This study uses a three-step approach to estimate the impact of global warming on U.S. energy expenditures for space heating and cooling in residential and commercial buildings. First, average results from six different global circulation models are used to estimate the change in heating and...

One of the most hotly contested of all energy policy issues involves Corporate Average Fuel Economy (or CAFE) standards for new cars and light-duty trucks. Tighter standards would reduce gasoline consumption, and hence both greenhouse gas emissions as well as this country's vulnerability to oil...

Public concern and scientific research on health, safety, and environmental externalities (HSE) lured a number of economists to apply their tools and models to these issues. The materials balance model and the environmental models of are examples of incorporating HSE externalities into standard...