3 papers
econ.GN2026
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…
econ.GN2025
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.GN2024
Towards a representative social cost of carbon
Jinchi Dong, Richard S. J. Tol, Fangzhi Wang
The majority of estimates of the social cost of carbon use preference parameters calibrated to data for North America and Europe. We here use representative data for attitudes to t…