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North-south trade and the global environment

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G Chichilnisky - The American Economic Review, 1994 - JSTOR
Differences in property rights create a motive for trade among otherwise identical regions.
Two regions with identical technologies, endowments, and preferences will trade if one, the
South, has ill-defined property rights on environmental resources. Trade with a region with ...
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An axiomatic approach to sustainable development

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G Chichilnisky - Social Choice and welfare, 1996 - Springer
Abstract. The paper proposes two axioms that capture the idea of sustainable development and
derives the welfare criterion that they imply. The axioms require that neither the present nor the
future should play a dictatorial role. Theorem 1 shows there exist sustainable ...
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[PDF] Economic returns from the biosphere

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G Chichilnisky… - NATURE-LONDON-, 1998 - ecotips.com.mx
To address its water problem (see above), New York City has floated an 'environmental
bond issue', and will use the proceeds to restore the functioning of the watershed
ecosystems responsible for water purification. The cost of the bond issue will be met by ...
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Global environmental risks

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G Chichilnisky… - The Journal of Economic Perspectives, 1993 - JSTOR
M wr anaging climate risk is not a new activity. In medieval England, a peasant farmer's land
was broken into many widely-dispersed parcels. Economic historians interpret this as a way
of hedging climate risk (see references in Bromley, 1992). Land in different loc4tions ...
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What is sustainable development

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G Chichilnisky - 2009 - papers.ssrn.com
Abstract: This paper introduces two axioms that capture the idea of sustainable
development, and characterizes the welfare criterion that they imply. The axioms require that
neither the present nor the fixture should play a dictatorial role in society" s choices over ...
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Who should abate carbon emissions?* 1:: An international viewpoint

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G Chichilnisky… - Economics Letters, 1994 - Elsevier
Abstract We review the optimal pattern of carbon emission abatements across countries in a
simple multi-country world. We model explicitly (with the model in Chichilnisky, 1993b) the
fact that the atmosphere is a public good. Within this framework we establish conditions for ...
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Necessary and sufficient conditions for a resolution of the social choice paradox

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G Chichilnisky… - Journal of Economic Theory, 1983 - Elsevier
Abstract We present a restriction on the domain of individual preferences that is both
necessary and sufficient for the existence of a social choice rule that is continuous,
anonymous, and respects unanimity. The restriction is that the space of preferences be ...
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Terms of trade and domestic distribution:: Export-led growth with abundant labour

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G Chichilnisky - Journal of Development Economics, 1981 - Elsevier
Abstract A general equilibrium macro model is constructed to explore effects of export-led
growth policies on the terms of trade and the domestic distribution of a developing region
with abundant labour. This region, the South, trades with another, the North; they have ...
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Basic goods, the effects of commodity transfers and the international economic order

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G Chichilnisky - Journal of Development Economics, 1980 - Elsevier
Abstract A two good, two region and three income group macro model is constructed to
explore possible effects of aid on distribution of welfare. One region, the North, has two
income groups characterized by different endowments and proportions of consumption of ...
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An axiomatic approach to choice under uncertainty with catastrophic risks

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G Chichilnisky - Resource and Energy Economics, 2000 - Elsevier
This paper analyses decision under uncertainty with catastrophic risks, and is motivated by
problems emerging from global environmental risks. These are typically low-probability
events with major irreversible consequences. For such risks, the Von Neumann– ...
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Individual risk and mutual insurance

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D Cass, G Chichilnisky… - Econometrica: Journal of the Econometric …, 1996 - JSTOR
This paper examines how, in the presence of individual risk, economic efficiency can be
achieved without an unrealistically large number of contingent claims. Market uncertainty is
specified in such a way that general types of individual risk and collective risk are properly ...
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Social aggregation rules and continuity

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G Chichilnisky - The Quarterly Journal of Economics, 1982 - qje.oxfordjournals.org
Abstract It is shown that any continuous social aggregation rule for smooth preferences
cannot simultaneously satisfy the properties of anonymity and respect of unanimity. This is
true even when all individual preferences are linear. The relationship between the ...
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North-South trade and the dynamics of renewable resources

