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Efficiency and Distribution in Greenhouse Negotiations

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  • Eyckmans, Johan
  • Proost, Stef
  • Schokkaert, Erik

Abstract

The authors analyze the international aspects of the greenhouse problem. The equity versus efficiency trade-off is examined by reducing the set of instruments to the allocation of abatement efforts over countries without the possibility of side payments. The traditional cost-effective allocation of abatement efforts is no longer necessarily optimal. The trade-off is illustrated empirically by combining the available cost and benefit estimates in a simplified two-period model with twelve regions in the world. In a second application, the authors follow an inverse optimum approach and compute the power weights implicit in actual agreements. Copyright 1993 by WWZ and Helbing & Lichtenhahn Verlag AG

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Kyklos.

Volume (Year): 46 (1993)
Issue (Month): 3 ()
Pages: 363-97

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Handle: RePEc:bla:kyklos:v:46:y:1993:i:3:p:363-97

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Cited by:
  1. Kverndokk, Snorre & Rose, Adam, 2008. "Equity and Justice in Global Warming Policy," International Review of Environmental and Resource Economics, now publishers, vol. 2(2), pages 135-176, October.
  2. Schmidt, Holger, 1995. "Verteilungseffekte im Klimaschutz-ProzeƟ," Discussion Papers in Development Economics 18, Justus Liebig University Giessen, Institute for Development Economics.
  3. Gjerde, Jon & Grepperud, Sverre & Kverndokk, Snorre, 1999. "Optimal climate policy under the possibility of a catastrophe," Resource and Energy Economics, Elsevier, vol. 21(3-4), pages 289-317, August.
  4. MacKenzie, Ian A. & Hanley, Nick & Kornienko, Tatiana, 2009. "Using contests to allocate pollution rights," Energy Policy, Elsevier, vol. 37(7), pages 2798-2806, July.
  5. Shiell, Leslie, 2003. "Descriptive, prescriptive and second-best approaches to the control of global greenhouse gas emissions," Journal of Public Economics, Elsevier, vol. 87(7-8), pages 1431-1452, August.
  6. Adam Rose & Brandt Stevens, 1998. "A Dynamic Analysis of Fairness in Global Warming Policy: Kyoto, Buenos Aires, and Beyond," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 329-362, November.
  7. Stephen P.A. Brown & Hillard G. Huntington, 1996. "Some implications of increased cooperation in world oil conservation," Working Papers 9608, Federal Reserve Bank of Dallas.
  8. Stephen P. A. Brown, 1998. "Global warming policy: some economic implications," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q IV, pages 26-35.
  9. Groot, Loek, 2010. "Carbon Lorenz curves," Resource and Energy Economics, Elsevier, vol. 32(1), pages 45-64, January.
  10. Kohn, Robert E., 2001. "Unilateral transfer of abatement capital," Resource and Energy Economics, Elsevier, vol. 23(2), pages 85-95, April.
  11. Narita, Daiju & Tol, Richard S. J. & Anthoff, David, 2009. "International Climate Policy and Regional Welfare Weights," Papers WP332, Economic and Social Research Institute (ESRI).
  12. Welsch, Heinz, 1995. "Incentives for forty-five countries to join various forms of carbon reduction agreements," Resource and Energy Economics, Elsevier, vol. 17(3), pages 213-237, November.
  13. Adam Rose & Brandt Stevens & Jae Edmonds & Marshall Wise, 1998. "International Equity and Differentiation in Global Warming Policy," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 12(1), pages 25-51, July.
  14. Anthoff, David, 2009. "Optimal Global Dynamic Carbon Taxation," Papers WP278, Economic and Social Research Institute (ESRI).

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