical problems associated with the Cambridge controversies and with Franklin Fisher’s critiques of aggregation. The efficiency distribution model can be empirically implemented using only observed productivity distributions and...