Environmental and Resource Economics

, Volume 43, Issue 3, pp 295–306 | Cite as

New Frontiers in the Economics of Climate Change

Article

refrences

  1. Anthoff D, Tol RSJ (2009) The impact of climate change on the balanced-growth-equivalent: an application of FUND. Environ Resour Econ. doi: 10.1007/s10640-009-9264-s
  2. Anthoff D, Tol RSJ, Yohe GW (2009) Discounting for climate change. Economics Discussion Papers 2009-15Google Scholar
  3. Atkinson T, Brandolini A (2007) On analysing the world distribution of income. Oxford UniversityGoogle Scholar
  4. Barsky RB, Juster FT, Kimball MS, Shapiro MD (1997) Preference parameters and behavioral heterogeneity: an experimental approach in the health and retirement study. Q J Econ 112(2): 537–579. doi:10.1162/003355397555280 CrossRefGoogle Scholar
  5. Broome J (1991) Weighing goods. Basil Blackwell, Cambridge, MassGoogle Scholar
  6. Caney S (2008) Human rights, climate change, and discounting. Env Polit 17(4): 536–555. doi:10.1080/09644010802193401 CrossRefGoogle Scholar
  7. Carlsson F, Daruvala D, Johansson-Stenman O (2005) Are people inequality-averse, or just risk-averse. Economica 72(287): 375–396. doi:10.1111/j.0013-0427.2005.00421.x CrossRefGoogle Scholar
  8. Clarke HR, Reed WJ (1994) Consumption/pollution tradeoffs in an environment vulnerable to pollution-related catastrophic collapse. J Econ Dyn Control 18(5): 991–1010. doi:10.1016/0165-1889(94)90042-6 CrossRefGoogle Scholar
  9. Cline WR (1992) The economics of global warming. Institute for International Economics, WashingtonGoogle Scholar
  10. Convery F (2009) Origins and development of the EU ETS. Environ Resour Econ doi:10.1007/s10640-009-9275-7Google Scholar
  11. Daly HE (1977) Steady-state economics: the economics of biophysical equilibrium and moral growth. W. H. Freeman, San FranciscoGoogle Scholar
  12. Dasgupta P (2007). Discounting climate change. University of CambridgeGoogle Scholar
  13. Dasgupta P, Heal G (1979) Economic theory and exhaustible resources. Cambridge University Press, CambridgeGoogle Scholar
  14. Dietz S, Hope C, Patmore N (2007) Some economics of ‘dangerous’ climate change: reflections on the Stern Review. Glob Environ Change 17(3–4): 311–325. doi:10.1016/j.gloenvcha.2007.05.008 CrossRefGoogle Scholar
  15. Di Tella R, MacCulloch R (2006) Some uses of happiness data in economics. J Econ Perspect 20(1): 25–46. doi:10.1257/089533006776526111 CrossRefGoogle Scholar
  16. Easterlin RA (1974) Does economic growth improve the human lot? Some empirical evidence. In: David PA, Reder MW (eds) Essays in honor of Moses Abramovitz. Academic Press, New York, pp 89–125Google Scholar
  17. Frederick S, Loewenstein G, O’Donoghue T (2002) Time discounting and time preference: a critical review. J Econ Lit 40(2): 351–401. doi:10.1257/002205102320161311 CrossRefGoogle Scholar
  18. Gerlagh R, Kverndokk S, Rosendahl KE (2009) Optimal timing of climate change policy: interaction between carbon taxes and innovation externalities. Environ Resour Econ doi: 10.1007/s10640-009-9271-y
  19. Gollier C (2001) The economics of risk and time. MIT Press, Cambridge, MassGoogle Scholar
  20. Gollier C (2006) Institute outlook: climate change and insurance: an evaluation of the Stern report on the economics of climate change, Barbon InstituteGoogle Scholar
  21. Harberger AC (1978) On the use of distributional weights in social cost-benefit analysis. J Polit Econ 86(S2): S87–S120. doi:10.1086/260696 CrossRefGoogle Scholar
  22. Harris C, Laibson D (2001) Dynamic choices of hyperbolic consumers. Econometrica 69(4): 935–957. doi:10.1111/1468-0262.00225 CrossRefGoogle Scholar
  23. Harsanyi JC (1955) Cardinal welfare, individualistic ethics, and interpersonal comparisons of utility. J Polit Econ 63(4): 309–321. doi:10.1086/257678 CrossRefGoogle Scholar
  24. Heal G (2008) Climate economics: a meta-review and some suggestions for future research. Rev Environ Econ Policy 3(1): 4–21. doi:10.1093/reep/ren014 CrossRefGoogle Scholar
