Edited by Michael Hoel, Professor of Economics, University of Oslo, Norway

• Contents:Volume IAcknowledgementsIntroduction Michael HoelPART IENVIRONMENTAL ECONOMICS PRIOR TO 19931. Maureen L. Cropper and Wallace E. Oates (1992), ‘Environmental Economics: A Survey’PART IIENVIRONMENTAL REGULATION 2. Robert N. Stavins (1996), ‘Correlated Uncertainty and Policy Instrument Choice’3. Larry Karp and John Livernois (1994), ‘Using Automatic Tax Changes to Control Pollution Emissions’4. Gary Biglaiser, John K. Horowitz and John Quiggin (1995), ‘Dynamic Pollution Regulation’5. Arun S. Malik (1993), ‘Self-Reporting and the Design of Policies for Regulating Stochastic Pollution’6. Juan-Pablo Montero (2002), ‘Prices versus Quantities with Incomplete Enforcement’7. A. Lans Bovenberg and Ruud A. de Mooij (1994), ‘Environmental Levies and Distortionary Taxation’8. A. Lans Bovenberg and Lawrence H. Goulder (1996), ‘Optimal Environmental Taxation in the Presence of Other Taxes: General-Equilibrium Analyses’9. Lawrence H. Goulder, Ian W.H. Parry, Roberton C. Williams III and Dallas Burtraw (1999), ‘The Cost-Effectiveness of Alternative Instruments for Environmental Protection in a Second-Best Setting’10. Bruno S. Frey and Felix Oberholzer-Gee (1997), ‘The Cost of Price Incentives: An Empirical Analysis of Motivation Crowding-Out’11. Seema Arora and Timothy N. Cason (1995), ‘An Experiment in Voluntary Environmental Regulation: Participation in EPA’s 33/50 Program’12. Kathleen Segerson and Thomas J. Miceli (1998), ‘Voluntary Environmental Agreements: Good or Bad News for Environmental Protection?’PART IIIINTERTEMPORAL EFFICIENCY AND INTERGENERATIONAL EQUITY 13. Michael Hoel and Larry Karp (2002), ‘Taxes versus Quotas for a Stock Pollutant’14. Michael Hoel and Snorre Kverndokk (1996), ‘Depletion of Fossil Fuels and the Impacts of Global Warming’15. Ujjayant Chakravorty, James Roumasset and Kinping Tse (1997), ‘Endogenous Substitution Among Energy Resources and Global Warming’16. William D. Nordhaus (1993), ‘Rolling the “DICE”: An Optimal Transition Path for Controlling Greenhouse Gases’17. Richard B. Howarth (1998), ‘An Overlapping Generations Model of Climate-Economy Interactions’18. Martin L. Weitzman (2001), ‘A Contribution to the Theory of Welfare Accounting’19. Partha Dasgupta and Karl-Göran Mäler (2000), ‘Net National Product, Wealth, and Social Well-Being’20. Geir B. Asheim (1994), ‘Net National Product as an Indicator of Sustainability’21. Jon D. Harford (1998), ‘The Ultimate Externality’PART IVUNCERTAINTY, IRREVERSIBILITY, AND LEARNING22. Martin L. Weitzman (1998), ‘Why the Far-Distant Future Should Be Discounted at Its Lowest Possible Rate’23. Alistair Ulph and David Ulph (1997), ‘Global Warming, Irreversibility and Learning’24. Charles D. Kolstad (1996), ‘Learning and Stock Effects in Environmental Regulation: The Case of Greenhouse Gas Emissions’25. Robert S. Pindyck (2000), ‘Irreversibilities and the Timing of Environmental Policy’26. Harry R. Clarke and William J. Reed (1994), ‘Consumption/Pollution Tradeoffs in an Environment Vulnerable to Pollution-Related Catastrophic Collapse’27. Geoffrey Heal and Bengt Kriström (2002), ‘Uncertainty and Climate Change’Name IndexVolume IIAcknowledgementsAn introduction by the editor to both volumes appears in Volume IPART IENDOGENOUS TECHNOLOGICAL CHANGE1. Adam B. Jaffe, Richard G. Newell and Robert N. Stavins (2002), ‘Environmental Policy and Technological Change’2. Chulho Jung, Kerry Krutilla and Roy Boyd (1996), ‘Incentives for Advanced