A Pareto-improving linear tax on cumulative emissions with optimal transfers yields a 0.42% aggregate welfare gain in a stochastic OLG climate model, and more complex taxes add only 0.03 percentage points.
The social cost of carbon with economic and climate risks
1 Pith paper cite this work. Polarity classification is still indexing.
1
Pith paper citing it
fields
econ.GN 1years
2025 1verdicts
CONDITIONAL 1representative citing papers
citing papers explorer
-
Using Machine Learning to Compute Constrained Optimal Carbon Tax Rules
A Pareto-improving linear tax on cumulative emissions with optimal transfers yields a 0.42% aggregate welfare gain in a stochastic OLG climate model, and more complex taxes add only 0.03 percentage points.