  25. Heal G, Kriström B (2002) Uncertainty and climate change. Environ Resour Econ 22(1–2): 3–39. doi:10.1023/A:1015556632097 CrossRefGoogle Scholar
  26. Helm D (2008) Climate-change policy: why has so little been achieved?. Oxf Rev Econ Policy 24(2): 211–238. doi:10.1093/oxrep/grn014 CrossRefGoogle Scholar
  27. Henry C, Henry M (2002) Formalization and applications of the precautionary principle. Discussion Paper 2002009. Louvain, Belgium, Université Catholique de Louvain, Institut de Recherches Economiques et SocialesGoogle Scholar
  28. Hoel M, Sterner T (2007) Discounting and relative prices. Clim Change 84(3–4): 265–280. doi:10.1007/s10584-007-9255-2 CrossRefGoogle Scholar
  29. IMF (2009) Global economic slump challenges policies. World Economic Outlook (WEO). Update January 28th 2009. Washington, DC, IMFGoogle Scholar
  30. Institute for Fiscal Studies (2008) Pre-Budget report. London, Institute for Fiscal StudiesGoogle Scholar
  31. Kolstad C (1996) Fundamental irreversibilities in stock externalities. J Public Econ 60: 221–233. doi:10.1016/0047-2727(95)01521-3 CrossRefGoogle Scholar
  32. Kolstad C (1996) Learning and stock externalities in environmental regulations: the case of greenhouse gas emissions. J Environ Econ Manag 31: 1–18. doi:10.1006/jeem.1996.0028 CrossRefGoogle Scholar
  33. Larson DF, Breustedt G (2009). Will markets direct investments under the Kyoto Protocol? Lessons from the activities implemented jointly pilots. Environ Resour Econ doi: 10.1007/s10640-009-9272-x
  34. Layard R (2006) Happiness: lessons from a new science. Penguin, LondonGoogle Scholar
  35. Leiter AM, Oberhofer H, Raschky P (2009) Creative disasters? Flooding effects on capital, labour and productivity within European firms. Environ Resour Econ doi: 10.1007/s10640-009-9273-9
  36. Lind RC (ed) (1982) Discounting for time and risk in energy policy. Washington, D.C.; Baltimore, Resources for the future; Distributed by the Johns Hopkins University PressGoogle Scholar
  37. Maccheroni F, Marinacci M, Rustichini A (2006) Ambiguity aversion, robustness, and the variational representation of preferences. Econometrica 74(6): 1447–1498. doi:10.1111/j.1468-0262.2006.00716.x CrossRefGoogle Scholar
  38. Maddison DJ (2003) The amenity value of climate: the household production function approach. Resour Energy Econ 25: 155–175. doi:10.1016/S0928-7655(02)00024-6 CrossRefGoogle Scholar
  39. Maddison DJ (2007) Further comments on the Stern Review. Mimeo. University of Birmingham, Birmingham, UKGoogle Scholar
  40. Malueg DA, Yates AJ (2009) Strategic behavior, private information, and decentralization in the European Union Emissions Trading System. Environ Resour Econ doi: 10.1007/s10640-009-9274-8
  41. Manne A, Richels R (1995) The greenhouse debate: economic efficiency, burden sharing and hedging strategies. Energy J 16(4): 1–37Google Scholar
  42. Mendelsohn RO, Nordhaus WD, Shaw D (1994) The impact of global warming on agriculture: a Ricardian analysis. Am Econ Rev 84: 753–771Google Scholar
  43. Nordhaus WD (1994) Managing the global commons: the economics of climate change. MIT Press, Cambridge, MassGoogle Scholar
  44. Nordhaus WD (2007a) To tax or not to tax: alternative approaches to slowing global warming. Rev Environ Econ Policy 1(1): 26–44. doi:10.1093/reep/rem008 CrossRefGoogle Scholar
  45. Nordhaus WD (2007b) The real meaning of Weitzman’s dismal theorem. Mimeo. Yale University, New Haven, CTGoogle Scholar
  46. Nordhaus WD (2007c) A review of the Stern review on the economics of climate change. J Econ Lit 45(3): 686–702. doi:10.1257/jel.45.3.686 CrossRefGoogle Scholar
  47. Nordhaus WD (2008) A question of balance: weighing the options on global warming policies. Yale University Press, New Haven and LondonGoogle Scholar
  48. Nordhaus WD, Boyer J (2000) Warming the world: economic models of global warming. MIT Press, Cambridge, MassGoogle Scholar
