Day: September 16, 1993

Documents

Problems of regulating environmental externalities

Environmental regulation is defined as regulation undertaken to protect environmental standards. The precise objectives are, however, frequently far less clear, sometimes even to the regulator. Definition of precise objecives of the regulation is a crucial first step.

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Documents

The optimal control of global warming

This paper integrates a simple model of the global economy with a model of the global climate in order to calculate the associated evolution of global warming over the very long term. It includes both a brief non technical overview of the model and a detailed description of the model.

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Documents

Notes on energy prices and regulatory policy

Energy prices are a much favoured target of public policy, subject to price controls in franchised monopoly markets, with a levy applied to electricity generated from fossil-fuel generating sets passed over to the operators of nuclear power stations.

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