). Although the largest welfare costs from global warming are concentrated in the warmest parts of the developing world, adjusting …

economies, are false or need serious amendment in a world with international trade in goods. Since the three results we … highlight have framed much of the ongoing discussion and research on the Kyoto protocol our viewpoint from trade theory suggests … a re-examination may be in order. Specifically, we demonstrate that in an open trading world, but not in a closed …

We review the optimal pattern of carbon emission abatements across countries in a simple multi-country world. We model …