Incomplete model specification in a multi-pollutants setting : the case of climate change and acidification - INRAE - Institut national de recherche pour l’agriculture, l’alimentation et l’environnement Access content directly
Journal Articles Resource and Energy Economics Year : 2011

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

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.

Dates and versions

hal-02652318 , version 1 (29-05-2020)

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Sophie Legras. Incomplete model specification in a multi-pollutants setting : the case of climate change and acidification. Resource and Energy Economics, 2011, 33 (3), pp.527-543. ⟨10.1016/j.reseneeco.2010.11.001⟩. ⟨hal-02652318⟩

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