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Rolling the 'Dice': An Optimal Transition Path for Controlling Greenhouse Gases

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Author Info
William D. Nordhaus () (Cowles Foundation, Yale University)

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Abstract

The possibility of greenhouse warming has received growing attention in recent years. Many scientific bodies are calling for severe curbs on the emissions of greenhouse gases. To date, the calls to arms and treaty negotiations have progressed more or less independently of economic studies of the costs and benefits of measures to slow greenhouse warming. The plan of the present study is to develop a dynamic, global model of both the impacts of and policies to slow global warming. It is an integral model that incorporates both the dynamics of emissions and impacts and the economic costs of policies to curb emissions.

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File URL: http://cowles.econ.yale.edu/P/cp/p08a/p0836.pdf
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File URL: http://cowles.econ.yale.edu/P/cd/d10a/d1019.pdf
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Publisher Info
Paper provided by Cowles Foundation, Yale University in its series Cowles Foundation Discussion Papers with number 1019.

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Length: 33 pages
Date of creation: Jun 1992
Date of revision:
Publication status: Published in Resource and Energy Economics (1993), 15: 27-50
Handle: RePEc:cwl:cwldpp:1019

Note: CFP 836.
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Postal: Yale University, Box 208281, New Haven, CT 06520-8281 USA
Phone: (203) 432-3702
Fax: (203) 432-6167
Web page: http://cowles.econ.yale.edu/
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Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA

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Related research
Keywords: Global warming; environmental regulation; cost-benefit;

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Find related papers by JEL classification:
Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Alan S. Manne & Richard G. Richels, 1990. "CO2 Emission Limits: An Economic Cost Analysis for the USA," The Energy Journal, International Association for Energy Economics, vol. 11(2), pages 51-74.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Sterner, Thomas & Persson, U. Martin, 2007. "An Even Sterner Review: Introducing Relative Prices into the Discounting Debate," Discussion Papers dp-07-37, Resources For the Future. [Downloadable!]
  2. Hans Asbjørn Aaheim & Kristin A. & Hans Seip, 1999. "Climate Change and Local Pollution Effects – An Integrated Approach," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 4(1), pages 61-81, March. [Downloadable!] (restricted)
  3. Thomas Aronsson & Kenneth Backlund & Karl-Gustaf Löfgren, 1998. "Nuclear Power, Externalities and Non-Standard Pigouvian Taxes," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 11(2), pages 177-195, March. [Downloadable!] (restricted)
  4. Buonanno, Paolo & Carraro, Carlo & Castelnuovo, Efrem & Galeotti, Marzio, 2000. "Emission Trading Restrictions with Endogenous Technological Change," CEPR Discussion Papers 2514, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  5. FIGUIéRES, Charles & VERDONCK, Magali, 2003. "On the core of an economy with multilateral and multidimensional environmental externalities," CORE Discussion Papers 2003004, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
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  6. 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. [Downloadable!] (restricted)
  7. Anthony Fisher, 2000. "Reflections on Irreversibility: Environmental Science and Environmental Economics," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series 910, Department of Agricultural & Resource Economics, UC Berkeley. [Downloadable!]
  8. Toman, Michael & Shogren, Jason, 2000. "Climate Change Policy," Discussion Papers dp-00-22, Resources For the Future. [Downloadable!]
  9. Michael Hoel & Larry Karp, 2001. "Taxes versus Quotas for a Stock Pollutant," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series 855, Department of Agricultural & Resource Economics, UC Berkeley. [Downloadable!]
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