The economics of targeted mitigation in infrastructure

References

• Arrow, K. J., & Fisher, A. C. (1974). Environmental preservation, uncertainty, and irreversibility. Quarterly Journal of Economics, 88, 312–319. doi: 10.2307/1883074
   Web of Science ®Google Scholar
• Arthur, B. (1983). On competing technologies and historical small events: The dynamic of choice under increasing returns (IIASA Working Paper 83–90). Laxenburg: International Institute for Applied Science Analysis.
   Google Scholar
• Beck, F., & Martinot, E. (2004). Renewable energy policies and barriers. In C. Cleveland (Ed.), Encyclopaedia of energy (pp. 365–383). New York/Amsterdam: Academic Press/Elsevier Science.
   Google Scholar
• Blyth, W., Bradley, R., Bunn, D., Clarke, C., Wilson, T., & Yang, M. (2007). Investment risks under uncertain climate change policy. Energy Policy, 35, 5766–5773. doi: 10.1016/j.enpol.2007.05.030
   Web of Science ®Google Scholar
• Cherni, J. A., & Kentish, J. (2007). Renewable energy policy and electricity market reforms in China. Energy Policy, 35, 3616–3629. doi: 10.1016/j.enpol.2006.12.024
   Web of Science ®Google Scholar
• Cox, W., & Love, J. (1996). A tribute to the Dwight D. Eisenhower system of interstate and defense highways. Retrieved from http://www.publicpurpose.com/freewaypdf.pdf
   Google Scholar
• Davis, S. J., Caldeira, K., & Matthews, H. D. (2010). Future CO2 emissions and climate change from existing energy infrastructure. Science, 329, 1330–1333. doi: 10.1126/science.1188566
   PubMed Web of Science ®Google Scholar
• Dixit, A. K., & Pindyck, R. S. (1994). Investment under uncertainty. Princeton, NJ: Princeton University Press.
   Google Scholar
• Dixit, A. K., & Stiglitz, J. E. (1977). Monopolistic competition and optimum product diversity. American Economic Review, 67, 293–308.
   Web of Science ®Google Scholar
• Duranton, G., & Turner, M. A. (2011). The fundamental law of road congestion: Evidence from US cities. American Economic Review, 101, 2616–2652. doi: 10.1257/aer.101.6.2616
   Web of Science ®Google Scholar
• Edenhofer, O., Lessmann, K., Kemfert, C., Grubb, M., & Koehler, J. (2006). Induced technological change: Exploring its implications for the economics of atmospheric stabilization: Synthesis report from the Innovation Modeling Comparison Project. The Energy Journal (Special Issue), 1, 57–108.
   Google Scholar
• Farrell, J., & Klemperer, P. (2008). Coordination and lock-in: Competition with switching costs and network effects. In M. Armstrong & R. Porter (Eds.), Handbook of industrial organization, vol. 3 (pp. 1967–2072). Amsterdam: North-Holland.
   Google Scholar
• Finon, D. (2013). The transition of the electricity system towards decarbonization: The need for change in the market regime. Climate Policy, 13(S01), 131–146. doi:10.1080/14693062.2012.741832
   Google Scholar
• Fisher, B. S., Nakicenovic, N., Alfsen, K., Corfee Morlot, J., de la Chesnaye, F., Hourcade, J. -C., … Warren, R. (2007). Issues related to mitigation in the long term context. In B. Metz, O. R. Davidson, P. R. Bosch, R. Dave, & L. A. Meyer (Eds.), Climate change 2007: Mitigation. Contribution of Working Group III to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change (pp. 169–250). Cambridge: Cambridge University Press.
   Google Scholar
• Foray, D. (1997). The dynamic implications of increasing returns: Technological change and path dependent inefficiency. International Journal of Industrial Organization, 15, 733–752. doi: 10.1016/S0167-7187(97)00009-X
   Web of Science ®Google Scholar
• Fujita, M., Krugman, P., & Venables, A. J. (1999). The spatial economy. Cambridge, MA: MIT Press.