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G Chichilnisky - Structural Change and Economic Dynamics, 1993 - Elsevier
Abstract This paper studies a general equilibrium North-South economy consisting of two
countries which produce and trade two goods using two inputs of production. It extends the
North-South trade model of Chichilnisky (1981, 1986) by assuming that one input of ...
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The green golden rule

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G Chichilnisky, G Heal… - Economics Letters, 1995 - Elsevier
We introduce a growth model with environmental assets as a source of utility and an input to
consumption and production. In this model we develop the Green Golden Rule, a
generalization of the golden rule of neoclassical growth theory. We apply this to the case ...
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Sustainable growth and the green golden rule

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A Beltratti, G Chichilnisky… - 1993 - nber.org
We study a growth model with an environmental asset which is a source of utility and an
input to consumption and production. The stock of this asset follows its own ecological
dynamics, which are affected by economic activity. We study the implications of an ...
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[BOOK] Environmental markets: Equity and efficiency

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G Chichilnisky… - 2000 - books.google.com
Markets are increasingly central to the resolution of environmental problems. They played a
critical role in implementing the 1990 Clean Air Act of the United States, which has been
instrumental in reducing acid rain in a cost-effective manner. They are also central to the ...
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[BOOK] The evolving international economy

G Chichilnisky… - 1986 - books.google.com
This book focuses on the main issues of trade and development, and on the attainment of
the major development goals generally espoused in the international community: rapid
development in the Third World, sustained economic expansion in the industrial countries ...
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Limited arbitrage is necessary and sufficient for the existence of a competitive equilibrium with or without short sales

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G Chichilnisky - Economic Theory, 1995 - Springer
Summary A condition oflimited arbitrage is defined on the endowments and the preferences
of the traders in an Arrow-Debreu economy. Theorem 1 establishes thatlimited arbitrage is
necessary and sufficient for the existence of a competitive equilibrium in markets with or ...
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[CITATION] Global Environment and North-South Trade

G Chichilnisky - Working Papers, 1993 - econpapers.repec.org
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. ...
Related works: Working Paper: Global Environment and North-South Trade (1991) This item
may be available elsewhere in EconPapers: Search for items with the same title.
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[CITATION] The green golden rule

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A Beltratti, G Chichilnisky… - Economics Letters, 1995
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Social diversity, arbitrage, and gains from trade: A unified perspective on resource allocation

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G Chichilnisky - The American Economic Review, 1994 - JSTOR
People trade because they are different. Gains from trade and the scope for mutually
advantageous reallocation depend naturally on the diversity of the traders' preferences and
endowments. The market owes its existence to the diversity of those who make up the ...
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Development and global finance: the case for an international bank for environmental settlements

G Chichilnisky - 1997 - papers.ssrn.com
Abstract: The approach suggested here was proposed by the author during discussions with
members of (a) the Intergovernmental Negotiating Committee (INC) of the United Nations
Framework Convention on Climate Change (FCCC),(b) the United States Council of ...
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The knowledge revolution

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G Chichilnisky - Journal of International Trade & Economic …, 1998 - Taylor & Francis
We are on the threshold of a truly revolutionary era of discovery-ranging from the origins of
the universe to new states of matter and microscopic machines, from a new understanding of
the oceans and of the biological connections across the Earth's species to the functioning ...
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On fixed point theorems and social choice paradoxes

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G Chichilnisky - Economics Letters, 1979 - Elsevier
Abstract This note explores the relationship of social choice paradoxes to fixed point
theorems. A special case of the paradox proven in Chichilnsky (forthcoming), the non-
existence of a continuous anonymous rule that respects anonymity with two voters and ...
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[CITATION] Oil and the international economy

GM Heal… - 1991 - getcited.org
An academic directory and search engine.
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[CITATION] Sustainability: Dynamics and uncertainty

G Chichilnisky, GM Heal… - 1998 - Kluwer Academic Pub
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[CITATION] Catastrophe or new society? a Latin America world model

