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Should green governments give priority to environmental policies over growth-enhancing policies?
Economides, George; Philippopoulos, Apostolis - 2005
This paper studies the properties of second-best optimal policy in a standard general equilibrium model of growth augmented with renewable natural resources. The government chooses its policy instruments (the income tax rate and the allocation of collected tax revenues between public investment...
Persistent link: https://www.econbiz.de/10010261160
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Knowing the Damages is not Enough: The General Equilibrium Impacts of Climate Change
Kalkuhl, Matthias; Edenhofer, Ottmar - 2016
We show that economies may exhibit a strong endogenous macroeconomic adaptation response to climate change. If climate change induces a structural change to the more productive sector, economies can benefit from climate change though productivities in both sectors are reduced. If climate change...
Persistent link: https://www.econbiz.de/10011480445
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Prevention and Mitigation of Epidemics: Biodiversity Conservation and Confinement Policies
Augeraud-Véron, Emmanuelle; Fabbri, Giorgio; Schubert, … - 2020
This paper presents a first model integrating the relation between biodiversity loss and zoonose pandemic risks in a general equilibrium dynamic economic set-up. The occurrence of pandemics is modeled as Poissonian leaps in economic variables. The planner can intervene in the economic and...
Persistent link: https://www.econbiz.de/10012269576
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Understanding Climate Damages: Consumption versus Investment
Casey, Gregory P.; Fried, Stephie; Gibson, Matthew - 2021
Existing climate-economy models use aggregate damage functions to model the effects of climate change. This approach assumes climate change has equal impacts on the productivity of firms that produce consumption and investment goods or services. We show the split between damage to consumption...
Persistent link: https://www.econbiz.de/10013177533
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Prevention and Mitigation of Epidemics : Biodiversity Conservation and Confinement Policies
Augeraud-Véron, Emmanuelle - 2020
This paper presents a first model integrating the relation between biodiversity loss and zoonose pandemic risks in a general equilibrium dynamic economic set-up. The occurrence of pandemics is modeled as Poissonian leaps in economic variables. The planner can intervene in the economic and...
Persistent link: https://www.econbiz.de/10012824824
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A Microfoundation of Predator-Prey Dynamics
Eichner, Thomas; Pethig, Rüdiger - 2003
behave as if they maximize their net biomass subject to constraints which express the organisms' risk of being preyed upon … during predation. Like consumers, organisms face a 'budget constraint' requiring their expenditure on prey biomass not to … exceed their revenue from supplying own biomass. Short-run ecosystem equilibria are defined and derived. The net biomass …
Persistent link: https://www.econbiz.de/10010315720
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Airport noise regulation, airline service quality, and social welfare
Brueckner, Jan Keith; Girvin, Raquel - 2006
This paper explores the impact of airport noise regulation on airline service quality and airfares. It also characterizes the socially optimal stringency of noise limits, taking both noise damage and the various costs borne by airlines and their passengers into account. The analysis also...
Persistent link: https://www.econbiz.de/10010271842
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Discounting and welfare analysis over time: choosing the [eta]
Buchholz, Wolfgang; Schumacher, Jan - 2008
Based on the Ramsey equation and an ethically motivated rejection of pure utility time discount, the Stern Review on the Economics of Climate Change concentrates on the use of the elasticity of marginal utility ç in the intergenerational social welfare function. We support this position by...
Persistent link: https://www.econbiz.de/10010264313
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Charging NOx emitters for health damages : an exploratory analysis
Mauzerall, Denise L.; Sultan, Babar; Kim, Namsoug; … - 2005
We present a proof-of-concept analysis of the measurement of the health damage of ozone (O3) produced from nitrogen oxides (NOx = NO + NO2) emitted by individual large point sources in the eastern United States. We use a regional atmospheric model of the eastern United States, the Comprehensive...
Persistent link: https://www.econbiz.de/10010271816
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Stranded Assets in the Transition to a Carbon-Free Economy
van der Ploeg, Rick - 2020
Assets in the fossil fuel industries are at risk of losing market value due to anticipated breakthroughs in renewable technology and governments stepping up climate policies in the light of the Paris commitments to limit global warming to 1.5 or 2 degrees Celsius. Stranded assets arise due to...
Persistent link: https://www.econbiz.de/10012843436