   Google Scholar
• Gilotte, L. (2004). Incertitude, inertie et choix optimal. Modèles de contrôle optimal appliqués au choix de politiques de réduction des émissions de gaz à effet de serre (Thèse de Doctorat). Champs sur Marne: ENPC. Retrieved from http://pastel.archives-ouvertes.fr/pastel-00001123
   Google Scholar
• de Gouvello, C., & Jannuzzi, G. M. (2002). Maîtrise de la demande d’électricité et secteurs électriques publics monopolistiques : comparaison France – Brésil [Demand side management and monopolistic public electricity sector: A comparison between France and Brazil]. Annales des Mines – Réalités Industrielles, February, 31–38. Retrieved from http://www.annales.org/ri/2002/0383-2/gouvello031-038.pdf
   Google Scholar
• Ha-Duong, M., Grubb, M., & Hourcade, J.-C. (1997). Influence of socioeconomic inertia and uncertainty on optimal CO2-emission abatement. Nature, 390, 270–273. doi: 10.1038/36825
   Web of Science ®Google Scholar
• Henry, C. (1974). Investment decisions under uncertainty: The ‘irreversibility effect’. The American Economic Review, 64, 1006–1012.
   Web of Science ®Google Scholar
• IEA. (2012). World energy outlook. Paris: Organisation for Economic co-operation and Development/International Energy Agency.
   Google Scholar
• IPCC. (1996). Climate change 1995: Economic and social dimensions of climate change. Contribution of Working Group III to the Second Assessment Report of the Intergovernmental Panel on Climate Change. Cambridge: Cambridge University Press.
   Google Scholar
• Jaccard, M. (1997). Heterogenous capital stock and decarbonating the atmosphere: Does delay make cents? (Working Paper). Burnaby, BC: Simon Fraser University.
   Google Scholar
• Jaccard, M., & Rivers, N. (2007). Heterogeneous capital stocks and the optimal timing for CO2 abatement. Resource and Energy Economics, 29, 1–16. doi: 10.1016/j.reseneeco.2006.03.002
   Web of Science ®Google Scholar
• Kassides, I. (2004). Reforming infrastructure: Privatization, regulation, and competition (Policy Research Report). Washington, DC: World Bank.
   Google Scholar
• Krugman, P. R. (1979). Increasing returns, monopolistic competition, and international trade. Journal of International Economics, 9, 469–479. doi: 10.1016/0022-1996(79)90017-5
   Web of Science ®Google Scholar
• Laird, J. J., Nellthorp, J., & Mackie, P. J. (2005). Network effects and total economic impact in transport appraisal. Transport Policy, 12, 537–544. doi: 10.1016/j.tranpol.2005.07.003
   Web of Science ®Google Scholar
• Lecocq, F., & Ambrosi, P. (2007). The Clean Development Mechanism: History, status, and prospects. Review of Environmental Economics and Policy, 1, 134–151. doi: 10.1093/reep/rem004
   Web of Science ®Google Scholar
• Lecocq, F., Hourcade, J.-C., & Ha-Duong, M. (1998). Decision making under uncertainty and inertia constraints: Sectoral implications of the when flexibility. Energy Economics, 20, 539–555. doi: 10.1016/S0140-9883(98)00012-7
   Web of Science ®Google Scholar
• Liebowitz, S., & Margolis, S. (1995). Path dependency, lock in and history. The Journal of Law, Economics and Organization, 11, 205–226.
   Web of Science ®Google Scholar
• Lind, R. C. (Ed.) (1982). Discounting for time and risks in energy policy. Washington, DC: Resources for the Future.
   Google Scholar
• Martimort, D., & Straub, S. (2012). How to design infrastructure contracts in a Warming World? A critical appraisal of public-private partnerships. TSE Working Papers 12-315. Toulouse: Toulouse School of Economics.
   Google Scholar
• Mathy, S., Hourcade, J. C., & de Gouvello, C. (2001). Clean Development Mechanism: Leverage for development?. Climate Policy, 1, 251–268.
