When externalities collide: influenza and pollution

Working paper by Joshua Graff Zivin, Matthew Neidell, Nicholas Sanders on 28 Jun 2021

Influenza, or flu, and air pollution are significant public health risks that impact nations around the world with large economic consequences.

Induced innovation and international environmental agreements: evidence from the ozone regime

Working paper by Eugenie Dugoua on 14 Jun 2021

This paper provides evidence that the Montreal Protocol’s restrictions on CFCs triggered a substantial increase in research and innovation on alternatives to ozone-depleting molecules and suggests such international environmental agreements can dynamically improve the benefit-cost equation of environmental protection and may therefore also be useful to dealing with current problems such as climate change.

Social discounting and the equity premium

Working paper by Michael Spackman on 28 Apr 2021

This paper assembles a picture of the evolving research on and understanding of the equity premium and the issues it covers reinforce other arguments for discounting over time at a social time preference rate in climate change analysis.

Social discounting and the cost of public funding in practice

Working paper by Michael Spackman on 28 Apr 2021

This paper is a contribution to the understanding and development of social discounting regimes. It addresses three implications of how public funding differs from private financing by debt and equity, then examines US Federal and United Kingdom central government conventions, and also illustrates the difficulties of establishing and maintaining analytically rigorous social discounting procedures in practice.