"He's a snake in the grass, I tell ya guys; he may look dumb but that's just a disguise; he's a mastermind in the ways of espionage." Charlie Daniels, "Uneasy Rider" Nordhaus - TT's Lost in Tokyo

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Fat Tails Part Deux: cost-benefit analysis and climate change; Weitzman replies to Nordhaus by TokyoTom

[Note: Although the giant snakes I mentioned in my preceding post may have fat tails, I didn't want my description of the discussion between Harvard`s Martin Weitzman and Yale`s William Nordhaus of the limits of cost-benefit analysis to be overlooked...

Let`s recreate the Paleocene! Giant snakes, "fat tails", cost-benefit analysis and climate change; Weitzman replies to Nordhaus by TokyoTom

Giant snakes? What could a few colossal bones found in Colombia have to do with us now? 1. A recent paper in Nature about the discovery of several specimens of a giant snake ("Titanoboa") that lived in Latin America 60 million years ago captured...

Bob Murphy - fan of cost-benefit analysis (in the face of climate risks)! by TokyoTom

Austrian-leaning economist Bob Murphy , whose efforts last year to discount the work of Yale's William Nordhaus on how cost-benefit analysis merits current action on climate change I previously examined , is back with more, this time defending Nordhaus'...

Jim Manzi/Cato on climate: with flabby "libertariarian sinews", he advocates no panic, but domestic climate science and technology investments by TokyoTom

[UPDATE: See my follow-up post .] Cato Unbound's new climate issue features a lead essay by Jim Manzi , who is an MIT- and Wharton-trained statistician and CEO of Applied Predictive Technologies (which uses pattern recognition and optimization models...

Can Pigovian taxes be Coasean bargains? - The case of climate negotiations by TokyoTom

David Zetland's libertarian-environmental blog, Aguanomics , has recently been carrying on some excellent discussions on resource and environmental economics, with interlocutors like Bob Murphy , Gene Callahan and others. In the context of two recent...

Comment to Bob Murphy on whether "Cap and Trade" is a "market solution" by TokyoTom

I copy below comments I made on June 11 (Tokyo time) on Bob Murphy 's June 4 blog post, Cap and Trade Is Not a "Market Solution" , that have apparently been held up for moderator approval (perhaps because my three links triggered the blog's...
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"Heroic" contrarians, proven wrong on AGW, make another slick cry for relevance at Bali by TokyoTom

On the main blog, Sean Corrigan posts the latest missive of what he considers the brave dissenting voices on climate science. http://blog.mises.org/archives/007541.asp . The letter nods briefly at the concerns summarized by the IPCC reports about warming...
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