This paper discusses the interplay between the choice of the discount rate, greenhouse gas mitigation and endogenous technological change. Neglecting the issue of uncertainty it is shown that the Green Golden Rule stock of atmospheric carbon is uniquely determined, but is not affected by...

Do we need an overlapping generations model for the economics of global warming? To answer this question, an infinitely-lived agent (ILA) approach and an overlapping generations (OLG) model are contrasted. ILA and OLG can be viewed as polar representations of intergenerational altruism. With ILA...

This paper analyses banking and borrowing ofcarbon emission rights within the framework ofa simple, integrated assessment model. Breaking the world economy in just two regionsit will be shown: (1) Increasing intertemporal flexibility in greenhouse gasabatement through banking and borrowing...

Eine moderne Industriegesellschaft ist ohne Transportdienstleistungen und Individualverkehr nicht funktionsfähig. Die Untersuchung evaluiert, wie eine politisch motivierte Änderung der Preise für Mineralöle auf die Entwicklung der deutschen Volkswirtschaft im Allgemeinen und des Verkehrs im...