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Ettinger, David - Fondazione ENI Enrico Mattei (FEEM) - 2003

We consider an auction setting in which potential buyers, even if they fail to obtain the good, care about the price paid by the winner. We study the impact of these price-externalities on the first-price auction and the second-price auction in a symmetric information framework. First, we...

Persistent link: https://www.econbiz.de/10005423117

Over-Allocation or Abatement? A Preliminary Analysis of the Eu Ets Based on the 2005 Emissions Data

Buchner, Barbara; Ellerman, Denny - Fondazione ENI Enrico Mattei (FEEM) - 2006

which over-allocation and abatement have taken place in 2005. We propose a measure by which over-allocation can be judged …

Persistent link: https://www.econbiz.de/10005230894

The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles

Buchner, Barbara K.; Carraro, Carlo; Ellerman, A. Denny - Fondazione ENI Enrico Mattei (FEEM) - 2006

This paper is the concluding chapter of Rights, Rents and Fairness: Allocation in the European Emissions Trading Scheme … lessons and general principles to be learnt from the allocation of allowances in the European Union Emission Trading Scheme … allocation process and on what are the global implications of the EU ETS. As has become obvious during the first allocation phase …

Persistent link: https://www.econbiz.de/10005570294

Welfare and Distribution Effects of Water Pricing Policies

Ruijs, Arjan - Fondazione ENI Enrico Mattei (FEEM) - 2007

In this paper, distribution and welfare effects of changes in block price systems are evaluated. A method is discussed to determine, for a Marshallian demand function, equivalent variation in case of a block price system. The method is applied to analyze welfare and distribution effects of...

Persistent link: https://www.econbiz.de/10005385366

Why Wind Is Not Coal: On the Economics of Electricity

Hirth, Lion; Ueckerdt, Falko; Edenhofer, Ottmar - Fondazione ENI Enrico Mattei (FEEM) - 2014

The economics of electricity is shaped by its physics. A well know example is the non-storability of electricity that causes its price to fluctuate widely. More generally, physical constraints cause electricity to be a heterogeneous good along three dimensions - time, space, and lead-time....

Persistent link: https://www.econbiz.de/10010770382

Capital Malleability and the Macroeconomic Costs of Climate Policy

Lanzi, Elisa; Wing, Ian Sue - Fondazione ENI Enrico Mattei (FEEM) - 2010

This paper argues for introducing the role of capital malleability into the analysis of environmental policies. The issue is explored by means of a theoretical model, a numerical analysis and a computable general equilibrium (CGE) model. Considering the three approaches together is fundamental...

Persistent link: https://www.econbiz.de/10008489610

Socially Responsible Investment in General Equilibrium

Beltratti, Andrea - Fondazione ENI Enrico Mattei (FEEM) - 2003

Socially responsible investment in analyzed in a general equilibrium context. This is important in order to understand the ultimate consequences of SRI on the decisions of economic agents. Building on models by Brock (1982) and Merton (1987), SRI is modelled as the choice to voluntarily give up...

Persistent link: https://www.econbiz.de/10005423067

Technology Transfers and the Clean Development Mechanism in a North-South General Equilibrium Model

Sahlén, Linda; Aronsson, Thomas; Backlund, Kenneth - Fondazione ENI Enrico Mattei (FEEM) - 2006

This paper analyzes the potential welfare gains of introducing a technology transfer from Annex I to non-Annex I in order to mitigate greenhouse gas emissions. Our analysis is based on a numerical general equilibrium model for a world economy comprising two regions, North (Annex I) and South...

Persistent link: https://www.econbiz.de/10005230825

Applications and Interviews. A Structural Analysis of Two-Sided Simultaneous Search

Wolthoff, Ronald P. - Fondazione ENI Enrico Mattei (FEEM) - 2011

Much of the job search literature assumes bilateral meetings between workers and firms. This ignores the frictions that arise when meetings are actually multilateral. I analyze the magnitude of these frictions by presenting an equilibrium job search model with an endogenous number of contacts....

Persistent link: https://www.econbiz.de/10009421238

Constrained School Choice: An Experimental Study

Haeringer, Guillaume; Calsamiglia, Caterina; Klijn, Flip - Fondazione ENI Enrico Mattei (FEEM) - 2009

. Constraining choices increases segregation and affects the stability and efficiency of the final allocation. Remarkably, the …

Persistent link: https://www.econbiz.de/10005008015