AO Herrera, HD Scolnik, G Chichilnisky… - 1976 - bases.bireme.br
Base de dados : REPIDISCA. Pesquisa : 157486 [Identificador único]. Referências
encontradas : 1 [refinar]. Mostrando: 1 .. 1 no formato [Detalhado]. página 1 de 1, 1 /
1, REPIDISCA, seleciona. para imprimir. Id: 157486. Autor: Herrera ...
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Competitive equilibrium in Sobolev spaces without bounds on short sales

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G Chichilnisky - 2009 - papers.ssrn.com
Abstract: Following Chichilnisky and Chichilnisky-Kalman we establish existence and
optimality of competitive equilibrium when commodity spaces are infinite dimensional
Sobolev spaces, including Hilbert spaces such as weighted L2 which have Linf as dense ...
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[PDF] A unified perspective on resource allocation: limited arbitrage is necessary and sufficient for the existence of a competitive equilibrium, the core and social …

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G Chichilnisky - Fields Institute Communications, 1999 - pir.org
Abstract. Different forms of resource allocation-by markets, cooperative games, and by social
choice are unified by one condition, limited arbitrage, which is defined on the endowments
and the preferences of the traders of an Arrow Debreu economy. Limited arbitrage is ...
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[CITATION] The Walrasian mechanism from equal division is not monotonic with respect to variations in the number of consumers

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G Chichilnisky… - Journal of Public Economics, 1987 - econpapers.repec.org
By Graciela Chichilnisky and William Thomson; The walrasian mechanism from equal division
is not monotonic with respect to variations in the number of consumers. ...
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The topology of fear

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G Chichilnisky - Journal of Mathematical Economics, 2009 - Elsevier
For many years experimental observations have raised questions about the rationality of
economic agents—for example, the Allais Paradox or the Equity Premium Puzzle. The
problem is a narrow notion of rationality that disregards fear. This article extends the ...
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On strategic control

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G Chichilnisky - Quarterly Journal of Economics, 1993, 1993 - papers.ssrn.com
Abstract: The purpose of this note is to clarify and complement several comments on my
work [Chichilnisky, 1980, 1982a], which appeared in this Journal: Baigent [1987], Nitzan
[1989], and Baigent [1989]. I shall offer two new results. The first result constructs a ...
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Managing unknown risks

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G Chichilnisky… - The Journal of Portfolio Management, 1998 - iijournals.com
Columbia University in New York (10027). t has been said that insurance is the last of the
financial services to accept radical change (Denney [1995-19961). Yet there has been a
fundamental shft in the geographic location and in the organization of the reinsurance ...
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Equity and efficiency in environmental markets: global trade in carbon dioxide emissions

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G Chichilnisky, G Heal… - … markets: equity and …, 2000 - books.google.com
This chapter addresses a topical issue: the creation of a global market for carbon dioxide
(CO2) emission permits. 1 The recent adoption in the Kyoto Protocol of an ambitious target
for global CO2 emission has focused attention on policy instruments for achieving this ...
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Uncertain future preferences and conservation

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G Chichilnisky, A Beltratti… - with A. Beltratti and GM Heal, 1998 - papers.ssrn.com
Abstract: An important problem in environmental economics arises from the irreversibility of
consuming or destroying certain-resources. Extractive resources like oil are a clear example.
Even for environmental resources the same seems to be true in a number of important ...
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Markets for tradeable CO2 emission quotas principles and practice

G Chichilnisky… - 1995 - ideas.repec.org
< P> This paper reviews a range of issues relating to tradeable carbon dioxide quotas. It
considers the economic principles on which they are based, compares them with alternative
carbon abatement policies, and reviews many aspects of how tradeable quotas would be ...
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Sustainable use of renewable resources

A Beltratti, G Chichilnisky… - 1996 - papers.ssrn.com
Abstract: We study paths which involve optimal use of a renewable resource under several
alternative definitions of optimality, including the discounted utilitarian, Chichilnisky's, the
Rawlsian and the green golden rule. Initially we consider an economy where the only ...
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Social choice with infinite populations: construction of a rule and impossibility results

