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Why does Environmental Policy in Representative Democracies Tend to be Inadequate? A Preliminary Public Choice Analysis
Kollmann, Andrea; Schneider, Friedrich - CESifo - 2010
, traditional and green interest groups and bureaucracies) that a shift towards an eco-social market economy is essential for … sustainable growth. Nevertheless, market-based instruments have not been implemented satisfactorily in environmental policy yet … players’ behavior is analyzed in order to show that their incentives for implementing market-based instruments in …
Persistent link: https://www.econbiz.de/10008727290
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Formal Contracts, Relational Contracts, and the Threat-Point Effect
Itoh, Hideshi; Morita, Hodaka - CESifo - 2011
Can formal contracts help resolving the holdup problem? We address this important question by studying the holdup problem in repeated transactions between a seller and a buyer in which the seller can make relation-specific investments in each period. In contrast to previous findings, we...
Persistent link: https://www.econbiz.de/10009228616
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What Drives the Global Land Rush?
Arezki, Rabah; Deininger, Klaus; Selod, Harris - CESifo - 2011
This paper studies the determinants of foreign land acquisition for large-scale agriculture. To do so, gravity models are estimated using data on bilateral investment relationships, together with newly constructed indicators of agro-ecological suitability in areas with low population density as...
Persistent link: https://www.econbiz.de/10009368564
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The Green Paradox and Learning-by-Doing in the Renewable Energy Sector
Nachtigall, Daniel; Rübbelke, Dirk - CESifo - 2014
The green paradox conveys the idea that climate policies may have unintended side effects when taking into account the reaction of fossil fuel suppliers. In particular, carbon taxes that will be implemented in the future induce resource owners to extract more rapidly which increases present...
Persistent link: https://www.econbiz.de/10010795343
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Announcing is Bad, Delaying is Worse: Another Pitfall in Well-Intended Climate Policy
Jus, Darko; Meier, Volker - CESifo - 2012
It is frequently observed that the implementation of green policies is delayed compared to the initial announcement. Considering a setting with a representative monopolist extracting a non-renewable resource, we demonstrate that announcing a green policy, but then delaying its implementation, is...
Persistent link: https://www.econbiz.de/10010752787
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Climate Policy and Development
Gersbach, Hans; Hummel, Noemi - CESifo - 2009
We propose 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/10008572503
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Natural-Resource Rents and Internal Conflicts - Can Decentralization Lift the Curse?
Farzanegan, Mohammad Reza; Lessmann, Christian; … - CESifo - 2013
We study how natural-resource rents affect the risk of internal conflict within countries and how the federal structure of countries influences this relationship. Natural-resource abundance may induce excessive rent-seeking and thus increase the risk of internal conflict. Fiscal and political...
Persistent link: https://www.econbiz.de/10010634079
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War and Natural Resource Exploitation
Ploeg, Frederick Van der; Rohner, Dominic - CESifo - 2010
balanced depletion due to lowered incentives for future rebel attacks. With private exploitation, rebels fight more than the …. Incentive-compatible license fees paid by private companies and mining investment are lower in unstable countries, and increase … endogenous weapon investments, the government invests more under balanced than under rapacious or private extraction. If the …
Persistent link: https://www.econbiz.de/10008727286
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External Monetary Shocks and Monetary Integration: Evidence from the Bulgarian Currency Board
Minea, Alexandru; Rault, Christophe - CESifo - 2011
Starting July the 1st 1997, Bulgaria adopted a Currency Board (CB) monetary system. This paper aims at investigating if … better (with respect to other CEEC) monetary integration of Bulgaria with the European Monetary Union (EMU). Since Bulgarian … terms of integration of Bulgaria into the EMU. …
Persistent link: https://www.econbiz.de/10008914289
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Dispatching after Producing: The Supply of Non-Renewable Resources
Daubanes, Julien; Lasserre, Pierre - CESifo - 2014
There exists no formal treatment of non-renewable resource (NRR) supply, systematically deriving quantity as function of price. We establish instantaneous restricted (fixed reserves) and unrestricted NRR supply functions. The supply of a NRR at any date and location not only depends on the local...
Persistent link: https://www.econbiz.de/10010960649