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In practice, this was a small missile that caused only marginal damage to a building.
Anthoff, D., Hepburn, C. & Tol, R. S. J. Equity weighting and the marginal damage costs of climate change.
But since he's going to endure them sooner or later, there is little marginal damage from them coming now.
Under asymmetric information, we derive necessary conditions for the marginal damage trading ratios to be optimal, illustrate that the marginal damage trading ratios are generally not optimal, and show how to improve efficiency using optimal trading ratios.
Google would be able to claim a principled stand on free speech and human rights while suffering only marginal damage to its business in China.
Due to its built-in price quantity structure, the scheme performs as designed regardless of the elasticities of marginal damage and demand functions.
Similar(35)
The marginal damages due to temperature increase rise rapidly.
Higher levels are worse, that's clear, and there are probably increasing marginal damages at those higher levels.
Under full-information, it is optimal for emissions to exchange according to the ratio of marginal damages.
Such a price would balance the marginal damages from carbon emissions against the marginal costs of abating emissions; it should not contain a correction factor for inducing technological change.
Assuming constant marginal damages from fuel consumption, an application of Weitzman (1974) implies that a fixed fuel economy standard reduces expected welfare relative to a "price" policy such as a feebate or, equivalently, a fuel economy standard that is indexed to the price of gasoline.
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CEO of Professional Science Editing for Scientists @ prosciediting.com