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G Chichilnisky… - Social Choice and Welfare, 1997 - Springer
Abstract. We provide a simple construction of social choice rules for economies with infinite
populations. The rules are continuous, Pareto and non-dictatorial; they are constructed as
limits of individual preferences when the limit exists, and otherwise as adequate ...
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A general equilibrium theory of north-south trade

G Chichilnisky - 1986 - papers.ssrn.com
Abstract: This chapter presents an application of competitive general equilibrium theory of
markets in the spirit of Walras, formalized in the 1950s by K. Arrow and by G. Debreu. ln
using general equilibrium theory to generate insights into current policy issues, it follows a ...
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[BOOK] International emission permits: equity and efficiency

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G Chichilnisky, GM Heal… - 1993 - academiccommons.columbia.edu
ABSTRACT. Not all possible distributions of a given total of emission permits are compatible
with the attainment of first-best Pareto efficiency. In fact, of the infinitely many ways of
distributing a given total of permits between a fixed number of parties, only a finite number ...
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The transfer problem with three agents once again* 1:: Characterization, uniqueness and stability

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G Chichilnisky - Journal of Development Economics, 1983 - Elsevier
Abstract An earlier paper in this Journal [Chichilnisky (1980)] gave for the first time sufficient
conditions for the transfer paradox to occur in 3-agent economies, with stable markets. This
paper comments on several other papers written about these results, and extends the ...
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Structural instability of decisive majority rules

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G Chichilnisky - Journal of Mathematical Economics, 1982 - Elsevier
Abstract We study social aggregation rules that satisfy a Pareto and a decisive majority
condition. A rule satisfies the decisive majority condition if whenever the voters can be
divided into two internally homogeneous groups (ie groups within which all individuals ...
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The costs and benefits of benefit-cost analysis

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G Chichilnisky - Environment and Development Economics, 1997 - papers.ssrn.com
Abstract: Among the tools of the economic trade, cost-benefit analysis is the most widely
used in policy circles. Asking whether there is a role for cost-benefit analysis is like asking
whether there is a role for the weatherman. Of course there is.
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Social Choice and Game Theory: Recent Result from a Topologic Approach

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G Chichilnisky - 2009 - papers.ssrn.com
Abstract: This chapter presents a summary of recent results obtained in game and social
choice theories, and highlights the application and the development of tools in algebraic
topology. The purpose is expository: no attempt is made to provide complete proofs, for ...
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The foundations of statistics with black swans

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G Chichilnisky - Mathematical Social Sciences, 2010 - Elsevier
We extend the foundation of statistics to integrate rare events that are potentially
catastrophic, called black swans. These include natural hazards, regime change in complex
systems, market crashes, catastrophic climate change and major episodes of species ...
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Agriculture and the rest of the economy: macroconnections and policy restraints

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G Chichilnisky… - American Journal of Agricultural …, 1980 - ajae.oxfordjournals.org
The economic relationships between the agricultural and nonagricultural sectors have long
been scrutinized, with a number of key linkages singled out investment requirements and
the macroadjustments between the two sectors that permit savings to come forth; ...
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Continuous representation of preferences

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G Chichilnisky - The Review of Economic Studies, 1980 - JSTOR
The problem of constructing a representation of preferences appears when it is needed to
assign utility functions to preferences in a well-defined way, since in general many utilities
will represent the same preference. In models where the preferences of the agents vary, ...
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Smooth infinite economies

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G Chichilnisky… - Journal of Mathematical Economics, 1998 - Elsevier
Equilibrium conditions in smooth infinite economies with separable utilities are described by
Fredholm maps, which are Frechet differentiable. Therefore, Smale's extension of Sard's
theorem can be used to study infinite economies. We study structural stability and local ...
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Existence and characterization of optimal growth paths including models with non-convexities in utilities and technologies

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G Chichilnisky - The Review of Economic Studies, 1981 - JSTOR
This paper is concerned with the existence and characterization of optimal growth paths in
continuous time infinite horizon problems, and brings to bear on these issues mathematical
techniques presented by the author in Chichilnisky (1977). These techniques, non-linear ...
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[CITATION] Global environment and North-South trade

