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Optimal management with potential regime shifts
Polasky, Stephen; de Zeeuw, Aart; Wagener, Florian - 2010
We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth model to analyze four cases that involve combinations of stock collapse versus changes in system dynamics, and exogenous versus endogenous probabilities of regime shift. Prior...
Persistent link: https://www.econbiz.de/10010274863
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On the Effects of Mergers on Equilibrium Outcomes in a Common Property Renewable Asset Oligopoly
Benchekroun, Hassan; Gaudet, Gérard - 2014
This paper examines a dynamic game of exploitation of a common pool of some renewable asset by agents that sell the result of their exploitation on an oligopolistic market. A Markov Perfect Nash Equilibrium of the game is used to analyze the effects of a merger of a subset of the agents. We...
Persistent link: https://www.econbiz.de/10010435767
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A Market Mechanism for Sustainable and Efficient Resource Use under Uncertainty
Quaas, Martin F.; Winkler, Ralph - 2017
Sustainability and efficiency are potentially conflicting social objectives in natural resource management. We propose a market mechanism to allocate use rights over a stochastic resource to private managers. The mechanism endogenously determines the maximal tenure length guaranteeing that the...
Persistent link: https://www.econbiz.de/10011698691
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Saddles, Indeterminacy and Bifurcations in an Overlapping Generations Economy with a Renewable Resource
Koskela, Erkki; Ollikainen, Markku; Puhakka, Mikko - 2000
We incorporate a renewable resource into an overlapping generations model with standard, well-behaved utility and constant returns to scale production functions. Besides being a factor of production the resource serves as a store of value. We characterize dynamics, efficiency and stability of...
Persistent link: https://www.econbiz.de/10010314861
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Language as a Renewable Resource : Import, Dissipation, and Absorption of Innovations
Wickström, Bengt-Arne - 2021
The structural stability of different languages subject to the import of external elements is analyzed. We focus on the temporal side of the different processes interacting to produce a change in the structure of the language. That is, the rate of import and dissipation of new elements is seen...
Persistent link: https://www.econbiz.de/10013315865
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Forging a Global Environmental Agreement through Trade Sanctions on Free Riders?
Eichner, Thomas; Pethig, Rüdiger - 2015
international trade and two groups of countries that differ with respect to fuel demand and environmental damage. It investigates …
Persistent link: https://www.econbiz.de/10011307070
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Growth and Trade with Frictions: A Structural Estimation Framework
Anderson, James E.; Larch, Mario; Yotov, Yoto V. - 2015
We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
Persistent link: https://www.econbiz.de/10011307111
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Market Size and TFP in New New Trade Theory
Felbermayr, Gabriel J.; Jung, Benjamin - 2015
Recent trade theory in the Krugman (1980) tradition predicts that countries with larger market size enjoy higher levels … spending on inputs is affected by trade costs. However, in cross-country data, there is no such positive correlation between … is implicitly assumed in the usual formulation of aggregate CES production functions. Whether trade liberalization …
Persistent link: https://www.econbiz.de/10011388257
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Trade Tariffs and Self-Enforcing Environmental Agreements
Eichner, Thomas; Pethig, Rüdiger - 2013
international trade, self-enforcing - or stable - IEAs may comprise up to 60% of all countries (Eichner and Pethig 2013). But these … coalitions are Stackelberg leaders and set tariffs in addition to their cap-and-trade schemes. Surprisingly, these smaller IEAs …
Persistent link: https://www.econbiz.de/10010328713
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Exporting and Labor Demand: Micro-level Evidence from Germany
Lichter, Andreas; Peichl, Andreas; Siegloch, Sebastian - 2014
It is widely believed that globalization affects the extent of employment and wage responses to economic shocks. To provide evidence for this, we analyze the effect of firms' exporting behavior on the elasticity of labor demand. Using rich, German administrative linked employer-employee panel...
Persistent link: https://www.econbiz.de/10010333393