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Learning and Price Volatility in Duopoly Models of Resource Depletion

Ellison, Martin; Scott, Andrew - C.E.P.R. Discussion Papers - 2009

We introduce learning into a Hotelling model of a non-renewable resource market. By combining learning and scarcity we … learning model we show how a self confirming equilibrium exists but is not constant over time. As scarcity increases the SCE … significantly alters escape dynamics with the time to escape shortening and the magnitude of dynamics reducing as scarcity rises. In …

Persistent link: https://www.econbiz.de/10004973966

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

What is the Top Priority on Climate Change?

Klemperer, Paul - C.E.P.R. Discussion Papers - 2009

What should be the West's top priority for climate-change policy? This article is a revised and updated version of my talk to the Potsdam Global Sustainability Symposium (which drafted the Potsdam Declaration presented to the 2007 UN Climate Change Conference in Bali).

Persistent link: https://www.econbiz.de/10005123837

Are Compact Cities Environmentally Friendly?

Gaigné, Carl; Riou, Stéphane; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2011

There is a large consensus among international institutions and national governments to favor urban-containment policies - the compact city - as a way to improve the ecological performance of the urban system. This approach overlooks a fundamental fact: what matters for the ecological outcome of...

Persistent link: https://www.econbiz.de/10008867493

Energy and Climate Change in China

Carraro, Carlo; Massetti, Emanuele - C.E.P.R. Discussion Papers - 2012

This paper examines future energy and emissions scenarios in China generated by the Integrated Assessment Model WITCH. A Business-as-Usual scenario is compared with five scenarios in which Greenhouse Gases emissions are taxed, at different levels. The elasticity of China’s emissions is...

Persistent link: https://www.econbiz.de/10011084331

Climate Change Mitigation Strategies in Fast-Growing Countries: The Benefits of Early Action

Bosetti, Valentina; Carraro, Carlo; Tavoni, Massimo - C.E.P.R. Discussion Papers - 2009

This paper builds on the assumption that OECD countries are (or will soon be) taking actions to reduce their greenhouse gas emissions. These actions, however, will not be sufficient to control global warming, unless developing countries also get involved in the cooperative effort to reduce GHG...

Persistent link: https://www.econbiz.de/10004964422

Incentives and Stability Of International Climate Coalitions: An Integrated Assessment

Bosetti, Valentina; Carraro, Carlo; De Cian, Enrica; … - C.E.P.R. Discussion Papers - 2012

This paper analyses the incentives to participate in and the stability of international climate coalitions. Using the integrated assessment model WITCH, the analysis of coalitions’ profitability and stability is performed under alternative assumptions concerning the pure rate of time...

Persistent link: https://www.econbiz.de/10011083407

Behind the GATE Experiment: Evidence on Effects of and Rationales for Subsidized Entrepreneurship Training

Fairlie, Robert W; Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2012

We use randomized program offers and multiple follow-up survey waves to examine the effects of entrepreneurship training on a broad set of outcomes. Training increases short run business ownership and employment, but there is no evidence of broader or longer run effects. We also test whether...

Persistent link: https://www.econbiz.de/10011084448

Climate Tipping and Economic Growth: Precautionary Saving and the Social Cost of Carbon

Zeeuw, Aart J. de; van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2014

The optimal reaction to a pending productivity shock of which the expected arrival time increases with global warming is to accumulate more precautionary capital to smooth consumption and to levy a carbon tax, proportional to the marginal hazard of a catastrophe, to curb the risk of climate...

Persistent link: https://www.econbiz.de/10011084431

Anticipation, Tax Avoidance, and the Price Elasticity of Gasoline Demand

Coglianese, John; Davis, Lucas W; Kilian, Lutz; Stock, … - C.E.P.R. Discussion Papers - 2015

Traditional least squares estimates of the responsiveness of gasoline consumption to changes in gasoline prices are biased toward zero, given the endogeneity of gasoline prices. A seemingly natural solution to this problem is to instrument for gasoline prices using gasoline taxes, but this...

Persistent link: https://www.econbiz.de/10011184084