2 papers
econ.GN2023
Endogenous preference for non-market goods in carbon abatement decision
Fangzhi Wang, Hua Liao, Richard S. J. Tol +1
Carbon abatement decisions are usually based on the implausible assumption of constant social preference. This paper focuses on a specific case of market and non-market goods, and…
econ.TH2023
Baumol's Climate Disease
Fangzhi Wang, Hua Liao, Richard S. J. Tol
We investigate optimal carbon abatement in a dynamic general equilibrium climate-economy model with endogenous structural change. By differentiating the production of investment fr…