G Chichilnisky - Discussion Papers, 1991 - econpapers.repec.org
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. ...
Related works: Working Paper: Global Environment and North-South Trade (1993) This item
may be available elsewhere in EconPapers: Search for items with the same title.
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Who should abate carbon emissions? An international viewpoint

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G Chichilnisky… - 1993 - nber.org
We review the optimal pattern of carbon emission abatements across countries in a simple
multi-country world. We model explicitly the fact that the atmosphere is a public good. Within
this framework we establish conditions for it to be necessary for optimality that the ...
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Existence and optimality of a general equilibrium with endogenous uncertainty

G Chichilnisky - 1999 - papers.ssrn.com
Abstract: Kenneth Arrow once said that uncertainty about prices may be the most important
form of economic uncertainty. Yet tI1e treatment of uncertainty in Arrow-Debreu markets
reflects only nature's moves. It therefore neglects price uncertainty, because prices ...
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Limited arbitrage in necessary and sufficient for the non-emptiness of the core

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G Chichilnisky - Economics Letters, 1996 - Elsevier
A close connection is drawn between the non-emptiness of the core and limited arbitrage, a
condition originally defined on the preferences and endowments of the traders of an Arrow-
Debreu economy in Chichilnisky (1992, 1993b, 1994, 1995a, b). This condition limits the ...
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North-South trade and exported-led policies

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G Chichilnisky - Journal of Development Economics, 1984 - Elsevier
Abstract An earlier paper in this Journal [Chichilnisky (1981)] formulated a model of North–
South trade where the South exports a labor-intensive commodity in exchange for industrial
goods. The paper studied moves to new equilibria with higher levels of exports of the ...
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[CITATION] Incentive compatibility and local simplicity

G Chichilnisky… - University of Essex (Working Paper), 1981
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[CITATION] Growth of the North and Growth of the South: Some Results on Export Led Policies

G Chichilnisky… - 1978 - Harvard Institute for International …
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[BOOK] Saving Kyoto

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G Chichilnisky… - 2009 - globalization-and-its-risks. …
'Timely', this is the word that immediately crossed my mind when I read Graciela's and
Kristen's call to 'save Kyoto'. The international community is at this time facing a moment of
truth because the additional greenhouse gases accumulated in the atmosphere since the ...
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General equilibrium with endogenous uncertainty and default

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G Chichilnisky… - Journal of Mathematical Economics, 2006 - Elsevier
We study the introduction of new assets that are defined in expected values rather than state
by state. Individual default emerges naturally in an economy where such assets are
introduced without completing all contingency markets. We further provide conditions ...
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[BOOK] Markets, Arbitrage and Social Choices

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G Chichilnisky… - 1993 - academiccommons.columbia.edu
Abstract The paper establishes a clear connection between equilibrium theory and social
choice theory by showing that, for a well defined social choice problem, the conditions which
are necessary and sufficient to solve this problem are the same as the conditions which ...
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Market arbitrage, social choice and the core

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G Chichilnisky - Social Choice and Welfare, 1997 - Springer
Abstract. This paper establishes a clear connection between equilibrium theory, game
theory and social choice theory by showing that, for a well defined social choice problem, a
condition which is necessary and sufficient to solve this problem–limited arbitrage–is the ...
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Comparative statics of less neoclassical agents

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G Chichilnisky… - International Economic Review, 1978 - JSTOR
In recent years demand and producer theories have been extended to models where the
economic agents exhibit more complex characteristics than those of the neoclassical agent.
2 The optimization problem of these less neoclassical agents includes cases where the ...
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Trade regimes and GATT: resource intensive vs. knowledge intensive growth

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G Chichilnisky - Economic Systems, 1996 - papers.ssrn.com
Abstract: Trading blocks can help or hinder the liberalization of world trade. A determining
factor is whether trade within the block is organized around traditional comparative
advantages, or around economies of scale. Regional free trade agreements such as ...
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Markets with endogenous uncertainty theory and policy

