메뉴 건너뛰기




Volumn 31, Issue 8, 2003, Pages 691-701

The impact of possible climate catastrophes on global warming policy

Author keywords

Climate catastrophes; Cost benefit analysis; Global warming; Real options; Uncertainty

Indexed keywords

CLIMATOLOGY; COST BENEFIT ANALYSIS; RANDOM PROCESSES;

EID: 0037410699     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0301-4215(02)00101-5     Document Type: Article
Times cited : (42)

References (39)
  • 1
    • 0007388706 scopus 로고    scopus 로고
    • Decision-making frameworks for addressing climate change
    • Report by WorkingGroup I. WMO and UNEP, Cambridge University Press, NewYork 1990
    • Arrow, K.J., Parikh, J., Pillet, G., 1996. Decision-making frameworks for addressing climate change. In: IPCC, Report by Working Group I. WMO and UNEP, Cambridge University Press, New York, 1990, pp.52-77.
    • (1996) IPCC , pp. 52-77
    • Arrow, K.J.1    Parikh, J.2    Pillet, G.3
  • 2
    • 0007583318 scopus 로고
    • Uncertainty and global warming
    • The World Bank, Policy Research Working Paper 1417 February, Washington, DC.
    • Baranzini, A., Chesney, M., Morisset, J., 1995. Uncertainty and global warming. An option-pricing approach to policy. The World Bank, Policy Research Working Paper 1417, February, Washington, DC.
    • (1995) An Option-pricing Approach to Policy
    • Baranzini, A.1    Chesney, M.2    Morisset, J.3
  • 3
    • 84977723792 scopus 로고
    • Efficient analytic approximation of american option values
    • Barone-Adesi, G., Whaley, R.E., 1987. Efficient analytic approximation of american option values. Journal of Finance 42 (2), 301-320.
    • (1987) Journal of Finance , vol.42 , Issue.2 , pp. 301-320
    • Barone-Adesi, G.1    Whaley, R.E.2
  • 4
    • 84977707224 scopus 로고
    • The crash of '87: What is expected. The evidence from options markets
    • Bates, D.S., 1991. The crash of '87: What is expected. The evidence from options markets. Journal of Finance 3 1009-1044.
    • (1991) Journal of Finance , vol.3 , pp. 1009-1044
    • Bates, D.S.1
  • 5
    • 0029752721 scopus 로고    scopus 로고
    • Incorporating investment uncertainty into greenhouse policy models
    • Birge, J.R., Rosa, C.H., 1996. Incorporating investment uncertainty into greenhouse policy models. Energy Journal 17 (1), 79-90.
    • (1996) Energy Journal , vol.17 , Issue.1 , pp. 79-90
    • Birge, J.R.1    Rosa, C.H.2
  • 6
    • 85015692260 scopus 로고
    • The pricing of options and corporate liabilities
    • Black, F., Scholes, M., 1973. The pricing of options and corporate liabilities. Journal of Political Economy 81 637-659.
    • (1973) Journal of Political Economy , vol.81 , pp. 637-659
    • Black, F.1    Scholes, M.2
  • 7
    • 34249001730 scopus 로고
    • Strategies for international protection of the environment
    • Carraro, C., Siniscalco, D., 1993. Strategies for international protection of the environment. Journal of Public Economics 52, 309-328.
    • (1993) Journal of Public Economics , vol.52 , pp. 309-328
    • Carraro, C.1    Siniscalco, D.2
  • 10
    • 0003896237 scopus 로고
    • The Institute for International Economy, Washington, DC, 399 pp.
    • Cline, W.R., 1992. The Economics of Global Warming. The Institute for International Economy, Washington, DC, 399 pp.
    • (1992) The Economics of Global Warming
    • Cline, W.R.1
  • 11
  • 12
    • 0042341910 scopus 로고
    • The economics of controlling stock pollutants: an efficient strategy for greenhouse gases
