Economic Models of Climate Change: A Critique

Economic Models of Climate Change: A Critique

by S. DeCanio
     
 
The climate policy debate has been dominated by economic estimates of the costs of policies to reduce greenhouse gas emissions. Yet the models used to derive those estimates are based on assumptions that have largely gone untested. The conventional approach embodies structural features that rule out alternative market outcomes. In addition, the distribution of

Overview

The climate policy debate has been dominated by economic estimates of the costs of policies to reduce greenhouse gas emissions. Yet the models used to derive those estimates are based on assumptions that have largely gone untested. The conventional approach embodies structural features that rule out alternative market outcomes. In addition, the distribution of 'climate rights' is crucial to determining the economic affects of various policies. Bringing these considerations to the forefront shows how domestic and international policy solutions might be found.

Editorial Reviews

From the Publisher

'... A wonderful exploration of the limitations of all economic forecasting models ... And is enormously helpful for determining when economic results are credible... DeCanio's book is the first I've seen to analyze this issue in a comprehensive way...' - Ecological Economics

Product Details

ISBN-13:
9781403963352
Publisher:
Palgrave Macmillan UK
Publication date:
08/19/2003
Edition description:
2003
Pages:
203
Product dimensions:
5.51(w) x 8.50(h) x 0.02(d)

Meet the Author

Stephen J. DeCanio is Professor of Economics at the University California, Santa Barbara.

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >