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  • Cameron Hepburn, Michael Grubb, Karsten Neuhoff, Felix Matthes, Maximilien Tse
  • 2006
CWPE 0644 and EPRG 0621 These working papers present preliminary research findings, and you are advised to cite with caution unless you first contact the author regarding possible amendments. Abstract The European Directive on the EU ETS allows governments to auction up to 10% of the allowances issued in Phase II 2008‐2012, without constraints specified(More)
Climate change would impact different countries differently, and different countries have different levels of development. Equity-weighted estimates of the (marginal) impact of greenhouse gas emissions reflect these differences. Equity-weighted estimates of the marginal damage cost of carbon dioxide emissions are substantially higher than estimates without(More)
3 The contents of this paper are the authors' sole responsibility. They do not necessarily represent the views of the Oxford Institute for Energy Studies or any of its Members This publication is made available subject to the condition that it shall not, by way of trade or otherwise, be lent, resold, hired out, or otherwise circulated without the(More)
Science in 2008 to advance public and private action on climate change through innovative, rigorous research. The Centre is funded by the UK Economic and Social Research Council and has five inter-linked research programmes: 1. Developing climate science and economics 2. Climate change governance for a new global deal 3. Adaptation to climate change and(More)
The last few years have witnessed important advances in our understanding of time preference and social discounting. In particular, several rationales for the use of time-varying social discount rates have emerged. These rationales range from the ad hoc to the formal, with some founded solely in economic theory while others reflect principles of(More)
The perplexing issue of discounting Prescriptive economics requires that, unless there are very good reasons to the contrary, economic policy should be based on the principle that indi-viduals' preferences should count. Indeed, the entire body of 'welfare eco-nomics' centres round the formal identity of the statement " X prefers A to B " and the statement "(More)
  • John Llewellyn, Michael Dicks, Michael Hume, Alan Castle, Phyllis Papadavid, Vicki Arroyo +18 others
  • 2007
(" LBIS "). Where this material is distributed by LBIS, please note that it is intended for general circulation only and the recommendations contained herein do not take into account the specific investment objectives, financial situation or particular needs of any particular person. An investor should consult his Lehman Brothers' representative regarding(More)
  • Cameron Hepburn, Alex Bowen, Simon Baptist, Sam Fankhauser, Mattia Romani, Hyunjin Kim +5 others
  • 2012
Science in 2008 to advance public and private action on climate change through innovative, rigorous research. The Centre is funded by the UK Economic and Social Research Council and has five inter-linked research programmes: 1. Developing climate science and economics 2. Climate change governance for a new global deal 3. Adaptation to climate change and(More)
Farming of animals and plants has recently been considered not merely as a more efficient and plentiful supply of their products but also as a means of protecting wild populations from that trade. Amongst these nascent farming products might be listed bear bile. Bear bile has been exploited by traditional Chinese medicinalists for millennia. Since the 1980s(More)