Pollution Abatement Technology at the Industry Level: An Evaluation of Policy Alternatives’3. Gary Biglaiser and John K. Horowitz (1995), ‘Pollution Regulation and Incentives for Pollution-Control Research’4. A. Lans Bovenberg and Sjak Smulders (1995), ‘Environmental Quality and Pollution-Augmenting Technological Change in a Two-Sector Endogenous Growth Model’5. Lawrence H. Goulder and Koshy Mathai (2000), ‘Optimal CO2 Abatement in the Presence of Induced Technological Change’6. A. Xepapadeas (1995), ‘Induced Technical Change and International Agreements Under Greenhouse Warming’PART IITRANSBOUNDARY POLLUTION, TRADE, AND ENVIRONMENTAL POLICY7. Parkash Chander and Henry Tulkens (1995), ‘A Core-Theoretic Solution for the Design of Cooperative Agreements on Transfrontier Pollution’8. Carlo Carraro and Domenico Siniscalco (1993), ‘Strategies for the International Protection of the Environment’9. Scott Barrett (1994), ‘Self-Enforcing International Environmental Agreements’10. William D. Nordhaus and Zili Yang (1996), ‘A Regional Dynamic General-Equilibrium Model of Alternative Climate-Change Strategies’11. Snorre Kverndokk (1993), ‘Global CO2 Agreements: A Cost-Effective Approach’12. Michael Hoel (1996), ‘Should a Carbon Tax Be Differentiated Across Sectors?’13. Scott Barrett (1994), ‘Strategic Environmental Policy and International Trade’14. James R. Markusen, Edward R. Morey and Nancy Olewiler (1995), ‘Competition in Regional Environmental Policies when Plant Locations are Endogenous’15. Brian R. Copeland and M. Scott Taylor (1995), ‘Trade and Transboundary Pollution’PART IIIVALUATION OF THE ENVIRONMENT16. Richard T. Carson, Nicholas E. Flores and Norman F. Meade (2001), ‘Contingent Valuation: Controversies and Evidence’17. Jason F. Shogren, Seung Y. Shin, Dermot J. Hayes and James B. Kliebenstein (1994), ‘Resolving Differences in Willingness to Pay and Willingness to Accept’18. John K. Horowitz and Kenneth E. McConnell (2002), ‘A Review of WTA/WTP Studies’19. Karine Nyborg (2000), ‘Homo Economicus and Homo Politicus: Interpretation and Aggregation of Environmental Values’20. Raymond B. Palmquist and V. Kerry Smith (2002), ‘The Use of Hedonic Property Value Techniques for Policy and Litigation’21. R. David Simpson, Roger A. Sedjo and John W. Reid (1996), ‘Valuing Biodiversity for Use in Pharmaceutical Research’Name Index

Edited by Michael Hoel, Professor of Economics, University of Oslo, Norway

• Contents:Volume IAcknowledgementsIntroduction Michael HoelPART IENVIRONMENTAL ECONOMICS PRIOR TO 19931. Maureen L. Cropper and Wallace E. Oates (1992), ‘Environmental Economics: A Survey’PART IIENVIRONMENTAL REGULATION 2. Robert N. Stavins (1996), ‘Correlated Uncertainty and Policy Instrument Choice’3. Larry Karp and John Livernois (1994), ‘Using Automatic Tax Changes to Control Pollution Emissions’4. Gary Biglaiser, John K. Horowitz and John Quiggin (1995), ‘Dynamic Pollution Regulation’5. Arun S. Malik (1993), ‘Self-Reporting and the Design of Policies for Regulating Stochastic Pollution’6. Juan-Pablo Montero (2002), ‘Prices versus Quantities with Incomplete Enforcement’7. A. Lans Bovenberg and Ruud A. de Mooij (1994), ‘Environmental Levies and Distortionary Taxation’8. A. Lans Bovenberg and Lawrence H. Goulder (1996), ‘Optimal Environmental Taxation in the Presence of Other Taxes: General-Equilibrium Analyses’9. Lawrence H. Goulder, Ian W.H. Parry, Roberton C. Williams III and Dallas Burtraw (1999), ‘The Cost-Effectiveness of Alternative Instruments for Environmental Protection in