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Super-Additionality: A Neglected Force in Markets for Carbon Offsets
Bento, Antonio; Kanbur, Ravi; Leard, Benjamin - C.E.P.R. Discussion Papers - 2012
Climate change mitigation programs classify two types of carbon offsets: Additional and non-additional. Additional offsets are offsets that correspond to actual reductions in emissions. In contrast, non-additional offsets are offsets that do not correspond to emissions reductions. These offsets...
Persistent link: https://www.econbiz.de/10011083359
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Migration, Congestion Externalities, and the Evaluation of Spatial Investments
Dinkelman, Taryn; Schulhofer-Wohl, Sam - C.E.P.R. Discussion Papers - 2012
Evaluations of new infrastructure in developing countries typically focus on direct effects, such as the impact of an electrifification program on household energy use. But if new infrastructure induces people to move into an area, other local publicly provided goods may become congested,...
Persistent link: https://www.econbiz.de/10011083273
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Dams
Duflo, Esther; Pande, Rohini - C.E.P.R. Discussion Papers - 2005
The construction of large dams is one of the most costly and controversial forms of public infrastructure investment in … estimates suggest that large dam construction in India is a marginally cost-effective investment with significant distributional …
Persistent link: https://www.econbiz.de/10005656412
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Community-based Development and Poverty Alleviation: An Evaluation of China’s Poor Village Investment Program
Park, Albert; Wang, Sangui - C.E.P.R. Discussion Papers - 2010
We conduct the first systematic evaluation of the world’s largest community-based development program--China’s flagship poverty alleviation program began in 2001 which finances public investments in designated poor villages based on participatory village planning. We use matching methods and...
Persistent link: https://www.econbiz.de/10008468658
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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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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
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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
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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
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Investment Incentives and Auction Design in Electricity Markets
de Frutos, Maria-Angeles; Fabra, Natalia; Fehr, … - C.E.P.R. Discussion Papers - 2008
performance through its impact on investment incentives. For this purpose, we study a two-stage game in which firms choose their … investment incentives at the margin are poorer; indeed, under reasonable assumptions on the shape of the demand distribution, the … discriminatory auction induces (weakly) stronger investment incentives than the uniform-price format. …
Persistent link: https://www.econbiz.de/10005656328
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Productivity volatility and the misallocation of resources in developing economies
Asker, John; Collard-Wexler, Allan; De Loecker, Jan - C.E.P.R. Discussion Papers - 2011
total factor productivity (TFP) and static measures of capital misallocation within a country. Using data on 5 … between productivity volatility and the dispersion of the marginal revenue product of capital (static capital misallocation …). We then use a standard model of investment with adjustment costs, parameterized using numbers calibrated to U.S. data, to …
Persistent link: https://www.econbiz.de/10009150947