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G Chichilnisky - Theory and decision, 1996 - Springer
Classic formulations of markets regard uncertainty as originating from acts of nature. I extend
this to a formulation of markets which face risks induced by the economy itself, such as the
environmental risks of atmospheric and climate change induced by CFC and CO2 ...
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[BOOK] Financial markets for unknown risks

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G Chichilnisky… - 1992 - papers.ssrn.com
Abstract: The present paper draws on recent findings of Chichilnisky and Wu [5] and Cass et
al.[4], both of which study resource allocation with individual risks. Both of these papers
develop further Malinvaud's [15, 16] original formulation of general equilibrium with ...
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The cone condition, properness, and extremely desirable commodities

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G Chichilnisky - Economic Theory, 1993 - Springer
Summary This note links two conditions which have generated some interest in the literature
and have an important role in proving the existence of an equilibrium, the second welfare
theorem and the core equivalence theorem in infinite dimensional commodity spaces: ...
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The gender gap

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G Chichilnisky - Review of Development Economics, 2008 - Wiley Online Library
1. The author thanks Kenneth Arrow, Paul Milgrom, Oliver Hart, and Peter Eisenberger for
valuable comments and suggestions, the participants of the June, 2005 International School
for Economic Research (ISER) at the University of Siena, Italy, and those of the 2005 ...
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[CITATION] Oil and the international economy

G Chichilnisky… - 1991 - Clarendon Pr.
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Basic needs and global models: resources, trade and distribution

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G Chichilnisky - 1980 - mpra.ub.uni-muenchen.de
This paper analyses both the basic assumptions and the results of the better known and
widely used global models-specifically, the UN world model, the RIO (Reshaping the
International Order) model and the Bariloche model-in relation to basic needs and to ...
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[CITATION] The greening of the Bretton Woods

G Chichilnisky - Financial Times, 1996 - papers.ssrn.com
If you have any problems with this purchase, please email support@ssrn.com or call
1-585-442-8170. ... Abstract: Graciela Chichilnisky on a plan for a new global bank to be a clearing
house for the environmental market. ... What type of feedback would you like to send?
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[CITATION] Basic Goods, the Effects of Aid and the International Economic Order

G Chichilnisky - 1978 - Harvard Institute for International …
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[CITATION] Terms of Trade and Domestic Distribution: Export-Led with Abundant Labor

G Chichilnisky - July l978, 1978
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[BOOK] Markets, information, and uncertainty: essays in economic theory in honor of Kenneth J. Arrow

G Chichilnisky - 1999 - books.google.com
Markets, Information and Uncertainty is a collection of essays by leading theorists offering
powerful new insights on the role of uncertainty and information in today's market. This book
features Kenneth Arrow on information and the organization of industry, Roy Radner on ...
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[CITATION] Sustainable development: an axiomatic approach

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G Chichilnisky - Social Choice and Welfare, 1996
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Patterns of power: bargaining and incentives in two-person games

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G Chichilnisky… - Journal of Public Economics, 1984 - Elsevier
Abstract We introduce the concept of a strategic dictator and use it to analyse patterns of
power in two-person games that arise naturally in bargaining, arbitration, and incentive
problems. A strategic dictator is an agent who has the power to ensure that a Nash ...
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The influence of fear in decisions: experimental evidence

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O Chanel… - Journal of Risk and Uncertainty, 2009 - Springer
Abstract This article studies decisions made under conditions of fear, when a catastrophic
outcome is introduced in a lottery. It reports on experimental results and seeks to compare
the predictions of the expected utility (EU) framework with those of a new axiomatic ...
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Von Neumann-Morgenstern utilities and cardinal preferences

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G Chichilnisky - Mathematics of operations research, 1985 - mor.journal.informs.org
Abstract We study the aggregation of preferences when intensities are taken into account:
the aggregation of cardinal preferences, and also of von Neumann-Morgenstern utilities for
choices under uncertainty. We show that with a finite number of choices there exist no ...
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The geometry of implementation: a necessary and sufficient condition for straightforward games

