William D. Nordhaus: Pricing

William D. Nordhaus is American economist. Explore interesting quotes on pricing.

William D. Nordhaus: 8 quotes 0 likes

“When I talk to people about how to design a carbon price, I think the model is British Columbia. You raise electricity prices by $100 a year, but then the government gives back a dividend that lowers internet prices by $100 year. In real terms, you’re raising the price of carbon goods but lowering the prices of non-carbon-intensive goods.”

William D. Nordhaus

"After Nobel in Economics, William Nordhaus Talks About Who’s Getting His Pollution-Tax Ideas Right: A few governments — notably, parts of Canada and South Korea — have adapted his ideas in ways that frame them as a financial windfall for taxpayers." https://www.nytimes.com/2018/10/13/climate/nordhaus-carbon-tax-interview.html The New York Times. Oct. 13, 2018.

People , Thinking

“Carbon prices must be raised to transmit the social costs of GHG emissions to the everyday decisions of billions of firms and people.”

William D. Nordhaus

A Question of Balance: Weighing the Options on Global Warming Policies (2008), p. 168

People , Decision

“Putting a low price on valuable environmental resources is a phenomenon that pervades modern society. Agricultural water is not scarce in California; it is underpriced. Flights are stacked up on runways because takeoffs and landings are underpriced. People wait for hours in traffic jams because road use is unpriced. People die premature deaths from small sulfur particles in the air because air pollution is underpriced. And the most perilous of all environmental problems, climate change, is taking place because virtually every country puts a price of zero on carbon dioxide emissions.”

William D. Nordhaus

"The Pope & the Market," The New York Review of Books, October 8, 2015

Death , People , Problem , Water