a Second-Best Setting’10. Bruno S. Frey and Felix Oberholzer-Gee (1997), ‘The Cost of Price Incentives: An Empirical Analysis of Motivation Crowding-Out’11. Seema Arora and Timothy N. Cason (1995), ‘An Experiment in Voluntary Environmental Regulation: Participation in EPA’s 33/50 Program’12. Kathleen Segerson and Thomas J. Miceli (1998), ‘Voluntary Environmental Agreements: Good or Bad News for Environmental Protection?’PART IIIINTERTEMPORAL EFFICIENCY AND INTERGENERATIONAL EQUITY 13. Michael Hoel and Larry Karp (2002), ‘Taxes versus Quotas for a Stock Pollutant’14. Michael Hoel and Snorre Kverndokk (1996), ‘Depletion of Fossil Fuels and the Impacts of Global Warming’15. Ujjayant Chakravorty, James Roumasset and Kinping Tse (1997), ‘Endogenous Substitution Among Energy Resources and Global Warming’16. William D. Nordhaus (1993), ‘Rolling the “DICE”: An Optimal Transition Path for Controlling Greenhouse Gases’17. Richard B. Howarth (1998), ‘An Overlapping Generations Model of Climate-Economy Interactions’18. Martin L. Weitzman (2001), ‘A Contribution to the Theory of Welfare Accounting’19. Partha Dasgupta and Karl-Göran Mäler (2000), ‘Net National Product, Wealth, and Social Well-Being’20. Geir B. Asheim (1994), ‘Net National Product as an Indicator of Sustainability’21. Jon D. Harford (1998), ‘The Ultimate Externality’PART IVUNCERTAINTY, IRREVERSIBILITY, AND LEARNING22. Martin L. Weitzman (1998), ‘Why the Far-Distant Future Should Be Discounted at Its Lowest Possible Rate’23. Alistair Ulph and David Ulph (1997), ‘Global Warming, Irreversibility and Learning’24. Charles D. Kolstad (1996), ‘Learning and Stock Effects in Environmental Regulation: The Case of Greenhouse Gas Emissions’25. Robert S. Pindyck (2000), ‘Irreversibilities and the Timing of Environmental Policy’26. Harry R. Clarke and William J. Reed (1994), ‘Consumption/Pollution Tradeoffs in an Environment Vulnerable to Pollution-Related Catastrophic Collapse’27. Geoffrey Heal and Bengt Kriström (2002), ‘Uncertainty and Climate Change’Name IndexVolume IIAcknowledgementsAn introduction by the editor to both volumes appears in Volume IPART IENDOGENOUS TECHNOLOGICAL CHANGE1. Adam B. Jaffe, Richard G. Newell and Robert N. Stavins (2002), ‘Environmental Policy and Technological Change’2. Chulho Jung, Kerry Krutilla and Roy Boyd (1996), ‘Incentives for Advanced Pollution Abatement Technology at the Industry Level: An Evaluation of Policy Alternatives’3. Gary Biglaiser and John K. Horowitz (1995), ‘Pollution Regulation and Incentives for Pollution-Control Research’4. A. Lans Bovenberg and Sjak Smulders (1995), ‘Environmental Quality and Pollution-Augmenting Technological Change in a Two-Sector Endogenous Growth Model’5. Lawrence H. Goulder and Koshy Mathai (2000), ‘Optimal CO2 Abatement in the Presence of Induced Technological Change’6. A. Xepapadeas (1995), ‘Induced Technical Change and International Agreements Under Greenhouse Warming’PART IITRANSBOUNDARY POLLUTION, TRADE, AND ENVIRONMENTAL POLICY7. Parkash Chander and Henry Tulkens (1995), ‘A Core-Theoretic Solution for the Design of Cooperative Agreements on Transfrontier Pollution’8. Carlo Carraro and Domenico Siniscalco (1993), ‘Strategies for the International Protection of the Environment’9. Scott Barrett (1994), ‘Self-Enforcing International Environmental Agreements’10. William D. Nordhaus and Zili Yang (1996), ‘A Regional Dynamic General-Equilibrium Model of Alternative Climate-Change Strategies’11. Snorre Kverndokk (1993), ‘Global CO2 Agreements: A Cost-Effective