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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 maximizes a weighted sum of discounted utility (positive) and the probability that a catastrophe will occur at any point in the future (negative). The model generates time-...

Persistent link: https://www.econbiz.de/10010671482

Uranium and Nuclear Power: The Role of Exploration Information in Framing Public Policy

Mason, Charles F. - Fondazione ENI Enrico Mattei (FEEM) - 2013

between the private and social values of exploration information. …

Persistent link: https://www.econbiz.de/10010633227

The Evolution of Core Stability in Decentralized Matching Markets

Nax, Heinrich H.; Pradelski, Bary S. R.; Young, H. Peyton - Fondazione ENI Enrico Mattei (FEEM) - 2013

cost. Very little information is available to market participants and trade takes place at many different prices …

Persistent link: https://www.econbiz.de/10010665513

The Circulation of Ideas in Firms and Markets

Hellman, Thomas; Perotti, Enrico - Fondazione ENI Enrico Mattei (FEEM) - 2010

them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to …

Persistent link: https://www.econbiz.de/10008467316

Marginal Abatement Cost Curves in General Equilibrium: The Influence of World Energy Prices

Klepper, Gernot; Peterson, Sonja - Fondazione ENI Enrico Mattei (FEEM) - 2004

Marginal abatement cost curves (MACCs) are one of the favorite instruments to analyze the impacts of the implementation of the Kyoto Protocol and emissions trading. As shown in this paper one important factor that influences MACCs are energy prices. This leads to the question of how to define...

Persistent link: https://www.econbiz.de/10005423054

Climate Change: National and Local Policy Opportunities in China

Teng, Fei; Gu, Alun - Fondazione ENI Enrico Mattei (FEEM) - 2007

Climate Change poses a wide range of potentially very severe threats in China. This aggravates the existing vulnerability of China and is one of the big challenges faced by the Chinese government. Adaptation programmes and projects are being developed and implemented at national and local level....

Persistent link: https://www.econbiz.de/10005423063

Economic and Poverty Impacts of a Voluntary Carbon Reduction for a Small Liberalized Developing Economy: The Case of the Philippines

Corong, Erwin L. - Fondazione ENI Enrico Mattei (FEEM) - 2007

This paper analyzes the economic and poverty effects of a voluntary carbon emission reduction for a small liberalized economy—the Philippines. The simulation results indicate that tariff reductions undertaken by the Philippine government between 1994 and 2005 reduced the cost of fossil fuels...

Persistent link: https://www.econbiz.de/10005423069

Uncertain R&D, Backstop Technology and GHGs Stabilization

Bosetti, Valentina; Tavoni, Massimo - Fondazione ENI Enrico Mattei (FEEM) - 2007

This paper analyses optimal investments in innovation when dealing with a stringent climate target and with the uncertain effectiveness of R&D. The innovation needed to achieve the deep cut in emissions is modelled by a backstop carbon-free technology whose cost depends on R&D investments. To...

Persistent link: https://www.econbiz.de/10005423131

The Impact of Climate Change on Domestic and International Tourism: A Simulation Study

Bigano, Andrea; Hamilton, Jacqueline M.; Tol, Richard S.J. - Fondazione ENI Enrico Mattei (FEEM) - 2006

We use an updated and extended version of the Hamburg Tourism Model to simulate the effect of development and climate change on tourism. Model extensions are the explicit modelling of domestic tourism and the inclusion of tourist expenditures. We also use the model to examine the impact of sea...

Persistent link: https://www.econbiz.de/10005423142

Using Expert Judgment to Assess Adaptive Capacity to Climate Change: Evidence From a Conjoint Choice Survey

Alberini, Anna; Chiabai, Aline; Muehlenbachs, Lucija - Fondazione ENI Enrico Mattei (FEEM) - 2005

health care system, and access to information. Probit models indicate that our respondents regard per capita income …, inequality in the distribution of income, universal health care coverage, and high access to information as important … determinants of adaptive capacity. A universal-coverage health care system and a high level of access to information are judged to …

Persistent link: https://www.econbiz.de/10005423162