Analytic Solutions of Simple Optimal Greenhouse Gas Emission Models
Published 1 January 1996
Stephen C. Peck, Yong Wan
Citations22
Generate an AI Snapshot to get a quick, structured summary of this paper.
Study Snapshot
ObjectiveStudy objective
MethodsResearch methodology
PopulationPopulation studied
Sample sizeSample sizes
OutcomesStudy outcomes here
ResultsStudy results comes here
LimitationsResearch study limitations comes here
A concise AI-generated summary of the paper will appear here once you click Generate AI Snapshot.
Abstract
We demonstrate analytically the characteristics of optimal emission reduction policies by utilizing simple greenhouse gas emission cost reduction models for various climate damage functions. We also show how to incorporate these emission models into a decision framework to evaluate the value of information for key parameters. Comparative numerical examples are given.
Keywords
Economics, Econometrics and FinanceEnergyEngineering
The Economic JournalTo Slow or Not to Slow: The Economics of The Greenhouse Effect
1,503 Citations1991William D. Nordhaus
The Energy JournalCETA: A Model for Carbon Emissions Trajectory Assessment
378 Citations1992Stephen C. Peck, Thomas J. Teisberg
Journal of Environmental Economics and ManagementLearning and Stock Effects in Environmental Regulation: The Case of Greenhouse Gas Emissions
312 Citations1996Charles D. Kolstad
Resource and Energy EconomicsGlobal warming uncertainties and the value of information: an analysis using CETA
191 Citations1993Stephen C. Peck, Thomas J. Teisberg
American Economic ReviewHow Fast Should We Graze the Global Commons
133 Citations2016William D. Nordhaus