30 Jun Equity Effects of Alternative Assignments of Global Environmental Rights
"Equity Effects of Alternative Assignments of Global Environmental Rights" (with Paul Niemann) Ecological Economics 56, 2006
Abstract
Through a thought experiment in which members of different generations trade with each other in a virtual market, we examine the effects of alternative assignments of global environmental rights on prices, interest rates, and the global distribution of income. The model is "semi-calibrated" to current and projected levels of the output...