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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

Climate Policy and Developing Countries

Gersbach, Hans; Hummel, Noemi - C.E.P.R. Discussion Papers - 2011

We suggest a development-compatible refunding system designed to mitigate climate change. Industrial countries pay an initial fee into a global fund. Each country chooses its national carbon tax. Part of the global fund is refunded to developing and industrial countries, in proportion to the...

Persistent link: https://www.econbiz.de/10009365009

International Emission Permit Markets with Refunding

Gersbach, Hans; Winkler, Ralph - C.E.P.R. Discussion Papers - 2008

We propose a blueprint for an international emission permit market such as the EU trading scheme. Each country decides on the amount of permits it wants to offer. A fraction of these permits is grandfathered, the remainder is auctioned. Revenues from the auction are collected in a global fund...

Persistent link: https://www.econbiz.de/10005666487

On the Design of Global Refunding and Climate Change

Gersbach, Hans; Winkler, Ralph - C.E.P.R. Discussion Papers - 2007

We design a global refunding scheme as a new international approach to address climate change. A global refunding system allows each country to set its carbon emission tax, while aggregate tax revenues are partially refunded to member countries in proportion to the relative emission reductions...

Persistent link: https://www.econbiz.de/10005067545

Macroinsurance for Microenterprises: A Randomized Experiment in Post-Revolution Egypt

McKenzie, David - C.E.P.R. Discussion Papers - 2014

macroeconomic and political uncertainty. Demand for macroeconomic shock insurance was high; 36.7 percent of microentrepreneurs in … the treatment group purchased insurance. However, purchasing insurance does not change the likelihood that a business … microenterprises. However, insurance may still be of value to them to help cope with shocks when they do occur, but we are unable to …

Persistent link: https://www.econbiz.de/10011084029

Genetic Tests and Intertemporal Screening in Competitive Insurance Markets

Emons, Winand - C.E.P.R. Discussion Papers - 2007

We consider successive generations of non-altruistic individuals carrying a good or bad gene. Daughters are more likely to carry their mother's gene than the opposite one. Competitive insurers can perform a genetic test revealing an agent's gene. They may condition their quotes on the agent's or...

Persistent link: https://www.econbiz.de/10005661858

Supermarkets and Planning Regulation

Griffith, Rachel; Harmgart, Heike - C.E.P.R. Discussion Papers - 2008

We are interested in evaluating the impact of restrictive planning regulation on entry into the UK grocery retail industry. We estimate a model similar to Bresnahan and Reiss (1991) where we allow for multiple store formats. We find that more restrictive planning regulation reduces the number of...

Persistent link: https://www.econbiz.de/10005788990

On the Origins of Land Use Regulations: Theory and Evidence from US Metro Areas

Hilber, Christian A. L.; Robert-Nicoud, Frédéric - C.E.P.R. Discussion Papers - 2012

We model residential land use constraints as the outcome of a political economy game between owners of developed and owners of undeveloped land. Land use constraints benefit the former group via increasing property prices but hurt the latter via increasing development costs. In this setting,...

Persistent link: https://www.econbiz.de/10011083410

On the origins of land use regulations: Theory and evidence from US metro areas

Hilber, Christian A. L.; Robert-Nicoud, Frédéric - C.E.P.R. Discussion Papers - 2009

We model residential land use constraints as the outcome of a political economy game between owners of developed and owners of undeveloped land. Land use constraints benefit the former group (via increasing property prices) but hurt the latter (via increasing development costs). More desirable...

Persistent link: https://www.econbiz.de/10008557007

Personal Pensions with Risk sharing: Affordable, Adequate and Stable Private Pensions in Europe

Bovenberg, A Lans; Nijman, Theo E - C.E.P.R. Discussion Papers - 2015

pension: the Personal Pension with Risk sharing (PPR). By unbundling and valuing the investment, (dis)saving, insurance and … heterogeneous individuals. Moreover, unlike variable annuities, PPRs allow investment risks to be combined with longevity insurance …. The unbundling of functions in the PPR also deepens the internal markets for financial and insurance products while at the …

Persistent link: https://www.econbiz.de/10011252616

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