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The Problem of the Commons : Still Unsettled after 100 Years

Stavins, Robert N. - 2010

The problem of the commons is more important to our lives and thus more central to economics than a century ago when …. Critical commons problems are also associated with environmental quality. A key contribution of economics has been the …

Persistent link: https://www.econbiz.de/10013137614

Welfare Costs of Long-Run Temperature Shifts

Bansal, Ravi - 2011

This article makes a contribution towards understanding the impact of temperature fluctuations on the economy and … consumption, and the total dollar costs of completely insuring against temperature variation are 2.46% of world GDP. If we allow … world GDP. We show that the same features, long-run risks and recursive-preferences, that account for the risk-free rate and …

Persistent link: https://www.econbiz.de/10013118836

The Promise and Problems of Pricing Carbon : Theory and Experience

Aldy, Joseph E. - 2011

Because of the global commons nature of climate change, international cooperation among nations will likely be necessary for meaningful action at the global level. At the same time, it will inevitably be up to the actions of sovereign nations to put in place policies that bring about meaningful...

Persistent link: https://www.econbiz.de/10013118839

Estimates of the Social Cost of Carbon : Background and Results from the Rice-2011 Model

Nordhaus, William D. - 2011

A new and important concept in global warming economics and policy is the social cost of carbon or SCC. This concept …

Persistent link: https://www.econbiz.de/10013119046

What Role for Trade in a Post 2012 Global Climate Policy Regime

Whalley, John - 2011

This paper discusses the role that trade can potentially play in both negotiating and operating a post Kyoto/post 2012 global climate policy regime. As an addition to the bargaining set for a global climate negotiation, trade in principle widens the range of jointly beneficial potential outcomes...

Persistent link: https://www.econbiz.de/10013119608

Some Inconvenient Truths About Climate Change Policy : The Distributional Impacts of Transportation Policies

Holland, Stephen P. - 2011

in spite of their higher costs lies in the political economy of carbon policy. The alternatives to CAT exhibit a feature …

Persistent link: https://www.econbiz.de/10013120318

The Social Cost of Stochastic and Irreversible Climate Change

Cai, Yongyang - 2013

There is great uncertainty about the impact of anthropogenic carbon on future economic wellbeing. We use DSICE, a DSGE extension of the DICE2007 model of William Nordhaus, which incorporates beliefs about the uncertain economic impact of possible climate tipping events and uses empirically...

Persistent link: https://www.econbiz.de/10013088403

Facing the Climate Change Challenge in a Global Economy

Branstetter, Lee - 2014

Over the past two decades, the international community has struggled to deal constructively with the problem of mitigating climate change. This is considered by many to be the preeminent public policy challenge of our time, but actual policy responses have been relatively modest. This essay...

Persistent link: https://www.econbiz.de/10013065830

Estimating the Social Cost of Carbon for Use in U.S. Federal Rulemakings : A Summary and Interpretation

Greenstone, Michael - 2014

The United States Government recently concluded a year-long process to develop a range of values representing the monetized damages associated with an incremental increase in carbon dioxide (CO2) emissions, commonly referred to as the social cost of carbon (SCC). These values are currently used...

Persistent link: https://www.econbiz.de/10013068337

The Economics of Carbon Offsets

Bushnell, James - 2014

Although international programs for carbon offsets play an important role in current and prospective climate-change policy, they continue to be very controversial. Asymmetric information creates several incentive problems, include adverse selection and moral hazard, in offset markets. The...

Persistent link: https://www.econbiz.de/10013069350