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The Problem of the Commons: Still Unsettled After 100 Years
(John F. Kennedy School of Government, Harvard University, 2010)
The problem of the commons is more important to our lives and thus more central to economics than a century ago when Katharine Coman led off the first issue of the American Economic Review. As the U.S. and other economies ...
Three Key Elements of Post-2012 International Climate Policy Architecture
(John F. Kennedy School of Government, Harvard University, 2010)
We describe three essential elements of an effective post-2012 international global climate policy architecture: a means to ensure that key industrialized and developing nations are involved in differentiated but meaningful ...
The Effect of Allowance Allocations on Cap-and-Trade System Performance
(John F. Kennedy School of Government, Harvard University, 2010)
We examine an implication of the “Coase Theorem” which has had an important impact both on environmental economics and on public policy in the environmental domain. Under certain conditions, the market equilibrium in a ...
Interactions Between State and Federal Climate Change Policies
(John F. Kennedy School of Government, Harvard University, 2010)
Federal action addressing climate change is likely to emerge either through new legislation or via the U.S. EPA’s authority under the Clean Air Act. The prospect of federal action raises important questions regarding the ...