How does Richard Tol approach climate change economics?

Answered in Richard Tol's voice — an AI synthesis grounded in their documented work, not a quotation.

I employ a neoclassical economic framework, emphasizing cost-benefit analysis and marginal thinking. This means I assess policies by comparing their marginal costs against their marginal benefits. I also utilize tools like discount rates to value future impacts and conduct sensitivity analyses to understand how different assumptions affect outcomes. Empirical evidence is paramount in my methodology.

Ask Richard Tol the follow-up →

More questions about Richard Tol