Approach’12. Michael Hoel (1996), ‘Should a Carbon Tax Be Differentiated Across Sectors?’13. Scott Barrett (1994), ‘Strategic Environmental Policy and International Trade’14. James R. Markusen, Edward R. Morey and Nancy Olewiler (1995), ‘Competition in Regional Environmental Policies when Plant Locations are Endogenous’15. Brian R. Copeland and M. Scott Taylor (1995), ‘Trade and Transboundary Pollution’PART IIIVALUATION OF THE ENVIRONMENT16. Richard T. Carson, Nicholas E. Flores and Norman F. Meade (2001), ‘Contingent Valuation: Controversies and Evidence’17. Jason F. Shogren, Seung Y. Shin, Dermot J. Hayes and James B. Kliebenstein (1994), ‘Resolving Differences in Willingness to Pay and Willingness to Accept’18. John K. Horowitz and Kenneth E. McConnell (2002), ‘A Review of WTA/WTP Studies’19. Karine Nyborg (2000), ‘Homo Economicus and Homo Politicus: Interpretation and Aggregation of Environmental Values’20. Raymond B. Palmquist and V. Kerry Smith (2002), ‘The Use of Hedonic Property Value Techniques for Policy and Litigation’21. R. David Simpson, Roger A. Sedjo and John W. Reid (1996), ‘Valuing Biodiversity for Use in Pharmaceutical Research’Name Index

Edited by Michael Hoel, Professor of Economics, University of Oslo, Norway

• Contents:Volume IAcknowledgementsIntroduction Michael HoelPART IENVIRONMENTAL ECONOMICS PRIOR TO 19931. Maureen L. Cropper and Wallace E. Oates (1992), ‘Environmental Economics: A Survey’PART IIENVIRONMENTAL REGULATION 2. Robert N. Stavins (1996), ‘Correlated Uncertainty and Policy Instrument Choice’3. Larry Karp and John Livernois (1994), ‘Using Automatic Tax Changes to Control Pollution Emissions’4. Gary Biglaiser, John K. Horowitz and John Quiggin (1995), ‘Dynamic Pollution Regulation’5. Arun S. Malik (1993), ‘Self-Reporting and the Design of Policies for Regulating Stochastic Pollution’6. Juan-Pablo Montero (2002), ‘Prices versus Quantities with Incomplete Enforcement’7. A. Lans Bovenberg and Ruud A. de Mooij (1994), ‘Environmental Levies and Distortionary Taxation’8. A. Lans Bovenberg and Lawrence H. Goulder (1996), ‘Optimal Environmental Taxation in the Presence of Other Taxes: General-Equilibrium Analyses’9. Lawrence H. Goulder, Ian W.H. Parry, Roberton C. Williams III and Dallas Burtraw (1999), ‘The Cost-Effectiveness of Alternative Instruments for Environmental Protection in a Second-Best Setting’10. Bruno S. Frey and Felix Oberholzer-Gee (1997), ‘The Cost of Price Incentives: An Empirical Analysis of Motivation Crowding-Out’11. Seema Arora and Timothy N. Cason (1995), ‘An Experiment in Voluntary Environmental Regulation: Participation in EPA’s 33/50 Program’12. Kathleen Segerson and Thomas J. Miceli (1998), ‘Voluntary Environmental Agreements: Good or Bad News for Environmental Protection?’PART IIIINTERTEMPORAL EFFICIENCY AND INTERGENERATIONAL EQUITY 13. Michael Hoel and Larry Karp (2002), ‘Taxes versus Quotas for a Stock Pollutant’14. Michael Hoel and Snorre Kverndokk (1996), ‘Depletion of Fossil Fuels and the Impacts of Global Warming’15. Ujjayant Chakravorty, James Roumasset and Kinping Tse (1997), ‘Endogenous Substitution Among Energy Resources and Global Warming’16. William D. Nordhaus (1993), ‘Rolling the “DICE”: An Optimal Transition Path for Controlling Greenhouse Gases’17. Richard B. Howarth (1998), ‘An Overlapping Generations Model of Climate-Economy Interactions’18. Martin L. Weitzman (2001), ‘A Contribution to the Theory of Welfare Accounting’19. Partha Dasgupta and Karl-Göran Mäler (2000), ‘Net National Product, Wealth, and