Climate Change and Common Sense Essays in Honour of Tom Schelling

"Climate Change and Common Sense showcases the latest insights of many of the world's leading economists working on climate change policy... it advances a rich foundation for future scholarship that can promote better climate-change policy." -- Joseph E. Aldy, Journal of Regional Science"Some chapters of the book are fairly technical, yet the majority of the book is accessible to readers at the Master's degree level. It is a refreshing treatment of the most important subjects in climate change economics, all organized around Tom Schelling's insights from two or more decades ago, which unfortunately are still valid to this day. Twenty years have passed since the Rio Earth Summit. Annual global emissions of carbon dioxide from fossil fuel combustion have increased by 49%. Emissions by the US have increased by 13% since 1990, while emissions by the PRC have increased by 235%. To solve this 'grand-daddy of public goods problems' more innovative thinking along the lines of the essays in this book is urgently needed."--Journal of Economic Literature