Professor Department of Agricultural and Resource Economics University of California, Berkeley 207 Giannini Hall Berkeley, CA 94720-3310 email: karp@berkeley.edu

Larry Karp's CV

Click to see Larry and his dog

Podcast of a talk on Road to Copenhagen

Courses Taught (with information on-line)

• ARE 201, 2010 International trade
•  ARE 263, 2010 Methods of Dynamic Analysis and Control
• EEP 131 Globalization and the Natural Environment, Fall 2007 
• (also titled ENVECON 131)

Working Papers and recent publications

• Common Ground Between Free-traders and Environmentalists. Larry Karp, Sandeep Sacheti, and Jinhua Zhao. International Economic Review, Vol. 42:3, August 2001, pp.617-647.
• Estimating a Mixed Strategy Employing Maximum Entropy. A. Golan, Larry S. Karp and J.M. Perloff. Working Paper No. 780, February 1996.
• Estimating Coke's and Pepsi's Price and Advertising Strategies. Amos Golan, Larry S. Karp and J.M. Perloff. Working Paper No. 789, revised March 1999. Formerly entitled "Estimating Firms' Mixed Price and Advertising Strategies: Coke and Pepsi." April 1996. Journal of Economics and Business Statistics, Vol. 18:4, October 2000, pp. 398-409.
• Learning-By-Doing and the Choice of Technology: The Role of Patience. Larry Karp and In Ho Lee.  Journal of Economic Theory, Vol. 100:1, pp. 73-92, September 2001.
• A synthesis of agricultural trade economics Larry Karp and Jeffrey Perloff,  Handbook of Agricultural Economics, Elsevier, edited by B. Gardner and G. Rausser, Vol.2, 2002.
• Taxes versus quotas for a stock pollutant. Michael Hoel and Larry Karp.  Resource and Energy Economics, Vol. 24, pp. 367-384, 2002.
• Taxes and Quotas for a Stock Pollutant with Multiplicative Uncertainty. Michael Hoel and Larry Karp, . Journal of Public Economics, Vol. 82, pp. 91-114, 2001.  (This version corrects typos in equations 6, 8 and A2 of the journal article.)
• Nonpoint Source Pollution Taxes and Excessive Tax Burden. Larry Karp. Working Paper No. 835, revised February 2004.  Forthcoming, Environmental and Resource Economics.
• Unemployment and the "Labour-Management Conspiracy". Larry Karp and Thierry Paul. Economic Journal, Vol. 110, No. 460, pp. 113-135, January 2000.
• Fundamentals versus Beliefs under Almost Common Knowledge. Larry Karp. Working Paper No. 871, revised March 2000.
• Valuing Tradeable CO2 Permits for OECD Countries. Larry Karp and Xuemei Liu. Working Paper No. 872, revised March 1999.
• Intersectoral Adjustment and Policy Intervention: the Importance of General Equilibrium Effects   Larry Karp and Thierry Paul.  Review of International Economics (2005) vol. 13 pp 330- 355.
• Welfare Gains Under Tradable CO2 Permits.  Larry Karp and Xuemei Liu. Paper presented at Conference on Agriculture and the Environment, Working Paper No. 897, revised January 2001.  In Agricultural Globalization, Trade and the Environment, edited by C. Moss, G. Rausser, A. Schmitz, T. Taylor, D. Zilberman. Norwell, Massachesetts: Kluwer Academic Publishers, 2001.
• How Many Cake-Eaters? Chouette, on a du monde a diner!  Pascal Favard and Larry Karp.   Journal of Economic Dynamics and Control, Vol. 28, pp. 801-815, 2004.
• Regulation of Stock Externalities with Correlated Cost Shocks.  Larry Karp and Jiangfeng Zhang.  Environmental and Resource Economics, Vol 32 pp 273-99 Appendix here.
• The Long-Run Effects of Environmental Reform in Open Economies. Larry Karp, Jinhua Zhao, and Sandeep Sacheti. Journal of Environmental Economics and Management, Vol. 45, No. 2, pp. 246-64, March 2003.
• The Clean Development Mechanism and Its Controversies. Larry Karp and Xuemei Liu.  Working Paper No. 903, March 2000. Forthcoming, in series Advances in the Economics of Environmental Resources, edited by D. Hall and R. Howarth, Vol. 3, “The Long-Term Economics of Climate Change: Beyond a Doubling of Greenhouse Gas Concentrations,” JAI Press, Stamford, Ct. 2002.
• Dynamic Taxes and Quotas with Learning. Larry Karp and Christopher Costello.  Journal of Economic Dynamics and Control, Vol. 28, No. 8, pp. 1661-1680 (2004).
• When Promoters Like Scalpers. Larry Karp and Jeffrey M. Perloff.  Journal of Economic and Management Strategy Vol. 14, No. 2, pages 477-508, 2005.
• Global strategic complementarity in a global games setting: Appendix to "When promoters like scalpers."
• Time-Consistent Policies.  Larry Karp and In Ho Lee.   Journal of Economic Theory, Vol. 112, Issue 2, pp. 353-364, October 2003.
• Controlling a Stock Pollutant with Endogenous Investment and Asymmetric Information.  Larry Karp and Jiangfeng Zhang.  Working Paper No. 928, revised December 2002.
• Fishery Management Under Multiple Uncertainty.  Gautam Sethi, Christopher Costello, Anthony Fisher, Michael Hanemann, and Larry Karp.  Journal of Environmental Economics and Management, vol 50 No 2 pp 300 - 319, September 2005
  
