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Optimal Energy Investment and R&D Strategies to Stabilise Greenhouse Gas Atmospheric Concentrations

Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele; … - CESifo - 2007

The stabilisation of GHG atmospheric concentrations at levels expected to prevent dangerous climate change has become an important, global, long-term objective. It is therefore crucial to identify a cost-effective way to achieve this objective. In this paper we use WITCH, a hybrid...

Persistent link: https://www.econbiz.de/10005765756

Delayed Action and Uncertain Targets. How Much Will Climate Policy Cost?

Bosetti, Valentina; Carraro, Carlo; Sgobbi, Alessandra; … - CESifo - 2008

Despite the growing concern about actual on-going climate change, there is little consensus about the scale and timing of actions needed to stabilise the concentrations of greenhouse gases. Many countries are unwilling to implement effective mitigation strategies, at least in the short-term, and...

Persistent link: https://www.econbiz.de/10005406321

Delayed Participation of Developing Countries to Climate Agreements: Should Action in the EU and US be Postponed?

Bosetti, Valentina; Carraro, Carlo; Tavoni, Massimo - CESifo - 2008

, innovation in the form of energy R&D investments would be positivelyaffected, since it would become crucial in developed …

Persistent link: https://www.econbiz.de/10005094379

International Energy R&D Spillovers and the Economics of Greenhouse Gas Atmospheric Stabilization

Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele; … - CESifo - 2007

-riding incentives and decrease the investments in energy R&D. The strongest cuts in energy R&D investments are recorded among High …

Persistent link: https://www.econbiz.de/10005406173

What Should we Expect from Innovation? A Model-Based Assessment of the Environmental and Mitigation Cost Implications of Climate-Related R&D

Bosetti, Valentina; Carraro, Carlo; Duval, Romain; … - CESifo - 2010

This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies complement carbon pricing (taxes or permit trading) and...

Persistent link: https://www.econbiz.de/10008583644

Exit Dynamics of Start-up Firms: Does Profit Matter?

Golombek, Rolf; Raknerud, Arvid - CESifo - 2015

We estimate by means of indirect inference a structural economic model where firms’ exit and investment decisions are the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the current capital stock and a measure of short-run...

Persistent link: https://www.econbiz.de/10011124892

Estimating Fluctuations in Oil and Gas Investment

Dahl, Roy Endré; Osmundsen, Petter - CESifo - 2014

Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...

Persistent link: https://www.econbiz.de/10010948869

Investment Policy for Time-Inconsistent Discounters

Harstad, Bård - CESifo - 2013

the current principal prefers her future self to save more, she can increase current investments complementary to future … savings and decrease investments in the strategic substitutes, for example. To characterize the principal’s choices they are … benefits from subsidizing investments in “green” capital (complementary to future savings) and tax investments in substitute …

Persistent link: https://www.econbiz.de/10010877709

Price-Dependent Profit Sharing as an Escape from the Bertrand Paradox

Foros, Oystein; Hagen, Kare P.; Kind, Hans Jarle - CESifo - 2007

firms undertake investments which benefit the industry in aggregate. The model is consistent with observations from the …

Persistent link: https://www.econbiz.de/10005094252

Global Warming and Extreme Events: Rethinking the Timing and Intensity of Environmental Policy

Chen, Yu-Fu; Funke, Michael - CESifo - 2010

The possibility of low-probability extreme events has reignited the debate over the optimal intensity and timing of climate policy. In this paper we therefore contribute to the literature by assessing the implications of low-probability extreme events on environmental policy in a continuous-time...

Persistent link: https://www.econbiz.de/10008511618