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The effects of removing the German coal subsidy and of introducing a carbon tax are explored using a single country, static computable general equilibrium model.
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Japan has maintained tight control over its oil market with the result that Japanese consumers face higher net-of-tax oil product prices than other OECD consumers. However, in April 1996, the market will be deregulated. We explore, through simulation, the welfare effect of deregulation, taking...
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There is controversy surrounding so-called 'weak sustainability measures'which attemp to measure sustainability according to current chages in manufactured and natural capital. In the framework of a dynamic control model, these measures are related to the rate of change of the utility of a...
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The endogeneity of equilibrium strategies makes modelling uncertainty about the behaviour of other economic players … difficult. Recent developments in decision and game theory offer an opportunity to include strategic uncertainty as an … explanatory variable in economic analysis. This paper introduces to a new concept of decision making under uncertainty and an …
Persistent link: https://www.econbiz.de/10005086687
This paper introduces E-capacities as a representation of beliefs which incorporates objective information about the probability of events. It can be shown that the Choquet integral of an E-capacity is the Ellsberg representation. The paper further explores properties of this representation of...
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