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to determine the (perceived) risk in the face of which oil and mining firms determine their level of investment in … investigate the macroeconomic effects of institutional quality on the oil and mining sector separately from those on the rest of …
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management of mining and quarrying. This process, however, - started in the 70s with the Presidential Decree N. 616 of 1977. By … mining and quarrying domestic producer price index - considered as a dependent variable - and non-energy producing mineral … quantity extracted and the effect of the Italian Regions Responsibility over mining and quarrying activity on mining and …
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Optimal climate policy is studied in a Ramsey growth model with exhaustible oil reserves, an infinitelyelastic supply of renewables, stock-dependent oil extraction costs and convex climate damages. Weconcentrate on economies with an initial capital stock below that of the steady state of the...
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equilibrium model allowing for a disaggregated representation of the mining sector and endogenous investment in capacities is …
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Under which conditions unilateral tightening of climate policy causes a weak or strong green paradox or even decreases social welfare has recently been studied by Hoel (2011). Hoel assumes that the costs of extracting fossil fuel are linear in output. We extend his model by allowing for...
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The green paradox conveys the idea that climate policies may have unintended side effects when taking into account the reaction of fossil fuel suppliers. In particular, carbon taxes that will be implemented in the future induce resource owners to extract more rapidly which increases present...
Persistent link: https://www.econbiz.de/10010375227