New Nobel Economics Winner Jean Tirole on Energy, Climate, and Environment

Jean Tirole was awarded the Nobel Memorial Prize in Economic Sciences today “for his analysis of market power and regulation”. It shouldn’t come as a surprise, then, that he’s written a lot about energy, climate change, and environmental issues. Here’s a quick selection of his relevant papers.

I’d like to try an experiment: Lots of this blog’s readers are experts in the areas covered by these papers. I invite you to read a paper from this list and either summarize or riff on it in the comments, so that everyone who reads this can benefit.

Climate Change

“Some Economics of Global Warming”

“Some Political Economy of Global Warming”

“Regional Initiatives and Cost of Delaying Binding Climate Change Agreements”

“Climate change negotiations: Time to reconsider”

Environment

“Pollution Permits and Environmental Innovation”

“Pollution Permits and Compliance Strategies” (paywall)

“Environmental policy, compliance, and innovation” (paywall)

“From Pigou to Extended Liability: On the Optimal Taxation of Externalities under Imperfect Financial Markets”

Electricity

“Reliability and Competitive Electricity Markets”

“Retail Electricity Competition”

“Merchant Transmission Investment”

“Transmission rights and market power on electric power networks I: Financial Rights”

“Transmission rights and market power on electric power networks II: Physical Rights”