Social Well-Being’20. Geir B. Asheim (1994), ‘Net National Product as an Indicator of Sustainability’21. Jon D. Harford (1998), ‘The Ultimate Externality’PART IVUNCERTAINTY, IRREVERSIBILITY, AND LEARNING22. Martin L. Weitzman (1998), ‘Why the Far-Distant Future Should Be Discounted at Its Lowest Possible Rate’23. Alistair Ulph and David Ulph (1997), ‘Global Warming, Irreversibility and Learning’24. Charles D. Kolstad (1996), ‘Learning and Stock Effects in Environmental Regulation: The Case of Greenhouse Gas Emissions’25. Robert S. Pindyck (2000), ‘Irreversibilities and the Timing of Environmental Policy’26. Harry R. Clarke and William J. Reed (1994), ‘Consumption/Pollution Tradeoffs in an Environment Vulnerable to Pollution-Related Catastrophic Collapse’27. Geoffrey Heal and Bengt Kriström (2002), ‘Uncertainty and Climate Change’Name IndexVolume IIAcknowledgementsAn introduction by the editor to both volumes appears in Volume IPART IENDOGENOUS TECHNOLOGICAL CHANGE1. Adam B. Jaffe, Richard G. Newell and Robert N. Stavins (2002), ‘Environmental Policy and Technological Change’2. Chulho Jung, Kerry Krutilla and Roy Boyd (1996), ‘Incentives for Advanced Pollution Abatement Technology at the Industry Level: An Evaluation of Policy Alternatives’3. Gary Biglaiser and John K. Horowitz (1995), ‘Pollution Regulation and Incentives for Pollution-Control Research’4. A. Lans Bovenberg and Sjak Smulders (1995), ‘Environmental Quality and Pollution-Augmenting Technological Change in a Two-Sector Endogenous Growth Model’5. Lawrence H. Goulder and Koshy Mathai (2000), ‘Optimal CO2 Abatement in the Presence of Induced Technological Change’6. A. Xepapadeas (1995), ‘Induced Technical Change and International Agreements Under Greenhouse Warming’PART IITRANSBOUNDARY POLLUTION, TRADE, AND ENVIRONMENTAL POLICY7. Parkash Chander and Henry Tulkens (1995), ‘A Core-Theoretic Solution for the Design of Cooperative Agreements on Transfrontier Pollution’8. Carlo Carraro and Domenico Siniscalco (1993), ‘Strategies for the International Protection of the Environment’9. Scott Barrett (1994), ‘Self-Enforcing International Environmental Agreements’10. William D. Nordhaus and Zili Yang (1996), ‘A Regional Dynamic General-Equilibrium Model of Alternative Climate-Change Strategies’11. Snorre Kverndokk (1993), ‘Global CO2 Agreements: A Cost-Effective Approach’12. Michael Hoel (1996), ‘Should a Carbon Tax Be Differentiated Across Sectors?’13. Scott Barrett (1994), ‘Strategic Environmental Policy and International Trade’14. James R. Markusen, Edward R. Morey and Nancy Olewiler (1995), ‘Competition in Regional Environmental Policies when Plant Locations are Endogenous’15. Brian R. Copeland and M. Scott Taylor (1995), ‘Trade and Transboundary Pollution’PART IIIVALUATION OF THE ENVIRONMENT16. Richard T. Carson, Nicholas E. Flores and Norman F. Meade (2001), ‘Contingent Valuation: Controversies and Evidence’17. Jason F. Shogren, Seung Y. Shin, Dermot J. Hayes and James B. Kliebenstein (1994), ‘Resolving Differences in Willingness to Pay and Willingness to Accept’18. John K. Horowitz and Kenneth E. McConnell (2002), ‘A Review of WTA/WTP Studies’19. Karine Nyborg (2000), ‘Homo Economicus and Homo Politicus: Interpretation and Aggregation of Environmental Values’20. Raymond B. Palmquist and V. Kerry Smith (2002), ‘The Use of Hedonic Property Value Techniques for Policy and Litigation’21. R. David Simpson, Roger A. Sedjo and John W. Reid (1996), ‘Valuing Biodiversity for Use in Pharmaceutical Research’Name Index