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This paper tackles the complex issue of how to include regenerating indigenous forest in a domestic carbon credit system. The paper specifically addresses New Zealand conditions but most of the issues and conclusions are relevant in any developed country with indigenous regrowth. The paper...
Persistent link: https://www.econbiz.de/10005118946
either chooses a R&D (and output) subsidy, or remains inactive. For a domestic duopoly a government taxes, subsidizes, or …
Persistent link: https://www.econbiz.de/10005556503
duopoly with aggregate demand uncertainty. We find that limited liability and investment irreversibility is likely to produce … obligations in adverse states. However, market conditions themselves become endogenous in a duopoly since the quantity decisions … consequently monopolize the market. Therefore, the model of this paper explains predatory behavior in a duopoly without invoking …
Persistent link: https://www.econbiz.de/10005134505
algorithm of social evolution and aspiration learning for asymmetric duopoly is presented. The evolutionary equilibrium in R …&D duopoly with spillovers is presented and analyzed. The results show that strengthening intellectual property rights protection …
Persistent link: https://www.econbiz.de/10005412931
considers explicitly the joint allocation of leisure and commodity demands where the wage rate plays a role both as a form of …
Persistent link: https://www.econbiz.de/10005556916
This paper is intended as a step toward the development of theoretically founded and operational environmental taxation formula in a second-best world. Recent studies find that environmental taxes typically exacerbate pre-existing tax distortions and, therefore, the optimal pollution tax should...
Persistent link: https://www.econbiz.de/10005560960
This paper tackles the complex issue of how buyers and sellers within a domestic carbon credit system designed to include regenerating indigenous forest would optimally design contracts for trades of the new good, “carbon sink credits”. The paper begins by briefly defining the constraints...
Persistent link: https://www.econbiz.de/10005407768
On February 17, 1981, the President issued Executive Order 12291 mandating that regulatory agencies must prepare regulatory impact analyses (RIAs) on all major regulations. Before taking action, the agencies must send all RIAs and proposed regulations to the Office of Management and Budget (OMB)...
Persistent link: https://www.econbiz.de/10005407775
Carbon sequestration in plantation forests provides the main means by which New Zealand will meet its international climate change obligations in the first commitment period of the Kyoto Protocol (2008–2012). However, without active policy, forests are unlikely to contribute as much in...
Persistent link: https://www.econbiz.de/10005407796
Most economists congregate on the idea that commodity price instability should be reduced. Since at least one century a variety of instruments have been designed to that end, without much success, especially for agricultural commodities. The failure might be a consequence of the fact that most...
Persistent link: https://www.econbiz.de/10005412556