Economic links among countries, through trade, will cause the effects of greenhouse-gas control measures taken by one set of nations to ripple through the international trade system, affecting countries that may not have agreed to share the burdens of control. So, for example, emission...

Years of hard bargaining have failed to produce a policy architecture to adequately address the complexities of climate change. Very likely, such a structure will have to be sought though improvement of the partial architecture developed to date within the Framework Convention on Climate Change....

Policies under consideration within the Climate Convention would impose CO₂ controls on only a subset of nations. A model of economic growth and emissions, coupled to an analysis of the climate system, is used to explore the consequences of a sample proposal of this type. The results show how...

Policies to avert the threat of dangerous climate change focus on stabilizing atmospheric carbon dioxide concentrations by drastically reducing anthropogenic emissions of carbon. Such reductions require limiting the use of fossil fuels-which supply the bulk of energy to economic activity, and...

The research supported by this award pursued three lines of inquiry: (1) The construction of dynamic general equilibrium models to simulate the accumulation and substitution of knowledge, which has resulted in the preparation and submission of several papers: (a) A submitted pedagogic paper...