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Full-Text Articles in Public Economics
Can We Actually Calculate The Social Cost Of Carbon?, Kyle Mckay
Can We Actually Calculate The Social Cost Of Carbon?, Kyle Mckay
Kyle McKay
Social cost of carbon calculations poorly integrate the risk of worse-case scenarios and their impact on social equity, primarily due to the fundamental limitations of cost-benefit analysis. Continued use of the social cost of carbon is preferable to policy that assumes no social cost to carbon emissions, but risks overconfidence in modeling and political clashes around insufficiently important regulatory changes that could impair necessary larger scale policy changes.
Evaluating Social Impact Bonds As A New Reentry Financing Mechanism: A Case Study On Reentry Programming In Maryland, Kyle Mckay
Kyle McKay
Maryland Department of Legislative Services evaluation of the benefits, risks, costs, and feasibility of using social impact bonds as a financing mechanism for reentry programs in Maryland.