This paper presents a set of multi-gas mitigation scenarios that aim for stabilisation of greenhouse gas radiative forcing in 2150 at levels from 3.7 to 5.3 W/m2. At the moment, non-CO2 gasses (methane, nitrous oxide, PFCs, HFCs and SF6) contribute to about a quarter of the global emissions. The...

This paper analyzes the economic impact of mitigation policies that lead to stabilization of CO<Subscript>2</Subscript> concentrations at levels of 550 and 450ppmv, respectively. We succes-sively use each of the four new IPCC scenarios as a baseline. We analyze the impact of two different mitigation paths to the same...</subscript>

Foreign direct investment (FDI) in services is often more important to supply foreign markets than cross-border trade. A complete analysis of services liberalization therefore requires the modelling of FDI. This paper presents the treatment of FDI in our CGE model WorldScan based on the ideas of...

Changing the income tax progressivity in labour markets with collective wage bargaining generates a trade-off. On the one hand, higher progressivity distorts individual labour supply decisions at the hours-of-work margin, on the other hand, it reduces unemployment by exerting downward pressure...

Economic thought on climate policy as an instance of environmental regulation is strongly influenced by the principle of a uniform carbon price. Economists acknowledge that this principle breaks down in a “second-best” world with other distortions, such as taxes and market power in domestic...