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strategic incentives for either government or regulated entities. Consideration of both exogenous risk (uncontrollable) and … endogenous risk (concerns about policy credibility) suggests that permits should be auctioned several years in advance of use … all risk to be pooled and managed as efficiently as possible within the private sector. For endogenous risk, it creates a …
Persistent link: https://www.econbiz.de/10005407778
Until about 13,000 years ago all humans obtained their food through hunting and gathering, but thereafter people in some parts of the world began a transition to agriculture. Recent data strongly implicate climate change as the driving force behind the agricultural transition in southwest Asia....
Persistent link: https://www.econbiz.de/10005125833
Policy enabling tropical forests to approach their potential contribution to global-climate-change mitigation requires forecasts of land use and carbon storage on a large scale over long periods. In this paper, we present an integrated modeling methodology that addresses these needs. We model...
Persistent link: https://www.econbiz.de/10005407812
Climate change is the exemplary global public good, because each country’s emissions of greenhouse gases contribute cumulatively to the increase of the overall concentration, and each country’s abatements entail higher cost than benefit, unless effective concerted collective actions take...
Persistent link: https://www.econbiz.de/10005556176
The more the various dimensions of climate change are just, the more an international agreement is in principle attainable. That is the reason why justice plays a major role in favouring collective action against global warming. In this article I spell out the dominant notions of justice and the...
Persistent link: https://www.econbiz.de/10005560972
We explore the generality of Konrad and Lommerud (1995)'s Rotten Spouse Theorem. While the result holds for an arbitrary number of agents, it fails to hold for general technologies. We discuss some of the implications for CO2-emissions models.
Persistent link: https://www.econbiz.de/10005560976
Hendy and Kerr (2005b) find that an emissions charge on agricultural methane and nitrous oxide of $25 per tonne of carbon dioxide (CO2) equivalent would be likely to reduce New Zealand’s net land-use related emissions for commitment period one in the order of 3%, with full accounting. The...
Persistent link: https://www.econbiz.de/10005118859
NEED TO RECONSIDER OUR ACTIONS/DECISIONS WITH RISK AND TROUBLES, SO 'TRUSTING' IS GOING TO HAVE AN IMPORTANT ROLE AS … AND WE WONT TO AVOID THE RISK OF BEING DECEIVED. THESE SOCIAL INTERACTIONS ARE PRECONDITIONS THAT HAVE MANY CONSEQUENCES …
Persistent link: https://www.econbiz.de/10005126102
issues of time and uncertainty in economics. The source of the difference between their economic ideas was the difference …
Persistent link: https://www.econbiz.de/10005076652
This paper presents a more realistic endogenous time preference model, incorporating the property that impatience decreases as consumption increases. The model overcomes a serious drawback of the existing model, which needs the assumption of increasing impatience. The new model is applied to the...
Persistent link: https://www.econbiz.de/10005076835