Incomplete model specification in a multi-pollutants setting: The case of climate change and acidification
This paper analyses the consequences of incomplete environmental model specification on policy design in a multi-pollutants framework. Focusing on the correlations between aerosols and greenhouse gases, the paper compares abatement and stock targets setting for various cases of incomplete model specification. Both cases of lax and stringent regulation, compared to what is socially optimum, may arise. Furthermore, the lax/stringent nature of the policies may evolve over time, so that the time horizon of policy design matters in assessing the impact of incomplete model specification.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
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.:
- Moslener, Ulf & Requate, Till, 2005.
"Optimal Abatement in Dynamic Multipollutant Problems when Pollutants can be Complements or Substitutes,"
Economics Working Papers
2005,03, Christian-Albrechts-University of Kiel, Department of Economics.
- Moslener, Ulf & Requate, Till, 2007. "Optimal abatement in dynamic multi-pollutant problems when pollutants can be complements or substitutes," Journal of Economic Dynamics and Control, Elsevier, vol. 31(7), pages 2293-2316, July.
- Moslener, Ulf & Requate, Till, 2005. "Optimal Abatement in Dynamic Multi-Pollutant Problems When Pollutants can be Complements or Substitutes," ZEW Discussion Papers 05-27, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Caplan, Arthur J. & Silva, Emilson C.D., 2005.
"An efficient mechanism to control correlated externalities: redistributive transfers and the coexistence of regional and global pollution permit markets,"
Journal of Environmental Economics and Management,
Elsevier, vol. 49(1), pages 68-82, January.
- Arthur Caplan & Emilson Silva, 2002. "An Efficient Mechanism to Control Correlated Externalities: Redistributive Transfers and the Coexistence of Regional and Global Pollution Permit Markets," Working Papers 2002-23, Utah State University, Department of Economics.
- Scott Barrett, 2008. "The Incredible Economics of Geoengineering," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 39(1), pages 45-54, January.
- Stefan Baumgärtner & Frank Jöst & Ralph Winkler, 2007.
"Optimal dynamic scale and structure of a multi-pollution economy,"
Working Paper Series in Economics
50, University of Lüneburg, Institute of Economics.
- Baumgärtner, Stefan & Jöst, Frank & Winkler, Ralph, 2009. "Optimal dynamic scale and structure of a multi-pollution economy," Ecological Economics, Elsevier, vol. 68(4), pages 1226-1238, February.
- Moslener, Ulf & Requate, Till, 2009. "The dynamics of optimal abatement strategies for multiple pollutants--An illustration in the Greenhouse," Ecological Economics, Elsevier, vol. 68(5), pages 1521-1534, March.
- Erik Schmieman & Ekko van Ierland & Leen Hordijk, 2002. "Dynamic Efficiency with Multi-Pollutants and Multi-Targets The Case of Acidification and Tropospheric Ozone Formation in Europe," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 23(2), pages 133-148, October.
- Yang, Zili, 2006. "Negatively correlated local and global stock externalities: tax or subsidy?," Environment and Development Economics, Cambridge University Press, vol. 11(03), pages 301-316, June.
- H. Aaheim, 1999. "Climate Policy with Multiple Sources and Sinks of Greenhouse Gases," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 14(3), pages 413-430, October.
- John Reilly & Kenneth Richards, 1993. "Climate change damage and the trace gas index issue," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 3(1), pages 41-61, February.
When requesting a correction, please mention this item's handle: RePEc:eee:resene:v:33:y:2011:i:3:p:527-543. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.