Economic Models of Climate Change: A Critique

by S. DeCanio

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.

Product Details

ISBN-13:	9781403963369
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)

About the Author

STEPHEN J. DECANIO is Professor of Economics at the University California, Santa Barbara. He received his Ph.D. in Economics from the Massachusetts Institute of Technology and taught at Yale University before going to UCSB. He was recipient of the U.S. Environmental Protection Agency's Stratospheric Ozone Protection Award in 1996.

Table of Contents

An Overview of the Issues The Representation of Consumers' Preferences and Market Demand The Treatment of Time The Representation of Production The Forecasting Performance of Energy-Economic Models Principles for the Future References Index

Editorial Reviews

'... 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

From the Publisher