  49. Nordhaus WD, Popp D (1997) What is the value of scientific knowledge? An application to global warming using the PRICE model. Energy J 18: 1–47Google Scholar
  50. Pearce DW, Ulph D (1999) A social discount rate for the United Kingdom. In: Pearce DW (eds) Environmental economics: essays in ecological economics and sustainable development. Cheltenham, Edward Elgar, pp 268–285Google Scholar
  51. Pindyck R (2000) Irreversibilities and the timing of environmental policy. Resour Energy Econ 22: 233–259. doi:10.1016/S0928-7655(00)00033-6 CrossRefGoogle Scholar
  52. Pizer WA (1999) The optimal choice of climate change policy in the presence of uncertainty. Resour Energy Econ 21: 255–287. doi:10.1016/S0928-7655(99)00005-6 CrossRefGoogle Scholar
  53. Quiggin J (2008) Stern and his critics on discounting and climate change: an editorial essay. Clim Change 89(3-4): 195–205. doi:10.1007/s10584-008-9434-9 CrossRefGoogle Scholar
  54. Rehdanz K, Maddison DJ (2005) Climate and happiness. Ecol Econ 52: 111–125. doi:10.1016/j.ecolecon.2004.06.015 CrossRefGoogle Scholar
  55. Roe GH, Baker MB (2007) Why is climate sensitivity so unpredictable. Science 318: 629–632. doi:10.1126/science.1144735 CrossRefGoogle Scholar
  56. Roland-Holst D (2008) Energy efficiency, innovation, and job creation in California. Center for Energy, Resources and Economic Sustainability, University of California, BerkeleyGoogle Scholar
  57. Seo SN, Mendelsohn R, Dinar A, Hassan R, Kurukulasuriya P (2009) A Ricardian analysis of the distribution of climate change impacts on agriculture across agro-ecological zones in Africa. Environ Resour Econ doi: 10.1007/s10640-009-9270-z
  58. Stern N (2007) The economics of climate change: the Stern review. Cambridge University Press, Cambridge UKGoogle Scholar
  59. Stern N (2008) The economics of climate change. Am Econ Rev 98(2): 1–37. doi:10.1257/aer.98.2.1 CrossRefGoogle Scholar
  60. Sterner T, Persson UM (2008) An even Sterner review: introducing relative prices into the discounting debate. Rev Environ Econ Policy 2(1): 61–76. doi:10.1093/reep/rem024 CrossRefGoogle Scholar
  61. Tol RSJ (2003) Is the uncertainty about climate change too large for expected cost-benefit analysis. Clim Change 56: 265–289. doi:10.1023/A:1021753906949 CrossRefGoogle Scholar
  62. Tsur Y, Zemel A (1996) Accounting for global warming risks: resource management under event uncertainty. J Econ Dyn Control 20(6-7): 1289–1305. doi:10.1016/0165-1889(95)00900-0 CrossRefGoogle Scholar
  63. Ulph A, Ulph D (1997) Global warming, irreversibility and learning. Econ J 107: 636–650. doi:10.1111/1468-0297.00181 CrossRefGoogle Scholar
  64. van Praag BMS (1988) Climate equivalence scales: an application of a general method. Eur Econ Rev 4: 1019–1024. doi:10.1016/0014-2921(88)90059-1 CrossRefGoogle Scholar
  65. Weitzman ML (1998) Why the far distant future should be discounted at its lowest possible rate. J Environ Econ Manag 36: 201–208. doi:10.1006/jeem.1998.1052 CrossRefGoogle Scholar
  66. Weitzman ML (2007) A review of the Stern review on the economics of climate change. J Econ Lit 45(3): 703–724. doi:10.1257/jel.45.3.703 CrossRefGoogle Scholar
  67. Weitzman ML (2009) On modelling and interpreting the economics of catastrophic climate change. Rev Econ Stat 91(1): 1–19. doi:10.1162/rest.91.1.1 CrossRefGoogle Scholar
  68. Zenghelis D, Stern N (2009) Principles for a global deal for limiting the risks from climate change. Environ Resour Econ doi:10.1007/s10640-009-9277-5

Copyright information

© Springer Science+Business Media B.V. 2009

Authors and Affiliations

  1. 1.Grantham Research Institute on Climate Change and the Environment and Department of Geography and EnvironmentLondon School of Economics and Political Science (LSE)LondonUK
  2. 2.Department of EconomicsUniversity of BirminghamEdgbaston, BirminghamUK

Personalised recommendations