"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....
"The Future Through Yesterday: Long-Term Forecasting in the Novels of H.G. Wells and Jules Verne" The Centennial Review 38, 1994
Introductory Paragraph:
Suppose you were living in 1896, the date Arrhenius published his amazing paper on the Greenhouse Effect, and that your profession or intellectual passion was to predict the distant future....
"Economic Modeling and the False Tradeoff Between Environmental Protection and Economic Growth" Contemporary Economic Policy 15, 1997
Abstract
One important element of the current policy debate on what measures should be taken to reduce greenhouse gas emissions is the controversy over the costs of reducing those emissions. “Top-down ” macroeconomic and general equilibrium models give much higher estimates of the costs than “bottom-up” models based on microeconomic and...