by Philip D. Adams
from The Australian Economic Review, Vol. 40 No. 4, pp. 432–452
" ...If a worthwhile reduction in risk costs 50 per cent of income, then living with the risk may be preferable. But if it costs 1 per cent of income, then taking the insurance policy may be the best option. The purpose of this article is to evaluate the possible cost in the context of an emissions trading scheme (ETS) for Australia."







