IDEAS home Printed from https://ideas.repec.org/a/eee/resene/v33y2011i3p527-543.html
   My bibliography  Save this article

Incomplete model specification in a multi-pollutants setting: The case of climate change and acidification

Author

Listed:
  • Legras, Sophie

Abstract

This paper analyses the consequences of incomplete environmental model specification on policy design in a multi-pollutants framework. Focusing on the correlations between aerosols and greenhouse gases, the paper compares abatement and stock targets setting for various cases of incomplete model specification. Both cases of lax and stringent regulation, compared to what is socially optimum, may arise. Furthermore, the lax/stringent nature of the policies may evolve over time, so that the time horizon of policy design matters in assessing the impact of incomplete model specification.

Suggested Citation

  • Legras, Sophie, 2011. "Incomplete model specification in a multi-pollutants setting: The case of climate change and acidification," Resource and Energy Economics, Elsevier, vol. 33(3), pages 527-543, September.
    • Handle: RePEc:eee:resene:v:33:y:2011:i:3:p:527-543
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0928765510000679
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. J. Reilly & R. Prinn & J. Harnisch & J. Fitzmaurice & H. Jacoby & D. Kicklighter & J. Melillo & P. Stone & A. Sokolov & C. Wang, 1999. "Multi-gas assessment of the Kyoto Protocol," Nature, Nature, vol. 401(6753), pages 549-555, October.
    2. Baumgärtner, Stefan & Jöst, Frank & Winkler, Ralph, 2009. "Optimal dynamic scale and structure of a multi-pollution economy," Ecological Economics, Elsevier, vol. 68(4), pages 1226-1238, February.
    3. Scott Barrett, 2008. "The Incredible Economics of Geoengineering," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 39(1), pages 45-54, January.
    4. Erik Schmieman & Ekko van Ierland & Leen Hordijk, 2002. "Dynamic Efficiency with Multi-Pollutants and Multi-Targets The Case of Acidification and Tropospheric Ozone Formation in Europe," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 23(2), pages 133-148, October.
    5. Meinrat O. Andreae & Chris D. Jones & Peter M. Cox, 2005. "Strong present-day aerosol cooling implies a hot future," Nature, Nature, vol. 435(7046), pages 1187-1190, June.
    6. Moslener, Ulf & Requate, Till, 2009. "The dynamics of optimal abatement strategies for multiple pollutants--An illustration in the Greenhouse," Ecological Economics, Elsevier, vol. 68(5), pages 1521-1534, March.
    7. H. Aaheim, 1999. "Climate Policy with Multiple Sources and Sinks of Greenhouse Gases," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 14(3), pages 413-430, October.
    8. Caplan, Arthur J. & Silva, Emilson C.D., 2005. "An efficient mechanism to control correlated externalities: redistributive transfers and the coexistence of regional and global pollution permit markets," Journal of Environmental Economics and Management, Elsevier, vol. 49(1), pages 68-82, January.
    9. Moslener, Ulf & Requate, Till, 2007. "Optimal abatement in dynamic multi-pollutant problems when pollutants can be complements or substitutes," Journal of Economic Dynamics and Control, Elsevier, vol. 31(7), pages 2293-2316, July.
    10. Yang, Zili, 2006. "Negatively correlated local and global stock externalities: tax or subsidy?," Environment and Development Economics, Cambridge University Press, vol. 11(3), pages 301-316, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jing Xu, 2018. "International environmental agreements with agenda and interaction between pollutants," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 18(2), pages 153-174, April.
    2. Camille Regnier & Sophie Legras, 2018. "Urban Structure and Environmental Externalities," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 70(1), pages 31-52, May.
    3. Ambec, Stefan & Coria, Jessica, 2018. "Policy spillovers in the regulation of multiple pollutants," Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 114-134.
