In this paper, we prove in terms of a simple dynamic model of global warming that sustainable time-paths of the atmospheric accumulations of carbon dioxide are obtained as the standard market equilibrium under the system of proportional carbon taxes, where the carbon taxes are levied at the rate...

In this collection of autobiographical essays, 26 prominent scholars detail their professional development, while offering insight into their lives and philosophies. With candor and humor they relate how they came to the field of economics, as well as how their views have evolved over the years.

uFear of Japan's Isolation/u: Last year [1971] was marked by a series of events which gave rise to fear that Japan was headed, internationally, for gradual isolation in the political and economic spheres. Japan's lack of independent thinking in political and economic affairs was clearly revealed...

Global warming is a phenomenon to which the conceptual framework and analytical apparatuses of game theory may be appropriately applied. We regard global warming as a cooperative game and examine the conditions under which the core of the global warming game is nonempty. Copyright Springer Japan...