Chapter 21 - Assignment 2: U.S. Policy and Global Warming

Read Dale W. Jorgenson's testimony before the Senate Committee on Environment and Public Works on "The Economics of Climate Change."

  1. Why is it desirable that the proposed policy be implemented through international treaties?
  2. Is there an incentive for countries, particularly smaller, less developed economies, to be "free riders?"
  3. What is the advantage of using internationally tradeable permits rather than fixed standards?
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