    4. Gren, Ing-Marie & Ang, Frederic, 2019. "Stacking of abatement credits for cost-effective achievement of climate and water targets," Ecological Economics, Elsevier, vol. 164(C), pages 1-1.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Legras, Sophie, 2010. "Managing correlated stock externalities: water taxes with a pinch of salt," Environment and Development Economics, Cambridge University Press, vol. 15(3), pages 275-292, June.
    2. Camille Regnier & Sophie Legras, 2018. "Urban Structure and Environmental Externalities," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 70(1), pages 31-52, May.
    3. Gautier Luis, 2019. "The Role of Multiple Pollutants and Pollution Intensities in the Policy Reform of Taxes and Standards," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 19(3), pages 1-20, July.
    4. Jing Xu, 2018. "International environmental agreements with agenda and interaction between pollutants," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 18(2), pages 153-174, April.
    5. Zhang, Xiao-Bing & Xu, Jing, 2018. "Optimal policies for climate change: A joint consideration of CO2 and methane," Applied Energy, Elsevier, vol. 211(C), pages 1021-1029.
    6. Fabio Antoniou & Efthymia Kyriakopoulou, 2019. "On the Strategic Effect of International Permits Trading on Local Pollution," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(3), pages 1299-1329, November.
    7. Kuosmanen, Timo & Laukkanen, Marita, 2009. "(In)Efficient Management of Interacting Environmental Bads," Discussion Papers 54287, MTT Agrifood Research Finland.
    8. Ralph Winkler, 2008. "Optimal control of pollutants with delayed stock accumulation," CER-ETH Economics working paper series 08/91, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    9. Guy Meunier, 2015. "Prices vs. quantities in presence of a second, unpriced, externality," Working Papers hal-01242040, HAL.
    10. John K. Stranlund & Insung Son, 2019. "Prices Versus Quantities Versus Hybrids in the Presence of Co-pollutants," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(2), pages 353-384, June.
    11. Li, Huiquan & Guo, Genlong, 2019. "A differential game analysis of multipollutant transboundary pollution in river basin," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 535(C).
    12. Andreas Schaefer, 2016. "Survival to Adulthood and the Growth Drag of Pollution," CER-ETH Economics working paper series 16/241, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    13. Ambec, Stefan & Coria, Jessica, 2013. "Prices vs quantities with multiple pollutants," Journal of Environmental Economics and Management, Elsevier, vol. 66(1), pages 123-140.
    14. Boon-Ling Yeo & Andrew Coleman, 2019. "Taxes versus emissions trading system: evaluating environmental policies that affect multiple types of pollution," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 21(1), pages 141-169, January.
    15. Onyimadu, Chukwuemeka, 2015. "Managing an Accumulative Inorganic Pollutant: An Optimal Tax Prescription for the Social Planner," MPRA Paper 77196, University Library of Munich, Germany.
    16. Baumgärtner, Stefan & Jöst, Frank & Winkler, Ralph, 2009. "Optimal dynamic scale and structure of a multi-pollution economy," Ecological Economics, Elsevier, vol. 68(4), pages 1226-1238, February.
    17. Stéphane De Cara & Elodie Debove & Pierre-Alain Jayet, 2006. "The Global Warming Potential Paradox: Implications for the Design of Climate Policy," Working Papers 2006/03, INRA, Economie Publique.
    18. Magnus, Jan R. & Melenberg, Bertrand & Muris, Chris, 2011. "Global Warming and Local Dimming: The Statistical Evidence," Journal of the American Statistical Association, American Statistical Association, vol. 106(494), pages 452-464.
    19. Martin L. Weitzman, 2015. "A Voting Architecture for the Governance of Free-Driver Externalities, with Application to Geoengineering," Scandinavian Journal of Economics, Wiley Blackwell, vol. 117(4), pages 1049-1068, October.
    20. Pauli Lappi & Markku Ollikainen, 2019. "Optimal Environmental Policy for a Mine Under Polluting Waste Rocks and Stock Pollution," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(1), pages 133-158, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:resene:v:33:y:2011:i:3:p:527-543. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505569 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.