Modelling the Costs of Environmental Policy A Dynamic Applied General Equilibrium Assessment

'In this book, Rob Dellink shows he is a skillful applied modeller of environment-economy interactions. The DEAN model that is developed is innovative in its treatment of environmental resources, careful in its dynamic structure, yet simple in its basic set up. Importantly, the model codes (GAMS) are freely accessible on the Internet. The book also includes three stylized models that will prove to be a great help for students who want to understand the basics of environmental policy analysis in general equilibrium models. The full DEAN model, on the other hand, will be more useful to advanced researchers who want to develop their own simulations. The book is also valuable in its own right, as it presents a fine examination of various environmental policies and their economic consequences.' - Reyer gerlagh, Vrije Universiteit, Amsterdam, the Netherlands; 'Extending economic models to include environmental emissions and environmental policy is now commonplace. Yet, the linking is often ad hoc and based on peculiar assumptions. In this book, Rob Dellink shows how emissions and emission reduction policies for five different environmental issues can be included in a forward-looking computable general equilibrium model, building emissions into production and consumption functions. At the technical level the book is superb and stands out for its exact specification of how this is done.' - Richard S.J. Tol, Hamburg University, Germany, Free University Amsterdam, The Netherlands and Carnegie Mellon University, US