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Time-consistent carbon pricing : the role of carbon contracts for differences : [a previous version of this paper was titled: "Time-consistent carbon pricing"]

Chiappinelli, Olga; Neuhoff, Karsten - 2020

Carbon pricing decisions by governments are prone to time-inconsistency, which causes the private sector to underinvest in emission-reducing technologies. We show that incentives for decarbonization can be improved if complementing carbon pricing with carbon contracts for differences, where the...

Persistent link: https://www.econbiz.de/10012197900

Time-consistent carbon pricing

Chiappinelli, Olga; Neuhoff, Karsten - 2017

In this paper we show that carbon pricing is subject to time-inconsistency and we investigate solutions to improve on the problem and restore the incentive for the private sector to invest in low-carbon innovation. We show that a superior price-investment equilibrium can be sustained in the...

Persistent link: https://www.econbiz.de/10011771753

Strategic environmental policy and the mobility of firms

Richter, Philipp M.; Runkel, Marco; Schmidt, Robert C. - 2019

The loss of international competitiveness of domestic industries remains a key obstacle to the implementation of effective carbon prices in a world without harmonized climate policies. We analyze countries' non-cooperative choices of emissions taxes under imperfect competition and mobile...

Persistent link: https://www.econbiz.de/10011998996

How to turn an industry green : taxes versus subsidies

Dröge, Susanne; Schröder, Philipp J. H. - 2003

Zero Emission Bill or the EU Action Plan for Renewable Energy Sources. …

Persistent link: https://www.econbiz.de/10011438300

Unemployment and portfolio choice : does persistence matter?

Kuzin, Vladimir; Bremus, Franziska M. - 2010

systems as those established in the EU are able to offset the negative impact of unemployment risk on the portfolio …

Persistent link: https://www.econbiz.de/10003934763

Power system transformation towards renewables : an evaluation of regulatory approaches for network expansion

Egerer, Jonas; Rosellón, Juan; Schill, Wolf-Peter - 2013

We analyze various regulatory regimes for electricity transmission investment in the context of a transformation of the power system towards renewable energy. We study distinctive developments of the generation mix with different implications on network congestion, assuming that a shift from...

Persistent link: https://www.econbiz.de/10009771877

An analysis of institutional change in the European Union with an application to social policy

Kolmar, Martin - 2002

Institutional change is guided by rules. In the European Union these rules are given by Art. 250-252 of the Treaty of Amsterdam. These articles define the actors and rules that bring about changes in policies in the European Union. We analyze these articles as games in extensive form and...

Persistent link: https://www.econbiz.de/10011436174

Doorkeepers and gatecrashers : EU enlargement and negotiation strategies

Brücker, Herbert; Schröder, Philipp J. H.; Weise, … - 2003

This paper discusses the eastward enlargement process of the EU in the framework of a simple war of attrition … bargaining game. Both players - the existing EU members and the applicants - benefit from enlargement, yet for the applicants … reform to the acquis is costly, while the EU prefers substantially reformed candidates. A waiting game unfolds. Within this …

Persistent link: https://www.econbiz.de/10011438327

Intergenerational transfers and wealth in the euro-area : the relevance of inheritances and gifts in absolute and relative terms

Tiefensee, Anita; Westermeier, Christian - 2016

Private wealth is a crucial factor for the economic well‐being of households. Key determinants of private wealth include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research suggests. We conduct a detailed investigation of the...

Persistent link: https://www.econbiz.de/10011441460

Welfare effects of TTIP in a DSGE model

Engler, Philipp; Tervala, Juha - 2016

Several studies have analyzed the trade and output effects of the Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union, but our paper is the first attempt to study its welfare effects. We measure the welfare effect of TTIP as the percentage of...

Persistent link: https://www.econbiz.de/10011568062