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Regulation with anticipated learning about environmental damages

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  • Karp, Larry
  • Zhang, Jiangfeng

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Environmental Economics and Management.

Volume (Year): 51 (2006)
Issue (Month): 3 (May)
Pages: 259-279

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Handle: RePEc:eee:jeeman:v:51:y:2006:i:3:p:259-279

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Web page: http://www.elsevier.com/locate/inca/622870

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References

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  1. Graciela Chichilnisky & Geoffrey Heal, 1993. "Global Environmental Risks," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 7(4), pages 65-86, Fall.
  2. Tsur, Yacov & Zemel, Amos, 1998. "Pollution control in an uncertain environment," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 22(6), pages 967-975, June.
  3. Henry, Claude, 1974. "Investment Decisions Under Uncertainty: The "Irreversibility Effect."," American Economic Review, American Economic Association, American Economic Association, vol. 64(6), pages 1006-12, December.
  4. Peck, Stephen C. & Teisberg, Thomas J., 1993. "Global warming uncertainties and the value of information: an analysis using CETA," Resource and Energy Economics, Elsevier, Elsevier, vol. 15(1), pages 71-97, March.
  5. repec:fth:coluec:645 is not listed on IDEAS
  6. Epstein, Larry G, 1980. "Decision Making and the Temporal Resolution of Uncertainty," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(2), pages 269-83, June.
  7. William D. Nordhaus & David Popp, 1996. "What is the Value of Scientific Knowledge? An Application to Global Warming Using the PRICE Model," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University 1117, Cowles Foundation for Research in Economics, Yale University.
  8. Kolstad, Charles D., 1996. "Fundamental irreversibilities in stock externalities," Journal of Public Economics, Elsevier, Elsevier, vol. 60(2), pages 221-233, May.
  9. Larry Karp & Jiangfeng Zhang, 2005. "Regulation of Stock Externalities with Correlated Abatement Costs," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 32(2), pages 273-300, October.
  10. Arrow, Kenneth J & Fisher, Anthony C, 1974. "Environmental Preservation, Uncertainty, and Irreversibility," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 88(2), pages 312-19, May.
  11. Tsur, Yacov & Zemel, Amos, 1996. "Accounting for global warming risks: Resource management under event uncertainty," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 20(6-7), pages 1289-1305.
  12. Kolstad, Charles D., 1996. "Learning and Stock Effects in Environmental Regulation: The Case of Greenhouse Gas Emissions," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 31(1), pages 1-18, July.
  13. Hoel, Michael & Karp, Larry, 2001. "Taxes versus Quotas for a Stock Pollutant," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series, Department of Agricultural & Resource Economics, UC Berkeley qt5fx9p7kf, Department of Agricultural & Resource Economics, UC Berkeley.
  14. Anthony Fisher & Urvashi Narain, 2003. "Global Warming, Endogenous Risk, and Irreversibility," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 25(4), pages 395-416, August.
  15. Ulph, Alistair & Ulph, David, 1997. "Global Warming, Irreversibility and Learning," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 107(442), pages 636-50, May.
  16. Kelly, David L. & Kolstad, Charles D., 1999. "Bayesian learning, growth, and pollution," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 23(4), pages 491-518, February.
  17. Hoel, Michael & Karp, Larry, 2001. "Taxes and quotas for a stock pollutant with multiplicative uncertainty," Journal of Public Economics, Elsevier, Elsevier, vol. 82(1), pages 91-114, October.
  18. Clarke, Harry R. & Reed, William J., 1994. "Consumption/pollution tradeoffs in an environment vulnerable to pollution-related catastrophic collapse," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 18(5), pages 991-1010, September.
  19. Geoffrey Heal & Bengt Kriström, 2002. "Uncertainty and Climate Change," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 22(1), pages 3-39, June.
  20. Peter Kennedy, 1999. "Learning About Environmental Damage: Implications for Emissions Trading," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 32(5), pages 1313-1327, November.
  21. Newell, Richard G. & Pizer, William A., 2003. "Regulating stock externalities under uncertainty," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 45(2, Supple), pages 416-432, March.
  22. Maddison, David, 1995. "A cost-benefit analysis of slowing climate change," Energy Policy, Elsevier, Elsevier, vol. 23(4-5), pages 337-346.
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