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Journal of Public Economic Theory
 
Read a special issue of JPET
Managing Climate Change
Issue edited by: Roger Guesnerie, College of France and
(Lord) Nicholas Stern, London School of Economics
 
Wiley-Blackwell is pleased to announce a special issue of the Journal of Public Economic Theory on Managing Climate Change. This issue is edited by two internationally renowned economists who combine the expertise of economic theory - with its application to issues at the forefront of climate change - and its economic consequences. Editors Roger Guesnerie and (Lord) Nicholas Stern are passionate about their subject and have sought out leading researchers in the area of climate change to contribute to the issue. The contributors include, among others, Professors William Nordhaus of Yale University, Martin Weitzman of Harvard University, Ujjayant Chakravorty, and Thomas Sterner.

The articles in the issue address the timely and undeniably important question of how to evaluate the potential consequences of current economic decisions. Intertemporal values will have a profound effect on any assessment of the issues and on the shaping of policy and must be examined directly. A central issue is the probability of catastrophic future events and how these should be taken into account. Innovation and radical technological change must be at the heart of emissions reductions, but policy to foster the change must be carefully crafted - the pace and time path of emissions reductions are crucial, not just the eventual flow.
 
Enjoy FREE access to articles in this special issue:

Introduction to the Special Issue on Managing Climate Change
ROGER GUESNERIE and NICHOLAS STERN

Economic Policy in the Face of Severe Tail Events
WILLIAM D. NORDHAUS

GHG Targets as Insurance Against Catastrophic Climate Damages
MARTIN L. WEITZMAN

Ecological Intuition versus Economic "Reason"
OLIVIER GU√ČANT, ROGER GUESNERIE and JEAN-MICHEL LASRY

Equity Between Overlapping Generations
JOHN QUIGGIN

Climate Policy, Uncertainty, and the Role of Technological Innovation
CAROLYN FISCHER and THOMAS STERNER

Optimal Extraction of a Polluting Nonrenewable Resource with R&D toward a Clean Backstop Technology
FANNY HENRIET

Resource Use under Climate Stabilization: Can Nuclear Power Provide Clean Energy?
UJJAYANT CHAKRAVORTY, BERTRAND MAGNE and MICHEL MOREAUX
 
About JPET:

Edited by: John P. Conley and Myrna Wooders

Published on behalf of the Association for Public Economic Theory

Journal of Public Economic Theory (JPET) is dedicated to stimulating research in the rapidly growing field of public economics. Submissions are judged on the basis of their creativity and rigor, and the Journal imposes neither upper nor lower boundary on the complexity of the techniques employed. The journal focuses on such topics as public goods, local public goods, club economies, externalities, taxation, growth, public choice, social and public decision making, voting, market failure, regulation, project evaluation, equity, and political systems. Coverage includes a wide range of theoretical approaches, including general equilibrium theory, game theory, evolution, experimentation, control theory and dynamics, simulation, axiomatic characterization, and first order and comparative static methods.
 
 
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