Fine, James; Busch, Christopher; Garderet, Remy - In: Energy Policy 44 (2012) C, pp. 46-51
The economic modeling that policymakers typically rely on—and all the economic modeling of AB 32 (California's Global Warming Solutions Act)—assumes smooth future price paths, ignoring the reality of significant price volatility of fuels derived from crude oil. To add some insight into the...