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Redistribution Effects of Energy and Climate Policy: The Electricity Market

Hirth, Lion; Ueckerdt, Falko - Fondazione ENI Enrico Mattei (FEEM) - 2012

Energy and climate policies are usually seen as measures to internalize externalities. However, as a side effect, these policies redistribute wealth between consumers and producers, and within these groups. While redistribution is seldom the focus of the academic literature in energy economics,...

Persistent link: https://www.econbiz.de/10010603764

The Optimal Share of Variable Renewables. How the Variability of Wind and Solar Power Affects their Welfare-optimal Deployment

Hirth, Lion - Fondazione ENI Enrico Mattei (FEEM) - 2013

This paper estimates the welfare-optimal market share of wind and solar power, explicitly taking into account their output variability. We present a theoretical valuation framework that consistently accounts for output variability over time, forecast errors, and the location of generators in the...

Persistent link: https://www.econbiz.de/10010833938

Optimal Equilibria of the Best Shot Game

Pin, Paolo; Dall'Asta, Luca; Ramezanpour, Abolfazl - Fondazione ENI Enrico Mattei (FEEM) - 2009

We consider any network environment in which the “best shot game” is played. This is the case where the possible actions are only two for every node (0 and 1), and the best response for a node is 1 if and only if all her neighbors play 0. A natural application of the model is one in which...

Persistent link: https://www.econbiz.de/10005008037

A Stochastic Multiple Players Multi-Issues Bargaining Model for the Piave River Basin

Sgobbi, Alessandra; Carraro, Carlo - Fondazione ENI Enrico Mattei (FEEM) - 2007

The objective of this paper is to investigate the usefulness of non-cooperative bargaining theory for the analysis of … multilateral, multiple issues, non-cooperative bargaining model of water allocation in the Piave River Basin, in the North East of … problem and conduct comparative static analyses to assess sources of bargaining power. Finally, we explore the implications of …

Persistent link: https://www.econbiz.de/10005423099

Modelling Negotiated Decision Making: a Multilateral, Multiple Issues, Non-Cooperative Bargaining Model with Uncertainty

Sgobbi, Alessandra; Carraro, Carlo - Fondazione ENI Enrico Mattei (FEEM) - 2007

The relevance of bargaining to everyday life can easily be ascertained, yet the study of any bargaining process is … on some dimensions of the bargaining process – asymmetries and uncertainties in particular – by using a non … most economic situations, uncertainty crucially affects also bargaining processes. Therefore, in our analysis, we introduce …

Persistent link: https://www.econbiz.de/10005423226

An Evaluation of Overseas Oil Investment Projects under Uncertainty Using a Real Options Based Simulation Model

Zhu, Lei; Zhang, ZhongXiang; Fan, Ying - Fondazione ENI Enrico Mattei (FEEM) - 2011

This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte Carlo simulation and is solved by the Least Squares Monte-Carlo method. To better reflect the reality of overseas oil investment, our model has incorporated not only the...

Persistent link: https://www.econbiz.de/10009421246

Geoengineering and Abatement: A “flat” Relationship under Uncertainty

Emmerling, Johannes; Tavoni, Massimo - Fondazione ENI Enrico Mattei (FEEM) - 2013

The potential of geoengineering as an alternative or complementary option to mitigation and adaptation has received increased interest in recent years. The scientific assessment of geoengineering is driven to a large extent by assumptions about its effectiveness, costs, and impacts, all of which...

Persistent link: https://www.econbiz.de/10010904907

ETS and Technological Innovation: A Random Matching Model

Antoci, Angelo; Borghesi, Simone; Sodini, Mauro - Fondazione ENI Enrico Mattei (FEEM) - 2012

The present paper investigates the functioning of an Emission Trading System (ETS) and its impact on the diffusion of environmental-friendly technological innovation in the presence of firms’ strategic behaviours and sanctions to non-compliant firms. For this purpose, we study an evolutionary...

Persistent link: https://www.econbiz.de/10010904915

An Integrated Assessment Framework for Water Resources Management: A DSS Tool and a Pilot Study Application

Fassio, Anita; Giupponi, Carlo; Mysiak, Jaroslaw - Fondazione ENI Enrico Mattei (FEEM) - 2004

Decision making for the management of water resources is a complex and difficult task. This is due to the complex socio-economic system that involves a large number of interest groups pursuing multiple and conflicting objectives, within an often intricate legislative framework. Several Decision...

Persistent link: https://www.econbiz.de/10005570278

An Integrated Multi-Criteria System to Assess Sustainable Energy Options: An Application of the Promethee Method

Cavallaro, Fausto - Fondazione ENI Enrico Mattei (FEEM) - 2005

The planning and appraisal of sustainable energy projects involve rather complex tasks. This is due to the fact that the decision making process is the closing link in the process of analysing and handling different types of information: environmental, technical economic and social. Such...

Persistent link: https://www.econbiz.de/10005570285