Author: Stephen DeCanio

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30 Jun

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"International Cooperation to Avert Global Warming: Economic Growth, Carbon Pricing, and Energy Efficiency" Journal of Environment and Development 1, 1992

Abstract

This paper develops a global simulation model linking economic growth, population growth, and fossil fuel carbon dioxide emissions. The equations of the model are estimated from historical data on a sample covering most of the countries of the world. The estimated relationships show that while increased economic...

30 Jun

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"Carbon Rights and Economic Development: A Property Rights Approach" Critical Review 6, 1992

Abstract

Even in the absence of complete scientific consensus on the magnitude, timing, and regional distribution of the effects of global warming caused by greenhouse gas emissions, it is worthwhile to examine potential policy responses to the prospect of climate change. An internalization of the greenhouse externality based on property rights in carbon emissions offers...

30 Jun

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"Barriers within Firms to Energy-Efficient Investments" Energy Policy 21, 1993

Abstract

Many investments in energy efficiency fail to be made despite their apparent profitability. Internal hurdle rates are often set at levels higher than the cost of capital to the firm. Reasons for these practices include bounded rationality, principal-agent problems, and moral hazard....