Is it the case that better mechanisms for pricing externalities (in general) would be as big a breakthrough as it seems?
Or, worse, increase carbon emmisions: http://en.wikipedia.org/wiki/Carbon_leakage ….
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And maybe expectations actually cause present extraction to rise. (http://en.wikipedia.org/wiki/Hotelling's_rule ….)pic.twitter.com/Hu2s8n7zJp
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(This looks a lot like the Saudi policy on oil prices of late.) http://www.bloomberg.com/news/articles/2015-04-12/saudi-arabia-s-plan-to-extend-the-age-of-oil …
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@patrickc But if the externalities proved small, why would this be worse?Thanks. Twitter will use this to make your timeline better. UndoUndo
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