• Global Warming and Hyperbolic Discounting.  Larry Karp.  Journal of Public Economics, Vol. 89, pp 261 - 282, February 2005.
  
• Regulation with Anticipated Learning about Environmental Damages.    Appendix to paper  Larry Karp and Jiangfeng Zhang,  Journal of Environmental Economics and Management, Vol. 51 No. 3 pp 259 - 280, 2006
• A Global Game with Strategic Substitutes and Complements.  Larry Karp, In Ho Lee, and Robin Mason.  Games and Economic Behavior, Vol. 60 pp 155 - 175, 2007.
• Indeterminacy with environmental and labor dynamics  Larry Karp and Thierry Paul, Structural Change and Economic Dynamics       Vol. 18, pp 100 – 119, 2007.
• Appendix to "Indeterminacy with environmental and labor dynamics"
• The Dynamic Effects of Trade Liberalization and Environmental Policy Harmonization.  Larry Karp and Jinhua Zhao.  In "Handbook of International Trade: Economic and Legal Analysis of Laws and Institutions," edited by James Hartigan.  Blackwell Press, 2003.
• Intersectoral migration costs and multiple equilibria  Larry Karp and Thierry Paul.  November 2005.
• Property Rights, Mobile Capital, and Comparative Advantage.  Larry Karp.   Journal of Development Economics Vol. 77.  pp 367 -87, 2005.
• Non-constant Discounting in Continuous Time Larry Karp. Journal of Economic Theory No. 132 pp 577 - 568,  2007.
• Regulatory Takings and Environmental Regulation in NAFTA's Chapter 11 Emma Aisbett, Larry Karp, and Carol McAusland, Working Paper, February 2006.
• Multiplicity of investment equilibria when pollution permits are not tradable Larry Karp, Working Paper, June 2006.
• Numerical analysis of non-constant discounting with an application to renewable resource management Tomoki Fujii and Larry Karp, Working Paper June 2006
• A proposal to reform the Kyoto Protocol: Escape clauses and foresight Larry Karp and Jinhua Zhao, Working paper, February 2007
• Climate policy when the distant future matters: Catastrophic events with hyperbolic discounting  Larry Karp and Yacov Tsur, February 2007
• Income distribution and the allocation of public agricultural investment in developing countries (Background paper prepared for World Development Report 2007) Larry Karp, May 2007
• Managing migration from the traditional to the modern sector in developing countries (Background paper prepared for World Development Report 2007) Larry Karp, May 2007
• Police-powers, regulatory takings and the efficient compensation of domestic and foreign investors  Emma Aisbett, Larry Karp and Carol McAusland October 2009.  Economic Record Vol. 86 pp 367 – 383, 2010.
• Numerical analysis of non-constant pure rate of time preference: a model of climate policy Tomoki Fujii and Larry Karp, Volume 56 pp 83 - 101,  Journal of Environmental Economics and Management, 2008
• Time perspective and climate change policy  Larry Karp and Yacov Tsur, JEEM vol 62 pp 1-14 July 2011
• Time perspective and climate change policy, online appendix
• Correct (and misleading) arguments for cap and trade Larry Karp, August 2012  (This draft replaces "Correct (and misleading) arguments for using market-based pollution control policies")
• Taxes versus quantities for a stock pollutant with endogenous abatement costs and asymmetric information  Larry Karp and Jiangfeng Zhang, January 2012
• A proposal for the design of the successor to the Kyoto Protocol Larry Karp and Jinhua Zhao January 2009, Winner of the Harvard Project on International Climate Agreements research paper competition.
