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Global Warming, Irreversibility and Learning

Bibliographic Data

ID9713893
AuthorsAlistair Ulph (0000-0001-8400-7303, University College London), David Ulph (0000-0003-3171-1270, University College London)
Year1997
Volume107
Issue442
Pages636-650
Publication date1997-05-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Economic Journal (JOURNAL)
Journal identifiersISSN: 0013-0133 • E-ISSN: 1468-0297
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.1111/j.1468-0297.1997.tb00031.x
OpenAlexW2081229672
LanguageEN
Citations received16
References cited6

A number of economists have argued that the literature on the irreversibility effect implies that current abatement of greenhouse gas emissions should be greater when there is the possibility of obtaining better information in the future about the potential damages from global warming than when there is no possibility of obtaining better information. In this paper we show that even the simplest model of global warming does not satisfy either of Epstein's (1980) sufficient conditions, so it is not possible to use Epstein's analysis to tell whether the irreversibility effect applies to models of global warming. We derive an alternative sufficient condition for the irreversibility effect to hold

Climate change · Damages · Economics · Global warming · Greenhouse gas · Political science · Climate Change Policy and Economics · Complex Systems and Time Series Analysis · Environmental Science · Geology · Innovation, Sustainability, Human-Machine Systems · Law

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Unique citing works16
Citations per year0,57
Citation span1998 - 2021 (24)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 14
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