Symposium on Global Climate Change

[Symposium]

By Richard Schmalensee

Journal of Economic Perspectives, Fall 1993

Global climate change, and policies to slow it or adapt to it, may be among the primary forces shaping the world's economy throughout the next century and beyond. Nonetheless, popular treatments of this issue commonly ignore economics. This introductory e...

Reflections on the Economics of Climate Change

[Symposium]

By William D. Nordhaus

Journal of Economic Perspectives, Fall 1993

My purpose here is to provide a non-technical introduction to the economics of climate change. I will sketch the scientific background and uncertainties, survey the results of existing studies of the impacts of climate change, present a summary of a study...

Costs of Reducing Global Carbon Emissions

[Symposium]

By John P. Weyant

Journal of Economic Perspectives, Fall 1993

Projecting the costs of reducing carbon emissions is extremely important, and exceedingly difficult. Such projections are an integral component of cost-benefit analyses of alternative policies in response to climate change. This paper first discusses the ...

Global Warming Policy: A Public Finance Perspective

[Symposium]

By James M. Poterba

Journal of Economic Perspectives, Fall 1993

In the last few years, a substantial volume of research has considered the design of taxes to slow greenhouse gas emissions as well as the economic effects of such policies. In this paper, I summarize the insights that have emerged from this work. I begin...

Global Environmental Risks

[Symposium]

By Graciela Chichilnisky and Geoffrey Heal

Journal of Economic Perspectives, Fall 1993

We consider the economics of global environmental risks. In this area, we are dealing with risks that are poorly understood, endogenous, collective, and irreversible. In policy terms, the nature and extent of uncertainty about global climate change implie...

Symposium on Management of Local Commons

[Symposium]

By Pranab Bardhan

Journal of Economic Perspectives, Fall 1993

Coping with Asymmetries in the Commons: Self-Governing Irrigation Systems Can Work

[Symposium]

By Elinor Ostrom and Roy Gardner

Journal of Economic Perspectives, Fall 1993

Many analysts presume that the appropriators of a common-pool resource are trapped in a Hobbesian state of nature and cannot themselves create rules to counteract the perverse incentives they face in managing the resource. The logical consequence of this ...

Managing Local Commons: Theoretical Issues in Incentive Design

[Symposium]

By Paul Seabright

Journal of Economic Perspectives, Fall 1993

Local commons encompass a wide range of resources whose shared feature is the need for some form of collective management. In what follows, we shall be concerned mainly with the problems of implementing a collective management plan. Whatever the mechanism...

Supply-Side and Demand-Side Cost Sharing in Health Care

By Randall P. Ellis and Thomas G. McGuire

Journal of Economic Perspectives, Fall 1993

In health markets, the price paid by insured consumers when health care services are demanded can be set separately from the price paid to providers when services are supplied. This fact suggests two alternate strategies for controlling the costs of healt...

Children's Prospects and Children's Policy

By Robert Haveman and Barbara Wolfe

Journal of Economic Perspectives, Fall 1993

This paper offers some facts on trends in children's economic status in the United States as well as an economic perspective for thinking about public policy toward children. Throughout, we will attempt to make clear what is known and what is not known em...

The Case of the Missing Currency

By Case M. Sprenkle

Journal of Economic Perspectives, Fall 1993

In late 1992, currency in the hands of the public was close to $300 billion, representing nearly 30 percent of M1. One would think that an economic variable of this magnitude would be well-analyzed and well-understood. Quite the contrary. The last serious...

American and European Economics and Economists

By Bruno S. Frey and Reiner Eichenberger

Journal of Economic Perspectives, Fall 1993

America and Europe differ with regard to what economics is understood to be, how it is practiced, and how professional academic economists behave. Specifically, 1) American (U.S. and Canadian) economists contribute by far the largest share of journal publ...

Ronald Coase and Methodology

By Richard A. Posner

Journal of Economic Perspectives, Fall 1993

Ronald Coase wrote two great theoretical articles that earned him the Nobel Prize: "The Nature of the Firm" in 1937 and "The Problem of Social Cost" in 1960. He also wrote many articles dealing with the methodology of economics, often in the setting of a ...

Policy Watch: Alcohol and Cigarette Taxes

By Michael Grossman, Jody L. Sindelar, John Mullahy, and Richard Anderson

Journal of Economic Perspectives, Fall 1993

Increased excise taxes on cigarettes and alcohol have been suggested as a means to finance (at least partially) the Clinton administration's proposed program of health care reform. We consider the revenue potential of cigarette and alcohol tax hikes and e...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Fall 1993

Correspondence

By Douglas Holtz-Eakin

Journal of Economic Perspectives, Fall 1993

Index for Volume 7

Journal of Economic Perspectives, Fall 1993

Notes

Journal of Economic Perspectives, Fall 1993

Front Matter

Journal of Economic Perspectives, Fall 1993

Front Matter

Journal of Economic Literature, September 2012