most citedTrends and biases in the social cost of carbon

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econ.GN2025★ 1 cited

The Effects of Climate and Weather on Economic Output: Evidence from Global Subnational Data

Jinchi Dong, Richard S. J. Tol, Jinnan Wang

Estimating the effects of climate on economic output is crucial for formulating climate policy, but current empirical findings remain ambiguous. Using annual panel model and panel…

econ.GN2025

The Weitzman Premium on the Social Cost of Carbon

Jinchi Dong, Richard S. J. Tol, Fangzhi Wang

Preference heterogeneity massively increases the social cost of carbon. We call this the Weitzman premium. Uncertainty about an exponential discount rate implies a hyperbolic disco…