Hourglass models of world-wide problems such as climate change
A simple model of â€œhourglassâ€ problems is presented. For such problems, the benefit of a national policy measure is propagated to all countries through one single world-wide variable. The prime example is the effect of the reduction of CO 2 emission on the world climate. Five optimal solutions are given, for various situations and points of view, followed by a comparison with the outcome of permit trading.
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- David Anthoff & Cameron Hepburn & Richard S.J. Tol, 2006.
"Equity weighting and the marginal damage costs of climate change,"
FNU-121, Research unit Sustainability and Global Change, Hamburg University, revised Dec 2006.
- Anthoff, David & Hepburn, Cameron & Tol, Richard S.J., 2009. "Equity weighting and the marginal damage costs of climate change," Ecological Economics, Elsevier, vol. 68(3), pages 836-849, January.
- David Anthoff & Cameron Hepburn & Richard S.J. Tol, 2007. "Equity Weighting and the Marginal Damage Costs of Climate Change," Working Papers 2007.43, Fondazione Eni Enrico Mattei.
- Mulder, Machiel & ten Cate, Arie & Zwart, Gijsbert Zwart, 2007. "The economics of promoting security of energy supply," EIB Papers 8/2007, European Investment Bank, Economics Department.
- Wirl, Franz, 2009. "Oligopoly meets oligopsony: The case of permits," Journal of Environmental Economics and Management, Elsevier, vol. 58(3), pages 329-337, November.
- Hahn, Robert W., 1982. "Market Power and Transferable Property Rights," Working Papers 402, California Institute of Technology, Division of the Humanities and Social Sciences.
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