    • Falk, I., Mendelsohn, R., 1993. The economics of controlling stock pollutants: An efficient strategy for greenhouse gases. Journal of Environmental Economics and Management 25, 76-88.
    • (1993) Journal of Environmental Economics and Management , vol.25 , pp. 76-88
    • Falk, I.1    Mendelsohn, R.2
  • 14
    • 0033180564 scopus 로고    scopus 로고
    • Optimal climate policy under the possibility of a catastrophe
    • Gjerde, J., Grepperud, S., Kvernodokk, S., 1999. Optimal climate policy under the possibility of a catastrophe. Resource and Energy Economics 21 (3-4), 289-317.
    • (1999) Resource and Energy Economics , vol.21 , Issue.3 , pp. 289-317
    • Gjerde, J.1    Grepperud, S.2    Kvernodokk, S.3
  • 15
    • 0003233867 scopus 로고    scopus 로고
    • An economic assessment of policy instruments for combating climate change
    • Second Assessment Report by Working Group III. WMO and UNEP, Cambridge University Press, New York
    • Goldemberg, J., Squitieri, R., Stiglitz, J., Amano, A., Shaoxiong, X., Saha, R., 1996. Introduction: Scope of the assessment. In: IPCC, Second Assessment Report by Working Group III. WMO and UNEP, Cambridge University Press, New York, pp. 17-51.
    • (1996) IPCC , pp. 397-439
    • Fischer, B.S.1    Barret, S.2    Bohm, P.3    Kurada, M.4    Mubazi, J.K.E.5    Shah, A.6    Stavins, R.N.7
  • 19
    • 0038610460 scopus 로고    scopus 로고
    • Climate change 2001
    • IPCC Cambridge University Press, New York
    • IPCC 2001. Climate change 2001. Third Assessment Report. Cambridge University Press, New York.
    • (2001) Third Assessment Report
  • 20
    • 0028595851 scopus 로고
    • George Bush versus Al Gore. Irreversibilities in greenhouse gas accumulation and emission control investment
    • Kolstad, C.D., 1995. George Bush versus Al Gore. Irreversibilities in greenhouse gas accumulation and emission control investment. Energy Policy 22 (9), 771-778.
    • (1995) Energy Policy , vol.22 , Issue.9 , pp. 771-778
    • Kolstad, C.D.1
  • 21
    • 0029515139 scopus 로고
    • A cost-benefit analysis of slowing climate change
    • Maddison, D., 1995. A cost-benefit analysis of slowing climate change. Energy Policy 23 (4/5), 337-346.
    • (1995) Energy Policy , vol.23 , Issue.4-5 , pp. 337-346
    • Maddison, D.1
  • 23
    • 0002867242 scopus 로고    scopus 로고
    • Applicability of techniques of cost-benefit analysis to climate change
    • WMO and UNEP, Cambridge University Press, New York
    • Munasinghe, M., Meier, P., Hoel, M., Hong, S.W., Aaheim, A., 1996. Applicability of techniques of cost-benefit analysis to climate change. In: IPCC, Second Assessment Report by Working Group III. WMO and UNEP, Cambridge University Press, New York, pp. 149-177.
    • (1996) IPCC, Second Assessment Report by Working Group III , pp. 149-177
    • Munasinghe, M.1    Meier, P.2    Hoel, M.3    Hong, S.W.4    Aaheim, A.5
  • 24
    • 0000488534 scopus 로고
    • To slow or not to slow: the economics of the greenhouse effect
    • Nordhaus, W.D., 1991. To slow or not to slow: The economics of the greenhouse effect. The Economic Journal 101, 920-937.
    • (1991) The Economic Journal , vol.101 , pp. 920-937
    • Nordhaus, W.D.1
  • 25
    • 0026288763 scopus 로고
    • A sketch of the economics of the greenhouse effect
    • Nordhaus, W.D., 1991. A sketch of the economics of the greenhouse effect. American Economic Review 81 (2), 146-150.
