Economic Theory and Global Warming

By Hirofumi Uzawa | Go to book overview

3
Global Warming and Tradable Emission Permits

1. INTRODUCTION

Among the many institutional arrangements and policy measures proposed to control the emission of carbon dioxide and other greenhouse gases and effectively abate the processes of global warming, the institution of international markets for tradable emission permits is probably the one that has most attracted the attention of the economist, as typically argued by Tietenberg (1985, 1992), Bertram (1992), and Barrett et al. (1992), Barrett and Taylor (1995) and others.

Bertram, Stephens, and Wallace (1989) argued that a worldwide system of tradable emission permitscould beaneffective way of advancing the interests of developing countries in harmony with the global community's interest in protecting the atmosphere. This egalitarian view was expounded and reinforced further by Grubb (1989, 1990), Hoel (1991), Tietenberg (1992), Rose and Stevens (1993), and others.

The main advantages of markets for tradable emission permits are their ability to achieve environmental aims with a minimal bureaucratic apparatus. One of the central problems with most such schemes is the allocation of the initial allotments among the countries involved. The “license to pollute” tends to be granted to those countries that are already major polluters with the result that the rents associated with a growing scarcity of pollution entitlements fall into the hands of these countries. However, as argued by Grubb (1989), of all the instruments examined, the system of tradable emission permits is the

-92-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Economic Theory and Global Warming
Table of contents

Table of contents

  • Title Page *
  • Contents v
  • List of Tables and Figures vii
  • Preface ix
  • Introduction - Global Warming: Problems and Perspectives 1
  • 1 - Global Warming and Carbon Taxes 22
  • 2 - Pareto Optimality and Social Optimum 60
  • 3 - Global Warming and Tradable Emission Permits 92
  • 4 - Dynamic Analysis of Global Warming 115
  • 5 - Dynamic Optimality and Sustainability 138
  • 6 - Global Warming and Forests 169
  • 7 - Global Warming as a Cooperative Game 193
  • Summary and Concluding Notes 241
  • References 261
  • Index 275
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
/ 279

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.