Global warming is widely considered to be one of the most serious environmental problems for current and future generations. Moreover, the apparent failure of the Kyoto Protocol to effect a meaningful reduction in greenhouse gas emissions has increased the importance of economic research into new ways to control global warming. In this exhaustive study, the authors break new ground by integrating cutting edge insights on global warming from three different perspectives: game theory, cost-effectiveness analysis and public choice.
For each perspective the authors provide an overview of important results, discuss the theoretical consistency of the models and assumptions, highlight the practical problems which are not yet captured by theory and explore the different applications to the various problems encountered in global warming. They demonstrate how each perspective has its own merits and weaknesses, and advocate an integrated approach as the best way forward. They also propose a research agenda for the future which encompasses the three methods to create a powerful tool for the analysis and resolution of global pollution problems.
Surveying a large amount of literature and providing plentiful examples of potential applications, this extensive book combines three branches of economic research on global warming into one accessible volume. It will be widely read by students and scholars in environmental courses, environmental and resource economists, and those working in governmental and non-governmental organisations concerned with international environmental problems.
Edited by Christoph Boehringer, Chair of Economic Policy, University of Oldenburg, Germany, Michael Finus, Professor, Chair in Environmental Economics at the University of Bath, UK and Carsten Vogt, Research Fellow, Centre for European Economic Research, Mannheim, Germany
Contents: 1. Introduction 2. Game Theory and International Environmental Cooperation: Any Practical Application? 3. Economic Impacts of Carbon Abatement Strategies 4. On the Political Economy of International Environmental Agreements - Some Theoretical Considerations and Empirical Findings 5. Interest Group Preference for Instruments of Environmental Policy: An Overview 6. Interest Group Preference for International Emissions Trading Scheme 7. Conclusion Index