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City Size, Pollution and Emission Policies

Pflüger, Michael - 2020

modelling of pollution and pollution abatement. We derive two key insights. First, if the national government implements a … permit system (equivalently, pollution taxes) that allow for emissions as in the first-best, cities chosen by local …-best emission policy and extensions to city asymmetries, a fiscal externality, local pollution, generalized commuting costs and …

Persistent link: https://www.econbiz.de/10012827112

Reversible Environmental Catastrophes with Disconnected Generations

Heijdra, Ben J. - 2019

We study environmental policy in an economy-ecology model featuring multiple deterministic stable steady-state ecological equilibria. The economy-ecology does not settle in either of the deterministic steady states as the environmental system is hit by random shocks. Individual live for two...

Persistent link: https://www.econbiz.de/10012892273

CEO Compensation : Evidence from the Field

Edmans, Alex; Gosling, Tom; Jenter, Dirk - 2021

We survey directors and investors on the objectives, constraints, and determinants of CEO pay. 67% of directors would sacrifice shareholder value to avoid controversy on CEO pay, implying they face significant constraints other than participation and incentive compatibility. These constraints...

Persistent link: https://www.econbiz.de/10013220138

The Market for CEOs

Cziraki, Peter; Jenter, Dirk - 2021

We study the market for CEOs of large publicly-traded US firms, analyze new CEOs’ prior connections to the hiring firm, and explore how hiring choices are determined. Firms are hiring from a surprisingly small pool of candidates. More than 80% of new CEOs are insiders, defined as current or...

Persistent link: https://www.econbiz.de/10013222199

Green havens and pollution havens

Poelhekke, Steven; van der Ploeg, Rick - 2012

We test for pollution haven effects in outward foreign direct investment (FDI) for different sectors using a … country significantly attracts FDI. What is important for these pollution haven effects is not only regulation but also … enforcement of environmental policy. In contrast to earlier results, it is not only footloose industries that display pollution …

Persistent link: https://www.econbiz.de/10010287196

Nonlinear production, abatement, pollution and materials balance reconsidered

Pethig, Rüdiger - 2005

pollution. …

Persistent link: https://www.econbiz.de/10010261339

Smart Cap

Karp, Larry S.; Träger, Christian - 2021

We introduce a “smart” cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty”). This cap responds endogenously to technology or macroeconomic shocks, relying on the market price of certificates to aggregate information. It allows policy makers to...

Persistent link: https://www.econbiz.de/10012581980

On the Effects of Linking Voluntary Cap-and-Trade Systems for CO2 Emissions

Weitzman, Martin L.; Holtsmark, Bjart J. - 2018

Linkage of cap-and-trade systems is typically advocated by economists on a general analogy with the beneficial linking of free-trade areas and on the specific grounds that linkage will ensure cost effectiveness among the linked jurisdictions. An appropriate and widely accepted specification for...

Persistent link: https://www.econbiz.de/10011931975

Prices versus Quantities Reassessed

Karp, Larry S.; Traeger, Christian P. - 2018

“Prices versus quantities” (Weitzman 1974), a hugely influential paper, is widely cited (and taught) in current debates about the best policy to reduce greenhouse gas emissions. The paper’s criterion for ranking policies suggests that technological uncertainty favors taxes over cap and...

Persistent link: https://www.econbiz.de/10011932081

Vocational vs. General Education and Employment over the Life-Cycle: New Evidence from PIAAC

Hampf, Franziska; Woessmann, Ludger - 2016

It has been argued that vocational education facilitates the school-to-work transition but reduces later adaptability to changing environments. Using the recent international PIAAC data, we confirm such a trade-off over the life-cycle in a difference-in-differences model that compares employment...

Persistent link: https://www.econbiz.de/10011555558

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