• International Environmental Agreements, Emissions Trade, safety valves and escape clauses Larry Karp and Jinhua Zhao,  Revue Economiique, Vol. 61, pp 153-182, 2010.
• Suggestions for the road to Copenhagen Larry Karp and Jinhua Zhao, June 2009
• Sacrifice, discounting, and climate policy: five questions, Larry Karp, July 2009
• The effect of learning on membership and welfare in an International Environmental Agreement, Larry Karp Climatic Change 110: 499- 505, 2012
• Four proposals for the next climate agreement Update vol 13 No 1 2009
• Editorial: Marktwirtschaftliche Ideen fur einen Klimaschutz-Vertrag  Neue Z�rcher Zeitung November 21, 2009.
• International Environmental Agreements with mixed strategies and investment  Fuhai Hong and Larry Karp, Journal of Public Economics Vol 96 pp 685 - 697, 2012.
• Incentives to join international environmental agreements with permit trading and safety valves Larry Karp, April 2010
• Compensation for indirect expropriation in international investment agreements Emma Aisbett, Larry Karp and Carol McAusland, Journal of Globalization and Development Vol 1 Issue 2, Article 6, 2010
• The environment and trade: a Review Larry Karp, Annual Review of Resource Economics Vol 3, pp 397-417, 2011.
• Participation games and international environmental agreements: a nonparametric model  Larry Karp and Leo Simon, Forthcoming, JEEM
• The Political Economy of Environmental Policy with Overlapping Generations  Larry Karp and Armon Rezai, May, 2014, International Economic Review, vol 55, pp 711 - 733.
• Online appendix for "The political economy of environmental policy with overlapping generations" Larry Karp and Armon Rezai
• The iPhone goes downstream: Mandatory Universal Distibution Larry Karp and Jeff Perloff, B.E. Journal of Economic Analysis and Policy vol 13 pp 595 - 626, 2013.
• Green Industrial Policy: Trade and Theory Larry Karp and Megan Stevenson, January 2012
• Equilibrium resource management with altruistic overlapping generations Ivar Ekeland, Larry Karp, and Rashid Sumaila, Journal of Environmental Economics and Management, volume 70 pp 1 - 16, 2015.
• The income and production effects of leakage August 2013 (This paper replaces the 2010 "Reflexions on Carbon Leakage")
• Overlapping generations and environmental policy: an Introduction Frontiers Econ. China (9) pp 6- 24, 2014.
• Provision of a public good with altruistic overlapping generations and many triibes  July 2013
• International environmental agreements with endogenous or exogenous risk  Hong Fuhai and Larry Karp, Journal of the Association of Environmental and Resource Economics vol 1 pp 365 - 394, 2014
• Dynamic climate policy with both strategic and non-strategic agents Larry Karp, Sauleh Siddiqui and Jon Strand, Environmental and Resource Economics March 2015.
• Discounting Larry Karp and Christian Traeger, Enclyclopedia of Energy, Natural Resource, and Environmental Economics, Elsevier, 2013.
• Trade and resource sustainability with overlapping generations  Larry Karp and Armon Rezai, March, 2014
• Railroad discounting  Economics Letters vol 39 pp 65 - 71, 2015
• Provision of a public good with many dynasties March 2016, Forthcoming, Economic Journal (This paper revises "Provision of a public good with altruistic overlapping generations and many tribes")

*The following documents can be read by