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“The Voracity Effect” and Climate Change: The Impact of Clean Technologies
Benchekroun, Hassan; Chaudhuri, Amrita Ray - Fondazione ENI Enrico Mattei (FEEM) - 2011
We show that a technological breakthrough that reduces CO2 emissions per output can exacerbate the climate change problem: countries may respond by raising their emissions resulting in an increase of the stock of pollution that may reduce welfare. Using parameter values based on empirical...
Persistent link: https://www.econbiz.de/10008828404
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On the Optimal Taxation of Common-Pool Resources
Kossioris, Georgios; Plexousakis, Michael; Xepapadeas, … - Fondazione ENI Enrico Mattei (FEEM) - 2010
Recent research developments in common-pool resource models emphasize the importance of links with ecological systems and the presence of non-linearities, thresholds and multiple steady states. In a recent paper Kossioris et al. (2008) develop a methodology for deriving feedback Nash equilibria...
Persistent link: https://www.econbiz.de/10008642152
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On Capturing Oil Rents with a National Excise Tax Revisited
Rubio, Santiago J. - Fondazione ENI Enrico Mattei (FEEM) - 2004
In this paper the scope of Bergstrom’s (1982) results is studied. Moreover, his analysis is extended assuming that extraction cost is directly related to accumulated extractions. For the case of a competitive market it is found that the optimal policy is a constant tariff if extraction is...
Persistent link: https://www.econbiz.de/10005423123
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Consumption and Precautionary Saving: An Empirical Analysis under Both Financial and Environmental Risks
Baiardi, Donatella; Manera, Matteo; Menegatti, Mario - Fondazione ENI Enrico Mattei (FEEM) - 2011
This paper studies the empirical relationship between consumption and saving under two different sources of uncertainty …: financial risk and environmental risk. The analysis is carried out using time series data for six advanced economies in the … period 1965-2007. The results support the theoretical conclusions that both financial risk alone and the interaction between …
Persistent link: https://www.econbiz.de/10009320989
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A Simple Formula for the Social Cost of Carbon
Bijgaart, Inge van den; Gerlagh, Reyer; Korsten, Luuk; … - Fondazione ENI Enrico Mattei (FEEM) - 2013
The social cost of carbon (SCC), commonly referred to as the carbon price, is the monetized damage from emitting one unit of CO2 to the atmosphere. The SCC is typically obtained from large-scale computational Integrated Assessment Models (IAMs) that consolidate interdisciplinary climate research...
Persistent link: https://www.econbiz.de/10010833902
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Climate Change and Individual Decision Making: An Examination of Knowledge, Risk Perception, Self-interest and Their Interplay
Pongiglione, Francesca - Fondazione ENI Enrico Mattei (FEEM) - 2011
) knowledge, in the form of basic scientific understanding and procedural knowledge, (b) risk perception, as it relates to an … behavioral change. The same can be noticed even when knowledge is joined by risk-perception: deep psychological mechanisms may …
Persistent link: https://www.econbiz.de/10009320999
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Pollution Control: When, and How, to be Precautious
Athanassoglou, Stergios; Xepapadeas, Anastasios - Fondazione ENI Enrico Mattei (FEEM) - 2011
uncertainty, society must take robust preventive action to guard against worst-case outcomes. It follows that the higher the … degree of uncertainty, the more aggressive this preventive action should be. This normative maxim is explored in the case of … a stylized dynamic model of pollution control under Knightian uncertainty. At time 0 a decision-maker makes a one …
Persistent link: https://www.econbiz.de/10009002697
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Environmental Catastrophes under Time-Inconsistent Preferences
Michielsen, Thomas - Fondazione ENI Enrico Mattei (FEEM) - 2013
I analyze optimal natural resource use in an intergenerational model with the risk of a catastrophe. Each generation …
Persistent link: https://www.econbiz.de/10010671482
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Estimating the Value of Travel Time to Recreational Sites Using Revealed Preferences
Fezzi, Carlo; Bateman, Ian J. - Fondazione ENI Enrico Mattei (FEEM) - 2013
The opportunity Value of Travel Time (VTT) is one of the most important parts of the total cost of day-long recreational activities and arguably the most difficult to estimate. While numerous studies have criticized the use of salaries to proxy the relevant shadow values, a consensus on an...
Persistent link: https://www.econbiz.de/10010678659
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The Impact of Protest Responses in Choice Experiments
Barrio, Melina; Loureiro, Maria - Fondazione ENI Enrico Mattei (FEEM) - 2010
Not much attention has been given to protest responses in choice experiments (CE). Using follow-up statements, we are able to identify protest responses and compute welfare estimates with and without the inclusion of such protest responses. We conclude that protest responses are fairly common in...
Persistent link: https://www.econbiz.de/10008674331