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Hoel, Michael; Holtsmark, Bjart; Holtsmark, Katinka - CESifo - 2012

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

Technology Agreements with Heterogeneous Countries

Hoel, Michael; Zeeuw, Aart de - CESifo - 2014

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

Supply Side Climate Policy and the Green Paradox

Hoel, Michael - CESifo - 2013

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

Wood-Based Bioenergy

Hoel, Michael; Sletten, Thea Marcelia - CESifo - 2014

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

Back to Kyoto? US Participation and the Linkage between R&D and Climate Cooperation

Buchner, Barbara; Carraro, Carlo; Cersosimo, Igor; … - CESifo - 2002

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

Regional Equilibrium Unemployment Theory at the Age of the Internet

Lutgen, Vanessa; Linden, Bruno Van der - CESifo - 2015

This paper studies equilibrium unemployment in a two-region economy with matching frictions, where workers and jobs are free to move and wages are bargained over. Job-seekers choose between searching locally or searching in both regions. Search-matching externalities are amplified by the latter...

Persistent link: https://www.econbiz.de/10011272629

A Ricardian Analysis of the Impact of Climate Change on European Agriculture

Passel, Steven Van; Massetti, Emanuele; Mendelsohn, Robert - CESifo - 2014

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

The Green Paradox in Open Economies

Long, Ngo Van - CESifo - 2014

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

Investment Policy for Time-Inconsistent Discounters

Harstad, Bård - CESifo - 2013

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

Explosive Oil Prices

Gronwald, Marc - CESifo - 2013

This paper deals with three aspects of spectacular oil price episodes such as the one witnessed in 2008. First, the concept of temporary explosiveness is proposed as an empirical method for capturing this type of behavior. The application of a recently proposed recursive unit root test shows...

Persistent link: https://www.econbiz.de/10010877773