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Tables of Contents for Global Environmental Economics
Chapter/Section Title
Page #
Page Count
Preface
ix
4
Introduction
xiii
 
Chapter 1: Issues of Global Environmental Economics
1
19
1.1 The Scope of the Problem
1
4
1.2 World Fossil Fuel Use
5
4
1.3 Technological Patterns
9
3
1.4 Uncertainty Analysis
12
1
1.5 Design of an International Regime
13
3
1.6 Adaptation
16
2
References
18
2
Chapter 2: Economic Models of Optimal Energy Use Under Environmental Constraints
20
61
2.1 Introduction
20
2
2.2 Some Economic Studies on the CO(2) Problem
22
4
2.3 Preliminary Definitions and the General Model
26
2
2.4 A Simplified Model
28
9
2.4.1 Necessary Conditions
29
2
2.4.2 Sufficient Conditions
31
1
2.4.3 Definition and Optimality of Equilibrium
32
1
2.4.4 Illustration by a Phase Plane Diagram
33
4
2.5 A Discrete Type Impact of CO(2) Emissions
37
5
2.6 Further Specification of the Model
42
3
2.7 An Extended Cobb-Douglas Model
45
3
2.8 Discussion and Perspective
48
3
2.9 A Taxonomy of Technical Change
51
4
2.10 Impacts of Technological Change in CO(2) Emission Control
55
9
2.11 Exponential Technical Progress in a Benchmark Model
64
2
2.12 International Co-operation
66
7
2.13 Conclusions and Perspectives
73
1
Appendix A
74
3
Appendix B
77
1
References
78
3
Chapter 3: Uncertainty in Economic Models of Optimal Energy Use
81
21
3.1 Introduction
81
2
3.2 Structural Uncertainty in a Simple Aggregate EEE Model
83
4
3.3 Example in a Specified Model
87
3
3.4 Impact of Uncertainty Treatment and Parameter Changes
90
2
3.5 Numerical Calculations
92
2
3.6 Impact of Uncertainty Treatment and Model Changes
94
5
3.7 Conclusions
99
1
References
100
2
Chapter 4: Long-Run Investment and Technical Progress: Dynamic and Vintage-Type Models
102
41
4.1 Introduction
102
3
4.2 First-Order Necessary Conditions
105
2
4.3 Long-Run Equilibrium
107
4
4.4 Simplification of Model for Computational Purposes
111
1
4.5 Classification of Equilibria
112
4
4.5.1 Stationary Equilibrium
112
1
4.5.2 Balanced Growth Equilibrium
112
1
4.5.3 Optimality of Equilibrium
113
3
4.6 Characterization of Equilibrium
116
4
4.7 Numerical Examples
120
4
4.8 More on Endogenous Technical Progress
124
2
4.9 A Vintage Model
126
3
4.10 The Analysis of Necessary Conditions
129
3
4.11 Neutral Technical Progress
132
2
4.12 Induced Price Changes
134
2
4.13 Consideration of Model Workability
136
2
4.14 Specific Model Characteristics
138
2
4.15 Conclusions
140
1
References
141
2
Chapter 5: Energy - Economy - Environmental Models with Special Reference to CO(2) Emission Control
143
35
5.1 Introduction
143
1
5.2 Review of Energy - Economy - Environmental (EEE) Models
144
5
5.3 Treatment of New Energy Technologies
149
2
5.4 Economic Models of Pollution and Control
151
3
5.5 International Issues
154
4
5.6 Technology Issues
158
3
5.7 Issues of Uncertainty
161
4
5.8 Philosophy of EEE Modelling
165
2
5.9 Policy Analysis of EEE Models
167
3
5.10 Classification of EEE Models
170
2
5.11 Lessons Learned from Modelling Exercises
172
2
References
174
4
Chapter 6: A Simple Endogenous Model of Economic Activity and Climate Change
178
37
6.1 Introduction
178
3
6.2 Economic and Natural Environment
181
3
6.3 Competitive Equilibrium
184
5
6.4 Properties of the Law of Motion of Temperature
189
6
6.5 Equilibrium Time Path of Global Temperature: Case 1
195
2
6.6 Equilibrium Time Path of Global Temperature: Case 2
197
4
6.7 Chaotic Climate Dynamics
201
3
6.8 Concluding Remarks
204
2
Appendix
206
7
References
213
2
Chapter 7: Global Environmental Economics and Economic Growth
215
44
7.1 Introduction
215
2
7.2 Cumulative Pollutants and the Rate of Economic Growth
217
6
7.3 Economic Growth in an Unregulated Economy
223
8
7.4 Economic Growth in a Degrading Economy
231
6
7.5 Economic Growth in the Spaceship Economy
237
11
7.6 Dynamic Equilibrium in the Spaceship Economy
248
6
7.7 An Evaluation of the Model and some Conclusions
254
2
7.8 Some Long-Term Implications of the Model
256
2
References
258
1
Chapter 8: Optimal Economic Growth when CO(2) Constraints are Critical
259
21
8.1 Introduction
259
1
8.2 Formulation of the Problem
260
4
8.3 Derivation of the Necessary Conditions
264
1
8.4 Analysis of the Necessary Conditions
265
12
8.5 Conclusion
277
2
References
279
1
Chapter 9: Uncertainty, Value of Information and Greenhouse Gas Emissions
280
39
9.1 Introduction
280
2
9.2 An Illustrative Example -- Evaluating a Climate Research and Monitoring Programme
282
11
9.3 The Value of Information in a Stochastic Dynamic Programme
293
8
9.4 Optimal Policies in a Stochastic Dynamic Programme
301
6
9.5 Resource Costs and Critical Probabilities
307
7
9.6 Conclusions
314
3
References
317
2
Epilogue
319
6
Index
325