Extensions and alternatives to climate change impact valuation: On the critique of IPCC Working Group III's impact estimates

Fankhauser, Samuel, Tol, Richard S J and Pearce, David W (1998) Extensions and alternatives to climate change impact valuation: On the critique of IPCC Working Group III's impact estimates. Environment and Development Economics, 3 (1). pp. 59-81. ISSN 1355-770X

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Abstract

The paper discusses valuation issues in the context of climate change impact estimation. Issues addressed are aggregation of damage costs over diverse regions (particularly equity-weighting), differentiation of per-unit values, willingness to pay versus willingness to accept compensation as a basis for valuation, and accountability for impacts. Numerical illustrations show that the damage cost estimates are quite sensitive to the assumptions made on these issues.

Item Type: Article
Schools and Departments: School of Business, Management and Economics > Economics
Subjects: H Social Sciences > HB Economic theory. Demography
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Depositing User: Richard Tol
Date Deposited: 23 Apr 2012 09:50
Last Modified: 30 Nov 2012 17:12
URI: http://sro.sussex.ac.uk/id/eprint/38399
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