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The role of uncertainty and learning for the success of international climate agreements
Finus, Michael; Pintassilgo, Pedro - In: Journal of Public Economics 103 (2013) C, pp. 29-43
good character of many of these economic problems, encouraging free-riding. Another reason one might suspect is uncertainty …. Paradoxically, some recent papers have concluded just the opposite: the “veil of uncertainty” can be conducive to the success of … conditions where learning has a negative effect on the success of cooperation which removes this effect or even turns it into a …
Persistent link: https://www.econbiz.de/10011056195
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Managing Catastrophic Risk
Heal, Geoffrey; Kunreuther, Howard - National Bureau of Economic Research (NBER) - 2012
A principal reason that losses from catastrophic risks have been increasing over time is that more individuals and firms are locating in harm's way while not taking appropriate protective measures. Several behavioural biases lead decision-makers not to invest in adaptation measures until after...
Persistent link: https://www.econbiz.de/10011276430
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What does “clean” really mean? The implicit framing of decontextualized experiments
Engel, Christoph; Rand, David G. - In: Economics Letters 122 (2014) 3, pp. 386-389
It is standard in experimental economics to use decontextualized designs where payoff structures are presented using neutral language. Here we show that cooperation in such a neutrally framed Prisoner’s Dilemma is equivalent to a PD framed as contributing to a cooperative endeavour....
Persistent link: https://www.econbiz.de/10011041589
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Stochastic carbon sinks for combating carbon dioxide emissions in the EU
Gren, Ing-Marie; Carlsson, Mattias; Elofsson, Katarina; … - In: Energy Economics 34 (2012) 5, pp. 1523-1531
This paper carries out numerical calculations on the potential of carbon sinks in the EU Emissions Trading Scheme (ETS) and national commitments under conditions of stochastic carbon dioxide emissions from fossil fuels and carbon sequestration by forests. Chance constraint programming is used to...
Persistent link: https://www.econbiz.de/10010868729
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National Survey Evidence on Disasters and Relief: Risk Beliefs, Self-Interest, and Compassion
Viscusi, W Kip; Zeckhauser, Richard - National Bureau of Economic Research (NBER) - 2006
A nationally representative sample of respondents estimated their fatality risks from four types of natural disasters, and indicated whether they favored governmental disaster relief. For all hazards, including auto accident risks, most respondents assessed their risks as being below average,...
Persistent link: https://www.econbiz.de/10005089113
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Addressing the COVID-19 and climate crises : Potential economic recovery pathways and their implications for climate change mitigation, NDCs and broader socio-economic goals
Buckle, Simon - 2020
This paper provides decision-makers with a framework for prioritising different economic, social and environmental goals and analysing the options available to achieve them. To this end, it develops three stylised COVID-19 recovery pathways (“Rebound”, “Decoupling” and “Wider...
Persistent link: https://www.econbiz.de/10012630326
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TACKLING NEGATIVELY CORRELATED GLOBAL AND LOCAL EXTERNALITIES — AN ECONOMIC STUDY OF MULTIPLE GASES ISSUE IN CLIMATE CHANGE
YANG, ZILI; MENON, SURABI - In: Climate Change Economics (CCE) 04 (2013) 03, pp. 1350013-1
In this paper, we examine the relationship between CO2 and SO2 (including carbonaceous aerosols) mitigations in a framework of correlated global and local externalities. The framework is set up in a revised RICE model [Nordhaus, WD and Z Yang (1996). A regional dynamic general-equilibrium model...
Persistent link: https://www.econbiz.de/10011010761
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Calculation of a Population Externality
Bohn, Henning; Stuart, Charles - In: American Economic Journal: Economic Policy 7 (2015) 2, pp. 61-87
It is known that when people generate externalities, a birth also generates an externality and efficiency requires a Pigou tax/subsidy on having children. The size of the externality from a birth is important for studying policy. We calculate the size of this "population externality" in a...
Persistent link: https://www.econbiz.de/10011269003
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Second-Best Carbon Taxation in the Global Economy: The Green Paradox and Carbon Leakage Revisited
van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2015
Unilateral second-best carbon taxes are analysed in a two-period, two-country model with international trade in final goods, oil and bonds. Acceleration of global warming resulting from a future carbon tax is large if the price elasticities of oil demand are large and that of oil supply is...
Persistent link: https://www.econbiz.de/10011262885
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The Market for Conservation and Other Hostages
Harstad, Bård - National Bureau of Economic Research (NBER) - 2011
A conservation good, such as the rainforest, is a hostage: it is possessed by S who may prefer to consume it, but B receives a larger value from continued conservation. A range of prices would make trade mutually beneficial. So, why doesn't B purchase conservation, or the forest, from S? If this...
Persistent link: https://www.econbiz.de/10009294560