    • (1991) American Economic Review , vol.81 , Issue.2 , pp. 146-150
    • Nordhaus, W.D.1
  • 26
    • 0001856379 scopus 로고
    • Reflections on the economics of climate change
    • Nordhaus, W.D., 1993. Reflections on the economics of climate change. Journal of Economic Perspectives 7 (4), 11-25.
    • (1993) Journal of Economic Perspectives , vol.7 , Issue.4 , pp. 11-25
    • Nordhaus, W.D.1
  • 29
    • 0027568718 scopus 로고
    • Global warming uncertainties and the value of information: an analysis using CETA
    • Peck, S.C., Teisberg, T.J., 1993. Global warming uncertainties and the value of information: an analysis using CETA. Resource and Energy Economics 15, 71-97.
    • (1993) Resource and Energy Economics , vol.15 , pp. 71-97
    • Peck, S.C.1    Teisberg, T.J.2
  • 30
    • 0000281418 scopus 로고
    • Irreversibility, uncertainty, and investment
    • Pindyck, R.S., 1991. Irreversibility, uncertainty, and investment. Journal of Economic Literature 39, 1110-1148.
    • (1991) Journal of Economic Literature , vol.39 , pp. 1110-1148
    • Pindyck, R.S.1
  • 32
    • 0013351964 scopus 로고    scopus 로고
    • Mother nature's wrath
    • February
    • Reynolds, P., 1999. Mother nature's wrath. Time, 22 February, p. 54.
    • (1999) Time , vol.22 , pp. 54
    • Reynolds, P.1
  • 33
    • 0029521203 scopus 로고
    • Intergenerational discounting
    • Schelling, T.C., 1994 Intergenerational discounting. Energy Policy, 23 (4/5), 395-402.
    • (1994) Energy Policy , vol.23 , Issue.4-5 , pp. 395-402
    • Schelling, T.C.1
  • 34
    • 0029416171 scopus 로고
    • The option value of renewable energy: The case of climate change
    • Schimmelpfennig, D. 1995. The option value of renewable energy: The case of climate change. Energy Economics, 17 (4), 311-317.
    • (1995) Energy Economics , vol.17 , Issue.4 , pp. 311-317
    • Schimmelpfennig, D.1
  • 36
    • 0032990213 scopus 로고    scopus 로고
    • Time discounting and optimal emission reduction: An application of fund
    • Tol, R.S.J., 1999. Time discounting and optimal emission reduction: An application of fund. Climatic Change, 41 (3), 351-362.
    • (1999) Climatic Change , vol.41 , Issue.3 , pp. 351-362
    • Tol, R.S.J.1
  • 37
    • 0030160418 scopus 로고    scopus 로고
    • Accounting for global warming risks: Resource management under uncertainty
    • Tsur, Y., Zemel, A., 1996. Accounting for global warming risks: Resource management under uncertainty. Journal of Economic Dynamics and Control, 20 1289-1305.
    • (1996) Journal of Economic Dynamics and Control , vol.20 , pp. 1289-1305
    • Tsur, Y.1    Zemel, A.2
  • 38
    • 0030153453 scopus 로고    scopus 로고
    • Exercises in hedging against extreme consequences of global change and the expected value of information
    • Yohe, G., 1996. Exercises in hedging against extreme consequences of global change and the expected value of information. Global Environmental Change, 2 87-101.
    • (1996) Global Environmental Change , vol.2 , pp. 87-101
    • Yohe, G.1
  • 39
    • 0001309228 scopus 로고
    • Formules quasi-explicites pour les options amérícaínes un modèle de diffusion avec sauts.
    • Zhang, X., 1995. Formules quasi-explicites pour les options américaines dans un modèle de diffusion avec sauts. Mathematics and Computers in Simulation 38 (1-3), 151-161.
    • (1995) Mathematics and Computers in Simulation , vol.38 , Issue.1 , pp. 151-161
    • Zhang, X.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.