"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" carbon pricing, 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...