Showing 1 - 10 of 69
This paper constructs a two-sector unified growth model that explains the timing and the inevitability of an industrial revolution through entrepreneurs' role for the accumulation of useful knowledge. While learning-by-doing in agriculture eventually allows the preindustrial economy to leave its...
Persistent link: https://www.econbiz.de/10010956077
A situation is analysed in which two countries negotiate the financing of the incremental costs which accrue if one of them switches from a non-sustainable onto a sustainable development path. The other country's incentive to pay arises as it benefits from the developing country's environmental...
Persistent link: https://www.econbiz.de/10009276335
The labour productivity impact of innovation is investigated in this paper combining neo-Schumpeterian insights on the variety of innovation, with the importance of industrial structures and firm size; two models are proposed for explaining productivity and export success in European...
Persistent link: https://www.econbiz.de/10005755207
policy may even imply an increased resource use. In this case, a large part of the sustainability objective is met by … substituting domestic resource extraction by imports. When sustainability is modelled in an inter temporal, competitive framework …, the paper shows that the sustainability rule will not lead to a slower rate of extraction of the resource. …
Persistent link: https://www.econbiz.de/10009276121
An exhaustible stock of resources may be exploited by N players. An arbitrarily long duration of the game is only possible, if the utility function satisfies certain restrictions at small values R of extraction. We find that stability against unilateral defection occurs if the elasticity of the...
Persistent link: https://www.econbiz.de/10009367357
We investigate the socially optimal anthropogenic intervention into the global carbon cycle. The limiting factor for this intervention is the accumulation of carbon in the atmosphere, which causes global warming. We apply a simplified two-box model to incorporate aspects of the global carbon...
Persistent link: https://www.econbiz.de/10005755280
To date, mineral resources are only mined on land but projected increases in demand have brought the exploration and exploitation of marine mineral resources back into focus. The Atlantis II Deep, located in the central Red Sea between Saudi Arabia and Sudan, is one of the largest marine sulfide...
Persistent link: https://www.econbiz.de/10008863929
I investigate the optimal role of carbon sequestration for mitigation in the presence of a ceiling on atmospheric carbon concentration and consider aspects that have so far only been analyzed in the context of a damage function to measure the consequences of climate change for society. I assume...
Persistent link: https://www.econbiz.de/10009132527
As growing attention is paid to climate change adaptation as an actual policy issue, the significant meaning of climate variability in adaptation decisions is beginning to be recognized. By using a real option framework, we shed light on how climate change and climate variability affect...
Persistent link: https://www.econbiz.de/10010887026
Persistent link: https://www.econbiz.de/10009367377