We analyze carbon dioxide emissions in a dynamic framework of conflicting claims problem (O’Neill in Math Soc Sci 2:345–371, 1982). We consider five allocation rules of the standard claims problem, taking a target carbon dioxide budget as an endowment to divide and the business-as-usual emissions of countries as a claims vector. The claims problem of one period is linked to another through economic growth, as an emission allocation affects the countries’ national income, which then affects their claims of the next period. We provide a numerical analysis of this framework to illustrate how an emission allocation influences economic growth cumulatively. By comparing the growth paths, we evaluate the allocation rules by means of convergence, equality, and efficiency criteria.
Bibliographical noteFunding Information:
This work was supported by Korea University Grant (K1809251). We are grateful to the editor and the two anonymous reviewers for helpful comments and suggestions. We thank William Thomson, Youngsub Chun, Myeonghwan Cho, and Suyi Kim for their valuable comments. Any errors that remain are our own responsibility.
© 2022, The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.
- CO emissions
- Claims problem
- Climate change policy
- GDP per capita
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)