0262073021.The.MIT.Press.The.Design.of.Climate.Policy.Jan.2009.pdf

esign of

limate

olicy

edited by Roger Guesnerie and Henry Tulkens

Seminar Series

The Design of Climate

Policy

CESifo Seminar Series

edited by Hans-Werner Sinn

Labor Market Institutions and Public Regulation

Jonas Agell, Michael Keen, and Alfons J. Weichenrieder, editors

Venture Capital, Entrepreneurship, and Public Policy

Vesa Kanniainen and Christian Keuschnigg, editors

Exchange Rate Economics: Where Do We Stand?

Paul De Grauwe, editor

Prospects for Monetary Unions after the Euro

Paul De Grauwe and Jacques M´litz, editors

Structural Unemployment in Western Europe: Reasons and Remedies

Martin Werding, editor

Institutions, Development, and Economic Growth

Theo S. Eicher and Cecilia Garc ´ a-Pe˜ alosa, editors

Competitive Failures in Insurance Markets: Theory and Policy Implications

Pierre-Andr ´ Chiappori and Christian Gollier, editors

Japan’s Great Stagnation: Financial and Monetary Policy Lessons for Advanced

Economies

Michael M. Hutchison and Frank Westermann, editors

Tax Policy and Labor Market Performance

Jonas Agell and Peter Birch Sørensen, editors

Privatization Experiences in the European Union

Marko K¨ thenb¨ rger, Hans-Werner Sinn, and John Whalley, editors

Recent Developments in Antitrust: Theory and Evidence

Jay Pil Choi, editor

Schools and the Equal Opportunity Problem

Ludger Woessmann and Paul E. Peterson, editors

Economics and Psychology: A Promising New Field

Bruno S. Frey and Alois Stutzer, editors

Institutions and Norms in Economic Development

Mark Gradstein and Kai A. Konrad, editors

Pension Strategies in Europe and the United States

Robert Fenge, Georges de M ´ nil, and Pierre Pestieau, editors

Foreign Direct Investment and the Multinational Enterprise

Steven Brakman and Harry Garretsen, editors

Sustainability of Public Debt

Reinhard Neck and Jan-Egbert Sturm, editors

The Design of Climate Policy

Roger Guesnerie and Henry Tulkens, editors

See http://mitpress.mit.edu fo r a complete list of titles in this series.

The Design of Climate

Policy

edited by Roger Guesnerie and

Henry Tulkens

The MIT Press

Cambridge, Massachusetts

London, England

( 2008 Massachusetts Institute of Technology

tronic or mechanical means (including photocopying, recording, or information storage

and retrieval) without permission in writing from the publisher.

MIT Press books may be purchased at special quantity discounts for business or sales

promotional use. For information, please e mail special sales@mitpress.mit.edu or write

to Special Sales Department, The MIT Press, 55 Hayward Street, Cambridge, MA 02142.

This book was set in Palatino on 3B2 by Asco Typesetters, Hong Kong and was printed

and bound in the United States of America.

Library of Congress Cataloging in Publication Data

The design of climate policy / edited by Roger Guesnerie and Henry Tulkens.

p. cm. (CESifo seminar series)

Includes bibliographical references and index.

ISBN 978 0 262 07302 8 (hardcover : alk. paper) 1. Climatic changes Government

policy. 2. Climatic changes Economic aspects. I. Guesnerie, R. II. Tulkens, Henry.

III. CESifo.

QC981.8.C5D436 2008

363.738 0 7456 dc22

2008017557

10987654321

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