Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 01:52:34am WEST
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Daily Overview |
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Valuing Health and Mortality Location: D-105 Session Chair: Thi Hoang Hieu Nguyen, CERGE-EI | |
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Valuing Excess Deaths caused by Climate Change 1: Bentley University; 2: Columbia University Valuing climate-related mortality in Benefit-Cost Analysis is both controversial and central to the social cost of carbon. This paper examines the ethical and theoretical foundations of alternative BCA approaches applied to climate change. We show that the pure Kaldor–Hicks approach – unadjusted for diminishing marginal utility and valuing premature deaths in rich areas more than poor areas – rests on assumptions that do not hold globally and is equivalent to a Negishi-weighted social welfare function. Moreover, when costs are measured in purchasing-power-adjusted terms, the potential compensation criterion may fail. We argue that welfare-weighted BCA is the first-best approach, as it accounts for diminishing marginal utility across all costs and better reflects social welfare considerations. | |