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In many federations, fiscal equalization schemes soften fiscal imbalances across the member states. Such schemes usually imply that the member states internalize only a small fraction of the additional tax revenue from an expansion of the state-specific tax bases, while the remainder of the...
Persistent link: https://www.econbiz.de/10011128867
, we analyze the impact of profit-maximizing merchant transmission investment as compared to welfare-maximizing regulated … transmission investment. We apply the model to the Baltic Sea region, which has in the past been subject to rapid interconnector … development and still would benefit from increased interconnection. We obtain stable results indicating that merchant investment …
Persistent link: https://www.econbiz.de/10010886165
capacities, and much of the investment will have to be regulated to come about. We also find strong interdependencies between …
Persistent link: https://www.econbiz.de/10010784002
Studies analyzing renewable energy market development usually investigate additional capacity or investment …
Persistent link: https://www.econbiz.de/10009325379
This paper derives a new effect of trade liberalisation on the quality of the environment. We show that in the presence of heterogeneous firms the aggregate volume of emissions is influenced not only by the long-established scale effect, but also by a reallocation effect resulting from an...
Persistent link: https://www.econbiz.de/10010896177
We investigate in a horizontal product differentiation model with North-South trade the implications of a home bias in consumers' demand for labelled goods. We compare mutual recognition and international harmonisation of ecological labels with respect to firms' profits and welfare. Northern...
Persistent link: https://www.econbiz.de/10004963920
Chinese companies have become major technology producers, with the largest share of their output exported. This paper examines the development of solar PV and wind energy technology component (WETC) exports from China and the competitive position of the country`s renewable energy industry. We...
Persistent link: https://www.econbiz.de/10010603558
Is it possible to combat global climate change through North-to-South technology transfer even without a global climate treaty? Or do carbon leakage and the rebound effect imply that it is possible to take advantage of technological improvements under the umbrella of a global arrangement only?...
Persistent link: https://www.econbiz.de/10011128880
We analyze empirically the optimal design of social insurance and assistance programs when families obtain insurance by making labor supply choices for both spouses. For this purpose, we specify a structural life-cycle model of the labor supply and savings decisions of singles and married...
Persistent link: https://www.econbiz.de/10011264826
Many developing countries around the world apply progressive water tariffs, often structured in the form of discretely increasing block tariffs (IBTs). These tariffs have been criticized in the welfare economic literature due to their perceived inefficiency: many of the prices charged under IBTs...
Persistent link: https://www.econbiz.de/10011266599