Modelling preferences in economics
This thesis considers the economics of preferences in two different contexts.
First it examines damages from climate change. I argue that our ignorance of the welfare implications of higher levels of warming, as well as scientific uncertainty in precisely what might trigger these scenarios, imply that our tastes and beliefs are incomplete (in the sense of Galaabaatar and Karni, 2013). That is, there are many 'plausible' ways to evaluate a given scenario.
In Chapter...Expand abstract
(Dissemination version, pdf, 6.3MB)
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- University of Oxford
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- Baldwin, E
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