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G Chichilnisky… - Social Choice and Welfare, 1997 - Springer
Abstract. We characterize games which induce truthful revelation of the players' preferences,
either as dominant strategies (straightforward games) or in Nash equilibria. Strategies are
statements of individual preferences on R n. Outcomes are social preferences. ...
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Traditional comparative advantages vs. economies of scale: NAFTA and GATT

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G Chichilnisky - 1993 - papers.ssrn.com
Abstract: Regional free trade zones have been unexpectedly successful in the last decade.
Since 1980 the European Community enlarged significantly its membership and its scope. It
now includes southern European countries, and market-integrating features allowing ...
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[CITATION] The knowledge revolution: its impact on consumption patterns and resource use

G Chichilnisky - Human Development Report, 1998
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Catastrophical risk

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G Chichilnisky - Encyclopedia of Environmetrics, 2002 - Wiley Online Library
Global environmental risks such as climate change and rising sea levels are low-probability
events with widespread and possibly irreversible consequences. These are fundamentally
new risks which are not well understood. Learning through experimentation is out of the ...
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[BOOK] Believing in multiple equilibria

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G Chichilnisky, GM Heal, P Streufert… - 1992 - academiccommons.columbia.edu
Abstract: If agents have common priors concerning the probability with which an equilibrium
is selected, they have an incentive to trade beforehand. If their trading process satisfies a
certain notion of individual rationality, these trades will reduce and ultimately remove all ...
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Avoiding extinction: equal treatment of the present and the future

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G Chichilnisky - 2010 - papers.ssrn.com
Abstract: Equal treatment for the present and the future was required in two axioms
introduced in the articles by Chichilnisky of the years 1996 and 1997. These articles provide
a characterization of the decision criterion that satisfies the axioms and shows that the two ...
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The limits of econometrics: nonparametric estimation in Hilbert spaces

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G Chichilnisky - Econometric Theory, 2010 - Cambridge Univ Press
We extend Bergstrom's 1985 results on nonparametric (NP) estimation in Hilbert spaces to unbounded
sample sets. The motivation is to seek the most general pos- sible framework for
econometrics, NP estimation with no a priori assumptions on the functional relations nor ...
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Community preferences and social choice

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G Chichilnisky… - Journal of Mathematical Economics, 1983 - Elsevier
Abstract This paper gives necessary and sufficient conditions for the aggregation of
preferences, extending an earlier treatment of aggregation by Stolper, Gorman, Samuelson
and Chipman. Such aggregation procedures are intended to deal with the problem of ...
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[CITATION] Price uncertainty and incomplete markets

G Chichilnisky, FH Hahn… - Columbia Business, 1992
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Sustainable markets with short sales

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G Chichilnisky - Economic Theory, 2011 - Springer
Abstract Market objectives can conflict with long-term goals. Behind the conflict is the
impatience axiom introduced by T. Koopmans to describe choices over time. The conflict is
resolved here by introducing a new concept, sustainable markets. These differ from Arrow- ...
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Social choice and the closed convergence topology

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G Chichilnisky - Social Choice and Welfare, 1991 - Springer
This paper revisits the aggregation theorem of Chichilnisky (1980), replacing the original
smooth topology by the closed convergence topology and responding to several comments
(N. Baigent (1984, 1985, 1987, 1989), N. Baigent and P. Huang (1990) and M. LeBreton ...
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Option values and endogenous uncertainty in ESOPs, MBOs and asset-backed loans

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G Chichilnisky, GM Heal… - Economics Letters, 1995 - Elsevier
We consider contracts to purchase assets by means of streams of payments over time, with
the asset as security. These give the purchaser an option not present if all payment is made
up front, the option of stopping payments and delivering the asset in satisfaction of the ...
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The economics of global environmental risk

G Chichilnisky - MPRA Paper, 1998 - ideas.repec.org
This chapter focusses on global environmental risks such as climate change, an issue that
must be confronted as we move into the future. It proposes sound principles of risk
management that make sense in today's society generally, going beyond their role of ...
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Volatility in the knowledge economy

