Showing 1 - 10 of 105
higher where (1) there exists an energy / CO2 tax, where (2) government expenditures on the environment are higher, where (3 …
Persistent link: https://www.econbiz.de/10010276565
We examine how Green governments influence macroeconomic, education, and environmental outcomes. We exploit that the Fukushima nuclear disaster in Japan gave rise to an unanticipated change in government in the German state Baden-Wuerttemberg in 2011. Using the synthetic control method, we find...
Persistent link: https://www.econbiz.de/10013227483
Discounting has to take account of ecosystem services in consumption and production. Previous literature focuses on the first aspect and shows the importance of the relative price effect, for given growth rates of consumption and ecosystem services. This paper focuses on intermediate ecosystem...
Persistent link: https://www.econbiz.de/10012892067
equilibrium of a small open economy where the environment is an input to production. Differences in the ability of individuals to … role in the determination of collective choices with respect to the regulation of the environment and of trade. We conclude … by drawing out the implications of the analysis for the study of the political economy of the environment …
Persistent link: https://www.econbiz.de/10010264525
jurisdictions, as illustrated for instance by CO2 emissions that affect the global environment. Each jurisdiction's emissions depend …
Persistent link: https://www.econbiz.de/10013316740
This project analyzes how a principal can motivate an agent to conserve rather than exploit a depletable resource. This dynamic problem is relevant for tropical deforestation as well as for other environmental problems. It is shown that the smaller is the agent's discount factor (e.g., because...
Persistent link: https://www.econbiz.de/10014346959
We analyze a model where firms chose a production technology which, together with some random event, determines the final emission level. We consider the coexistence of two alternative technologies: a "clean" technology, and a "dirty" technology. The environmental regulation is based on taxes...
Persistent link: https://www.econbiz.de/10010264107
We analyze the effects of socially responsible investment and public abatement on environmental quality and the economy in a continuous-time dynamic growth model featuring optimizing households and firms. Environmental quality is modelled as a renewable resource. Consumers can invest in...
Persistent link: https://www.econbiz.de/10010264399
We develop a simple model of managing a system subject to pollution damage under risk of an abrupt and random jump in the damage coefficient. The model allows the full dynamic characterization of the optimal emission policies under uncertainty. The results, that imply prudent behavior due to...
Persistent link: https://www.econbiz.de/10010280838
In an integrated dynamic general equilibrium model of the economy and the ecosystem humans and wildlife species compete for land and prey biomass. We introduce a competitive allocation mechanism in both submodels such that economic prices and ecosystem prices guide the allocation in the economy...
Persistent link: https://www.econbiz.de/10010276210