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dc.contributor.authorKhanna, Neha
dc.contributor.authorChapman, Duane
dc.descriptionWP 1997-01 January 1997
dc.description.abstractThis paper extends the Nordhaus DICE model to include the demands for coal, oil, and natural gas. These demands depend on own price, prices of substitute fuels, per capita income, and population. An augmented Hotelling model captures the effect of depleting oil resources. A methodological advantage of including price, income, and population sensitive energy demand functions is that it allows substitution possibilities in the 'production' of emissions. Furthermore, it allows the analysis of energy tax regimes in an environment of growing world population and income, non-decreasing energy and carbon intensity, and declining petroleum availability.
dc.publisherCharles H. Dyson School of Applied Economics and Management, Cornell University
dc.subjectclimate change
dc.subjectcontrol rate
dc.subjectenergy intensity
dc.subjectenergy tax
dc.subjectfinite resource
dc.subjectfossil fuel
dc.subjectfuel substitution
dc.subjectoptimal growth
dc.subjectresource depletion
dc.titleClimate Policy And Petroleum Depletion

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  • Dyson School Working Papers
    Working Papers published by the Charles H. Dyson School of Applied Economics and Management, Cornell University

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