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International Climate Agreements, Cost Reductions and Convergence of Partisan Politics
Laurency, Patrick; Schindler, Dirk - CESifo - 2011
In recent years, differences between traditional and green parties have been leveled with respect to climate protection. We show that this partial convergence in party platforms can be explained by international climate agreements, effectively reducing greenhouse gas emissions. We set up a...
Persistent link: https://www.econbiz.de/10009320779
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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 Western Europe. We demonstrate that a median quantile...
Persistent link: https://www.econbiz.de/10010877673
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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
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Pass-through of CO2 Emission Costs to Hourly Electricity Prices in Germany
Hintermann, Beat - CESifo - 2014
I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot market data. I control for contemporaneous shocks to demand and supply by constructing a detailed supply curve for fossil generation, and intersecting it with residual demand for...
Persistent link: https://www.econbiz.de/10010948833
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Simultaneous Supplies of Dirty and Green Fuels with Capacity Constraint: Is there a Green Paradox?
Gronwald, Marc; Long, Ngo Van; Röpke, Luise - CESifo - 2013
This paper contributes to the green paradox literature by using a resource extraction framework with heterogeneous energy sources. A key feature of the model is a capacity constrained green backstop resource, which implies the simultaneous use of the expensive backstop resource and the cheaper...
Persistent link: https://www.econbiz.de/10010948844
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Sacrifice, Discounting and Climate Policy: Five Questions
Karp, Larry S. - CESifo - 2009
, affects the role of discounting. I argue that the assertion that the risk of catastrophic damage overwhelms discounting is …
Persistent link: https://www.econbiz.de/10005013940
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Dark Clouds or Silver Linings? Knightian Uncertainty and Climate Change
Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole - CESifo - 2011
This paper examines the impact of Knightian uncertainty upon optimal climate policy through the prism of a continuous-time real option modelling framework. We analytically determine optimal intertemporal climate policies under ambiguity. Additionally, numerical simulations are provided to...
Persistent link: https://www.econbiz.de/10009221550
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Climate Policy under Sustainable Discounted Utilitarianism
Dietz, Simon; Asheim, Geir B. - CESifo - 2011
utility if and only if the present is better off than the future. Using the DICE integrated assessment model to run risk …
Persistent link: https://www.econbiz.de/10009293489
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Why Uncertainty Matters - Discounting under Intertemporal Risk Aversion and Ambiguity
Traeger, Christian - CESifo - 2012
assumption of (intertemporal) risk neutrality reduces the growth effect in social discounting and significantly amplifies the … importance of risk and correlation. Second, debate and models largely overlook the difference in attitude with respect to risk … and with respect to non-risk uncertainty. The paper derives the resulting changes of the risk-free and the stochastic …
Persistent link: https://www.econbiz.de/10009645646
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Trading Off Generations: Infinitely Lived Agent Versus OLG
Schneider, Maik T.; Traeger, Christian; Winkler, Ralph - CESifo - 2012
The prevailing literature discusses intergenerational trade-offs in climate change predominantly in terms of the Ramsey equation relying on the infinitely lived agent model. We discuss these trade-offs in a continuous time OLG framework and relate our results to the infinitely lived agent...
Persistent link: https://www.econbiz.de/10009649700