Showing 1 - 10 of 55
It is well-known that the distribution of citations to articles in a journal is skewed. We ask whether journal rankings based on the impact factor are robust with respect to this fact. We exclude the most cited paper, the top 5 and 10 cited papers for 100 economics journals and recalculate the...
Persistent link: https://www.econbiz.de/10010948832
skewness that varies between sizeable negative skewness and almost symmetry. The conditional variance and skewness measures are …The paper advances the log-generalized gamma distribution as a suitable generator of conditional skewness. Based on the … NYSE composite daily returns an asMA-asQGARCH model along with skewness dynamics is estimated. The results indicate a …
Persistent link: https://www.econbiz.de/10005765680
The paper presents an adjusted Faustmann Rule for optimal harvest of a forest when there is a social cost of carbon emissions. The theoretical framework takes account of the dynamics and interactions of forests’ multiple carbon pools and assumes an infinite time horizon. Our paper provides a...
Persistent link: https://www.econbiz.de/10010877686
emission reductions but cooperates on the development of new, climate friendly technologies that reduce the costs of abatement …
Persistent link: https://www.econbiz.de/10010877987
The focus of the green paradox literature has been either on demand-side climate policies or on effects of … no green paradox if supply-side climate policies are aimed at high-cost carbon reserves. If instead low-cost reserves are … removed, the possibility that both early and total emissions increase cannot be ruled out. Hence, "wrong" supply-side climate …
Persistent link: https://www.econbiz.de/10010607473
During recent years increased attention has been given to second-generation wood-based bioenergy. The carbon stored in the forest is highest when there is little or no harvest from the forest. Increasing the harvest from a forest, in order to produce more bioenergy, may thus conflict with the...
Persistent link: https://www.econbiz.de/10010752161
and in actual policymaking, is to link negotiations on climate change control with decisions concerning international R … strategy, and on the other hand the incentives for the US to join a coalition which cooperates both on climate change control …
Persistent link: https://www.econbiz.de/10005406394
This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis …. Climate, soil, geography and regional socio-economic variables are matched with farm level data from 37,612 farms across … depending on the climate scenario. Farms in Southern Europe are predicted to be particularly sensitive, suffering losses of -9 …
Persistent link: https://www.econbiz.de/10010877673
This paper explains how, in the context of incomplete coordination among all countries, unilateral policies that might at first sight seem pro-green could actually turn out to harm the global environment. The free-riding motives and the difficulty of reaching an effective international...
Persistent link: https://www.econbiz.de/10010877704
This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If 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...
Persistent link: https://www.econbiz.de/10010877709