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Total costs and budgetary effects of adaptation to climate change: An assessment for the European Union
Osberghaus, Daniel; Reif, Christiane - 2010
Adaptation to climate change is gaining increasing relevance in the public debate of climate policy. However, detailed and regionalised cost estimates as a basis for cost-benefit-analyses are rare. We compose available cost estimates for adaptation in Europe, and in particular Germany, Finland...
Persistent link: https://www.econbiz.de/10010270648
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Auctions vs. Negotiations: The Effects of Inefficient Renegotiation
Herweg, Fabian; Schmidt, Klaus - 2015
For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms auctions if sellers are likely to have superior information...
Persistent link: https://www.econbiz.de/10010500427
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Does Climate Change Make Foodgrain Yields More Unpredictable? Evidence from India
Verma, Saumya; Gupta, Shreekant; Sen, Partha - 2020
How would climate change affect India's agriculture which accounts for sixty percent of employment? We study the impact … of climate change on the level and variability of yields of rice (India's major food crop) and two key millet crops … (sorghum and pearl millet), using an all India district level panel dataset from 1966-2011. A stochastic production function is …
Persistent link: https://www.econbiz.de/10012207926
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Does Climate Change Make Foodgrain Yields More Unpredictable? Evidence from India
Verma, Saumya - 2020
How would climate change affect India's agriculture which accounts for sixty percent of employment? We study the impact … of climate change on the level and variability of yields of rice (India's major food crop) and two key millet crops … (sorghum and pearl millet), using an all India district level panel dataset from 1966-2011. A stochastic production function is …
Persistent link: https://www.econbiz.de/10012839358
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Should We Give Up After Solyndra? Optimal Technology R&D Portfolios under Uncertainty
Webster, Mort D.; Fisher-Vanden, Karen; Popp, David; … - 2015
Global climate change and other environmental challenges require the development of new energy technologies with lower emissions. In the near-term, R&D investments, either by government or the private sector, can bring down the costs of these lower emission technologies. However, the results of...
Persistent link: https://www.econbiz.de/10011307108
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Closed-Form Integrated Assessment and Uncertainty
Traeger, Christian - 2015
The paper derives the optimal carbon tax in closed-form from an integrated assessment of climate change. The formula shows how carbon, temperature, and economic dynamics quantify the optimal mitigation effort. The model’s descriptive power is comparable to numeric models used in policy...
Persistent link: https://www.econbiz.de/10011307130
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Carbon Tax Burdens on Low-Income Households: A Reason for Delaying Climate Policy?
Parry, Ian - 2015
This paper discusses techniques for measuring the incidence of carbon taxes across different household income groups and provides some cross-country estimates of these effects for selected advanced countries. The general message of this paper is that distributional concerns should not...
Persistent link: https://www.econbiz.de/10011388157
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Modeling Uncertainty in Climate Change: A Multi-Model Comparison
Gillingham, Kenneth; Nordhaus, William; Anthoff, David; … - 2015
The economics of climate change involves a vast array of uncertainties, complicating both the analysis and development of climate policy. This study presents the results of the first comprehensive study of uncertainty in climate change using multiple integrated assessment models. The study looks...
Persistent link: https://www.econbiz.de/10011388200
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Compliance Technology and Self-Enforcing Agreements
Harstad, Bård; Lancia, Francesco; Russo, Alessia - 2015
We analyze a repeated game in which countries are polluting as well as investing in technologies. While folk theorems point out that the first best can be sustained as a subgame-perfect equilibrium when the players are sufficiently patient, we derive the second best equilibrium when they are...
Persistent link: https://www.econbiz.de/10011388236
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Modified Ramsey Discounting for Climate Change
Tol, Richard S. J. - 2015
The Ramsey rule for the consumption rate of discount assumes a transfer of money of a (representative) agent at one point in time to the same agent at another point in time. Climate policy (implicitly) transfers money not just over time but also between agents. I propose three alternative...
Persistent link: https://www.econbiz.de/10011388253