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G Chichilnisky… - Economic Theory, 2004 - Springer
Summary. We seek to explain the economic volatility of the last 6 years, in particular the
rapid expansion and contraction of the knowledge sectors. Our hypothesis is that these
sectors amplify the business cycle due to their increasing returns to scale, growing faster ...
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[BOOK] Securitizing the biosphere

[PDF] from northsouth.edu
G Chichilnisky… - 2000 - books.google.com
A handful of firms in traditionally dirty industries have decided that they can make more
money by embracing environmental goals than by fighting them. At the leading edge of the
environmental movement, British Petroleum, Monsanto, Dupont, Compaq, 3M, SC ...
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Markets for tradable carbon dioxide emission quotas: principles and practice

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G Chichilnisky… - … Geoffrey Heal. New York: Columbia UP, 2000 - books.google.com
This chapter reviews a range of issues relating to tradable carbon dioxide (CO2) emission
quotas (TEQs). It considers the economic principles on which they are based, compares
them with alternative carbon abatement policies, and reviews many aspects of how ...
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[BOOK] Energy-capital substitution: A general equilibrium analysis

[PDF] from uni-muenchen.de
G Chichilnisky… - 1980 - papers.ssrn.com
Abstract: We consider an economy which imports energy from a monopolistic price-setter,
the domestic general equilibrium of this economy adjusts in response to the price of energy.
We define the rural cross price elasticity of demand between energy and capital as the ...
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A unified treatment of finite and infinite economies: limited arbitrage is necessary and sufficient for the existence of equilibrium and the core

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G Chichilnisky… - Economic Theory, 1998 - Springer
Summary. A single condition, limited arbitrage, is shown to be necessary and sufficient for
the existence of a competitive equilibrium and the core in economies with any number of
markets, finite or infinite, with or without short sales. This extends earlier results of ...
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Limited arbitrage is necessary and sufficient for the existence of a competitive equilibrium

[PDF] from columbia.edu
G Chichilnisky - Journal of Mathematical Economics, 1997 - papers.ssrn.com
Abstract: In Chichilnisky (Working Paper N0. 586, 1991), Chichilnisky (Working Paper No.
650, 1992) and Chichilnisky (Economic Theory, 1995, 5, 79-108), I introduced the concept of
a global cone and used it to define a condition on endowments and preferences,'limited ...
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Existence of optimal savings policies with imperfect information and non-convexities

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G Chichilnisky - Journal of Mathematical Economics, 1981 - Elsevier
Abstract This paper studies the existence of optimal savings paths in models with imperfect
information. The returns on savings or on investment are uncertain and the models may
have infinite horizons. The results yield existence when both utilities and the distributions ...
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Actions of symmetry groups

[PDF] from chichilnisky.com
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G Chichilnisky - Social Choice and Welfare, 1996 - Springer
This paper studies maps which are invariant under the action of the symmetry group S k. The
problem originates in social choice theory: there are k individuals each with a space of
preferences X, and a social choice map?: X k? X which is anonymous ie invariant under ...
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1.1 Property Rights and the Dynamics of Renewable Resources in North-South Trade

G Chichilnisky - Trade, innovation, environment, 1994 - books.google.com
ABSTRACT To explain the patterns of world trade of resources, this paper combines the
biological dynamics of the renewable resource and game theoretical explanations of its
extraction under different property regimes, with a general equilibrium model of North ...
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The abatement of carbon emissions in industrial and developing countries

[PDF] from uni-muenchen.de
G Chichilnisky - 1993 - mpra.ub.uni-muenchen.de
" The global environment is a matter of great importance to all nations.... Yet differences of
opinions prevail about the main problems, and about the institutions to manage
cooperation.... The problem of finding carbon abatement policies is complicated by the ...
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A model of technology, domestic distribution, and North-South relations

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G Chichilnisky… - Technological Forecasting and Social Change, 1979 - Elsevier
Abstract This article describes the macroeconomic model used in an ongoing study of
technology policies and North-South relations. Other aspects of the study have been
described elsewhere [1, 2]. We examine here the rationale for the theoretical structure ...
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