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Coase Lecture—Taxes, Targets and the Social Cost of Carbon

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  • Robert S. Pindyck

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  • Robert S. Pindyck, 2017. "Coase Lecture—Taxes, Targets and the Social Cost of Carbon," Economica, London School of Economics and Political Science, vol. 84(335), pages 345-364, July.
    • Handle: RePEc:bla:econom:v:84:y:2017:i:335:p:345-364
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    References listed on IDEAS

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    1. Chen, Cuicui & Zeckhauser, Richard, 2018. "Collective action in an asymmetric world," Journal of Public Economics, Elsevier, vol. 158(C), pages 103-112.
    2. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    3. Pindyck, Robert S, 1978. "The Optimal Exploration and Production of Nonrenewable Resources," Journal of Political Economy, University of Chicago Press, vol. 86(5), pages 841-861, October.
    4. Becker Gary S. & Murphy Kevin M. & Topel Robert H., 2011. "On the Economics of Climate Policy," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(2), pages 1-27, May.
      • Becker, Gary S. & Murphy, Kevin M. & Topel, Robert H., 2010. "On the Economics of Climate Policy," Working Papers 234, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    5. Matthew J. Kotchen, 2018. "Which Social Cost of Carbon? A Theoretical Perspective," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 5(3), pages 673-694.
    6. Robert S. Pindyck, 2017. "The Use and Misuse of Models for Climate Policy," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 11(1), pages 100-114.
    7. Moritz Drupp & Mark Freeman & Ben Groom & Frikk Nesje, 2015. "Discounting disentangled: an expert survey on the determinants of the long-term social discount rate," GRI Working Papers 196a, Grantham Research Institute on Climate Change and the Environment.
    8. Gary D. Libecap, 2016. "Coasean bargaining to address environmental externalities," Chapters, in: Claude Ménard & Elodie Bertrand (ed.), The Elgar Companion to Ronald H. Coase, chapter 8, pages 97-109, Edward Elgar Publishing.
    9. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801.
    10. Gary D. Libecap, 2016. "Coasean Bargaining to Address Environmental Externalities," NBER Working Papers 21903, National Bureau of Economic Research, Inc.
    11. Martin L. Weitzman, 2014. "Can Negotiating a Uniform Carbon Price Help to Internalize the Global Warming Externality?," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 1(1), pages 29-49.
    12. Martin L. Weitzman, 2001. "Gamma Discounting," American Economic Review, American Economic Association, vol. 91(1), pages 260-271, March.
    13. repec:aen:eeepjl:eeep4-2-weitzman is not listed on IDEAS
    14. Pindyck, Robert S., 2019. "The social cost of carbon revisited," Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 140-160.
    15. William D. Nordhaus, 2011. "Estimates of the Social Cost of Carbon: Background and Results from the RICE-2011 Model," NBER Working Papers 17540, National Bureau of Economic Research, Inc.
    16. Pindyck, Robert S., 2012. "Uncertain outcomes and climate change policy," Journal of Environmental Economics and Management, Elsevier, vol. 63(3), pages 289-303.
    17. Mark C. Freeman & Ben Groom, 2015. "Positively Gamma Discounting: Combining the Opinions of Experts on the Social Discount Rate," Economic Journal, Royal Economic Society, vol. 125(585), pages 1015-1024, June.
    18. Swierzbinski, Joseph E & Mendelsohn, Robert, 1989. "Exploration and Exhaustible Resources: The Microfoundations of Aggregate Models," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(1), pages 175-186, February.
    19. William Nordhaus, 2015. "Climate Clubs: Overcoming Free-Riding in International Climate Policy," American Economic Review, American Economic Association, vol. 105(4), pages 1339-1370, April.
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    Cited by:

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    2. David Anthoff & Richard S. J. Tol, 2022. "Testing the Dismal Theorem," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 9(5), pages 885-920.
    3. Grüning, Patrick, 2025. "Fiscal, environmental, and bank regulation policies in a small open economy for the green transition," Resource and Energy Economics, Elsevier, vol. 82(C).
    4. Niemann, Rainer & Rohlfing-Bastian, Anna, 2026. "Carbon taxes and ESG compensation," SAFE Working Paper Series 485, Leibniz Institute for Financial Research SAFE.
    5. Paukku Eelis, 2023. "Carbon Pricing in Finland: Balancing policy goals," Nordic Tax Journal, Sciendo, vol. 2023(1), pages 76-95, December.
    6. Rainer Niemann & Anna Rohlfing-Bastian, 2026. "Carbon Taxes and ESG Compensation," CESifo Working Paper Series 12582, CESifo.
    7. Patrick Gruning, 2022. "Fiscal, Environmental, and Bank Regulation Policies in a Small Open Economy for the Green Transition," Working Papers 2022/06, Latvijas Banka.
    8. Richard S.J. Tol, 2020. "Kernel density decomposition with an application to the social cost of carbon," Working Paper Series 0720, Department of Economics, University of Sussex Business School.
    9. Lurdes Jesus Ferreira & Luís Pereira Dias & Jieling Liu, 2022. "Adopting Carbon Pricing Tools at the Local Level: A City Case Study in Portugal," Sustainability, MDPI, vol. 14(3), pages 1-20, February.
    10. Richard S. J. Tol, 2021. "Estimates of the social cost of carbon have increased over time," Papers 2105.03656, arXiv.org, revised Aug 2022.
    11. Boyce, James K., 2018. "Carbon Pricing: Effectiveness and Equity," Ecological Economics, Elsevier, vol. 150(C), pages 52-61.
    12. Tol, Richard S.J., 2019. "A social cost of carbon for (almost) every country," Energy Economics, Elsevier, vol. 83(C), pages 555-566.
    13. Niemann, Rainer & Rohlfing-Bastian, Anna, 2026. "Carbon taxes and ESG compensation," arqus Discussion Papers in Quantitative Tax Research 314, arqus - Arbeitskreis Quantitative Steuerlehre.
    14. Pindyck, Robert S., 2019. "The social cost of carbon revisited," Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 140-160.
    15. Jesse Buchsbaum & Catherine Hausman & Johanna L Mathieu & Jing Peng, 2024. "Spillovers from ancillary services to wholesale energy markets," RAND Journal of Economics, RAND Corporation, vol. 55(1), pages 87-111, March.
    16. Richard S.J. Tol, 2021. "Estimates of the social cost of carbon have not changed over time," Working Paper Series 0821, Department of Economics, University of Sussex Business School.
    17. Golinucci, Nicolò & Tonini, Francesco & Rocco, Matteo Vincenzo & Colombo, Emanuela, 2023. "Towards BitCO2, an individual consumption-based carbon emission reduction mechanism," Energy Policy, Elsevier, vol. 183(C).

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