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Discounting in the Presence of Scarce Ecosystem Services
Zhu, Xueqin; Smulders, Sjak; de Zeeuw, Aart - 2019
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/10012018205
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Investment Policy for Time-Inconsistent Discounters
Harstad, Bård - 2013
the current principal prefers her future self to save more, she can increase current investments complementary to future … savings and decrease investments in the strategic substitutes, for example. To characterize the principal's choices they are … benefits from subsidizing investments in green capital (complementary to future savings) and tax investments in substitute …
Persistent link: https://www.econbiz.de/10010328803
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Price-dependent profit sharing as an escape from the Bertrand paradox
Foros, Øystein; Hagen, Kåre P.; Kind, Hans Jarle - 2007
firms undertake investments which benefit the industry in aggregate. The model is consistent with observations from the …
Persistent link: https://www.econbiz.de/10010264075
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Optimal energy investment and R&D strategies to stabilise Greenhouse Gas atmospheric concentrations
Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele; … - 2007
The stabilisation of GHG atmospheric concentrations at levels expected to prevent dangerous climate change has become an important, global, long-term objective. It is therefore crucial to identify a cost-effective way to achieve this objective. In this paper we use WITCH, a hybrid...
Persistent link: https://www.econbiz.de/10010264276
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Vertical Integration in Tradable Green Certificate Markets
Coria, Jessica; Jaraitė, Jūratė - 2024
This study examines how the impact of Tradable Green Certificates (TGC) on profitability and investment behavior varies depending on the vertical integration status of regulated firms. Our theoretical model predicts that vertical integration does not lead to higher profits when internal pricing...
Persistent link: https://www.econbiz.de/10014534283
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Identity and Economic Incentives
Donkor, Kwabena; Goette, Lorenz; Müller, Maximilian W.; … - 2023
This paper examines how beliefs and preferences drive identity-conforming consumption or investments. We introduce a …
Persistent link: https://www.econbiz.de/10014469666
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Estimating Fluctuations in Oil and Gas Investment
Dahl, Roy Endré; Osmundsen, Petter - 2014
Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...
Persistent link: https://www.econbiz.de/10010420694
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Exit Dynamics of Start-up Firms: Does Profit Matter?
Golombek, Rolf; Raknerud, Arvid - 2015
We estimate by means of indirect inference a structural economic model where firms' exit and investment decisions are the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the current capital stock and a measure of short-run...
Persistent link: https://www.econbiz.de/10010480899
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Evaluating Market Consolidation in Mobile Communications
Genakos, Christos; Valletti, Tommaso M.; Verboven, Frank - 2017
We study the dual relationship between market structure and prices and between market structure and investment in mobile telecommunications. Using a uniquely constructed panel of mobile operators’ prices and accounting information across 33 OECD countries between 2002 and 2014, we document...
Persistent link: https://www.econbiz.de/10011698676
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The Historical Roots of Corruption and Economic Development in Italy
Petrarca, Ilaria; Ricciuti, Roberto - 2013
We claim that a sequential mechanism linking history to development exists: first, history defines the quality of social capital; then, social capital determines the level of corruption; finally, corruption affects economic performance. We test this hypothesis on a dataset of Italian provinces,...
Persistent link: https://www.econbiz.de/10010293919