Price control

1) What kind of “economic problem” can climate change be characterized as? What type of good is “climate change abatement”?

2) Briefly explain four of the critiques that Mendelsohn mentioned about the assumptions in Stern Report.

3) Describe the interactions between intergenerational equity and uncertainty in the context of climate change.

4) What are the opportunity costs of slowing global warming by reducing carbon dioxide emissions?

5) Briefly explain the Waxman-Markey bill.

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