Rolling the DICE
William Nordhauss Dubious Case for a Carbon Tax
By Robert P. Murphy
This article appeared in the Fall 2009 issue of The Independent Review.
The case for adopting a carbon tax to curb global warming is weaker than most economists and scientists assume. One reason is that William Nordhauss influential DICE model, far from producing a reliable estimate of an optimal carbon tax, yields vastly different results depending on which numerical estimates are plugged into it.
Climate ChangeEconomyEnergy and the EnvironmentFederal Tax PolicyGovernment and PoliticsTaxesTaxes and Budget
|Other Independent Review articles by Robert P. Murphy|
|Summer 2006||The Limits of Market Organization|