   Web of Science ®Google Scholar
• Noland, R. B. (2001). Relationships between highway capacity and induced vehicle travel. Transportation Research Part A, 35, 42–72.
   Google Scholar
• Portney, P. R., & Weyant, J. P. (Eds.) (1999). Discounting and intergenerational equity. Washington, DC: Resources for the Future.
   Google Scholar
• Romer, P. M. (1990). Endogenous technical change. Journal of Political Economy, 98(5), 71–102. doi: 10.1086/261725
   Web of Science ®Google Scholar
• Shalizi, Z., & Lecocq, F. (2009). Climate change and the economics of targeted mitigation in sectors with long-lived capital stock (Policy Research Working Paper 5063). Washington, DC: World Bank.
   Google Scholar
• Shalizi, Z., & Lecocq, F. (2010). To mitigate or to adapt: Is that the question? Observations on an appropriate response to the climate change challenge to development strategies. World Bank Research Observer, 25, 295–321. doi: 10.1093/wbro/lkp012
   Web of Science ®Google Scholar
• Stern, N. H. (2007). The economics of climate change: The Stern review. Cambridge: Cambridge University Press.
   Google Scholar
• Strand, J. (2010). Inertia in infrastructure development: Some analytical aspects, and reasons for inefficient infrastructure choice. Journal of Infrastructure Development, 2, 51–70. doi: 10.1177/097493061100200103
   Google Scholar
• Tirole, J. (2009). Politique climatique: une nouvelle architecture internationale [Climate policy: A new international architecture]. Paris: La Documentation Française.
   Google Scholar
• UN DESA. (2012). World Urbanization Prospects, the 2011 Revision. Final Report with Annex Tables. New York, NY: United Nations Department of Economic and Social Affairs.
   Google Scholar
• Victor, D. G., & Heller, T. C. (2007). The political economy of power sector reform. Cambridge: Cambridge University Press/Cambridge Books.
   Google Scholar
• Vogt-Shilb, A., Meunier, G., & Hallegatte, S. (2012). How inertia and limited potentials affet the timing of sectoral abatements in optimal climate policy (Policy Research Working Paper 6154). Washington, DC. World Bank.
   Google Scholar
• Waisman, H., Guivarch, C., Grazi, F., & Hourcade, J. -C. (2012). The Imaclim-R model: Infrastructures, technical inertia and the costs of low carbon futures under imperfect foresight. Climatic Change, 114(1), 101–120. doi: 10.1007/s10584-011-0387-z
   Web of Science ®Google Scholar
• Weiss, M. H. (2008). How many interstate programs were there? Washington, DC: US Department of Transportation. Retrieved from http://www.fhwa.dot.gov/highwayhistory/howmany.cfm
   Google Scholar
• Wigley, T. M. L., Richels, R., & Edmonds, J. (1996). Economic and environmental choices in the stabilization of atmospheric CO2 concentrations. Nature, 379, 240–243. doi: 10.1038/379240a0
   Web of Science ®Google Scholar
• World Bank. (2002). World development report 2003: Sustainable development in a dynamic world: Transforming institutions, growth, and quality of life. Washington, DC: World Bank.
   Google Scholar
• World Bank. (2012). Inclusive green growth: The pathway to sustainable development. Washington, DC: World Bank.
   Google Scholar
• World Resources Institute. (2009). Climate analysis indicators tool (CAIT). Version 6.0. Washington, DC: World Resources Institute. Retrieved from http://cait.wri.org
   Google Scholar
• Yang, M., Blyth, W., Bradley, R., Bunn, D., Clarke, C., & Wilson, T. (2008). Evaluating the power investment options with uncertainty in climate policy. Energy Economics, 30, 1933–1950. doi: 10.1016/j.eneco.2007.06.004
   Web of Science ®Google Scholar
• Zhao, L., & Gallagher, K. S. (2007). Research, development, demonstration, and early deployment policies for advanced-coal technology in China. Energy Policy, 35, 6467–6477. doi: 10.1016/j.enpol.2007.08.017
   Web of Science ®Google Scholar