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Breakthrough renewables and the green paradox

van der Ploeg, Rick - 2012

We show how a monopolistic owner of oil reserves responds to a carbon-free substitute becoming available at some uncertain point in the future if demand is isoelastic and variable extraction costs are zero but upfront exploration investment costs have to be made. Not the arrival of this...

Persistent link: https://www.econbiz.de/10010289634

Bush meets hotelling: effects of improved renewable energy technology on greenhouse gas emissions

Hoel, Michael - 2008

Fossil fuels are non-renewable carbon resources, and the extraction path of these resources depends both on present and future demand. When this Hotelling feature is taken into consideration, the whole price path of carbon fuel will shift downwards as a response to the reduced cost of the...

Persistent link: https://www.econbiz.de/10010264513

Is there a green paradox?

Hoel, Michael - 2010

A sufficiently rapidly rising carbon tax may increase near-term emissions compared with the case of no carbon tax. Even so, such a carbon tax path may reduce total costs related to climate change, since the tax may reduce total carbon extraction. A government cannot commit to a specific carbon...

Persistent link: https://www.econbiz.de/10010274935

Climate effects of carbon taxes, taking into account possible other future climate measures

Habermacher, Florian; Kirchgässner, Gebhard - 2011

The increase of fuel extraction costs as well as of temperature will make it likely that in the medium-term future technological or political measures against global warming may be implemented. In assessments of a current climate policy the possibility of medium-term future developments like...

Persistent link: https://www.econbiz.de/10010275013

Pushing One's Luck : Petroleum Ownership and Discoveries

Brunnschweiler, Christa; Poelhekke, Steven - 2021

We present a new dataset that tracks changes in legal ownership regimes in the petroleum sector between 1867 and 2008 for a panel of countries. We document that foreign ownership has been taken over by partnerships as the leading ownership regime, while domestic ownership is on the rise again in...

Persistent link: https://www.econbiz.de/10013219065

Oil Wealth and Property Rights

Soysa, Indra - 2020

We empirically examine the impact of oil wealth on property rights protection for a sample of 156 countries between 1960 and 2014. We find that higher levels of oil wealth result in weaker private property rights. This result is robust to different instrumental-variable approaches and...

Persistent link: https://www.econbiz.de/10012832191

On the Heterogeneous Trade and Welfare Effects of GATT/WTO Membership

Felbermayr, Gabriel - 2020

equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 … countries over the period 1980-2016, we find that the average impact of GATT/WTO membership on trade among member counties is …

Persistent link: https://www.econbiz.de/10012822504

Pricing Group Membership

Bandyopadhyay, Siddhartha - 2020

We consider a model where agents differ in their ‘types' which determines their voluntary contribution towards a public good. We analyze what the equilibrium composition of groups are under centralized and centralized choice. We show that there exists a top-down sorting equilibrium i.e. an...

Persistent link: https://www.econbiz.de/10012824828

Job Satisfaction and Trade Union Membership in Germany

Goerke, Laszlo; Huang, Yue - 2022

union membership and job satisfaction in Germany. Cross-sectional analyses reveal a negative correlation, while fixed … of union membership, we generate information on the union density individuals faced in their industry and region. This … time-variant IV suggests no causal impact of individual union membership on job satisfaction. Finally, using different …

Persistent link: https://www.econbiz.de/10014079146

A third benefit of joint non-OPEC carbon taxes : transferring OPEC monopoly rent

Dong, Yan; Whalley, John - 2009

This paper highlights the potential for joint OECD (or non-OPEC) carbon taxes to reduce OPEC's monopoly rent and provide benefit to non-OPEC countries provided jointly agreed trigger strategies are adhered to. In traditional economic theory, the primary purpose of a carbon tax is to internalize...

Persistent link: https://www.econbiz.de/10010277192