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Discounting in the Presence of Scarce Ecosystem Services
Zhu, Xueqin - 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/10012892067
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Macroeconomics and the Environment : A Selective Survey
Sen, Partha - 2020
between nations. Production of output necessarily involves pollution and degrading the environment. Therefore, environmental …? National income accounts do not take into account non-market activities. Some progress has been made in the theory and …
Persistent link: https://www.econbiz.de/10012839360
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Testing the Dismal Theorem
Anthoff, David; Tol, Richard S.J - 2021
Weitzman's Dismal Theorem has that the expected net present value of a stock problem with a stochastic growth rate with unknown variance is unbounded. Cost-benefit analysis can therefore not be applied to greenhouse gas emission control. We use the Generalized Central Limit Theorem to show that...
Persistent link: https://www.econbiz.de/10013239336
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Think Locally, Act Locally : Spillovers, Spillbacks, and Efficient Decentralized Policymaking
Ogawa, Hikaru; Wildasin, David E. - 2021
jurisdictions, as illustrated for instance by CO2 emissions that affect the global environment. Each jurisdiction's emissions depend …
Persistent link: https://www.econbiz.de/10013316740
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The environmental and macroeconomic effects of socially responsible investment
Dam, Lammertjan; Heijdra, Ben J. - 2008
We analyze the effects of socially responsible investment and public abatement on environmental quality and the economy in a continuous-time dynamic growth model featuring optimizing households and firms. Environmental quality is modelled as a renewable resource. Consumers can invest in...
Persistent link: https://www.econbiz.de/10010264399
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Environmental Economics : The 50th Anniversary of the Birth of this Field around the First Earth Day
Fullerton, Don - 2020
How was the birth of "Environmental Economics" related to the first Earth Day fifty years ago (April 22, 1970)? This short note introduces some ideas about an amazing burst of intellectual activity from 1968 to 1974. Environmental economics was not a field of economics before this brief period,...
Persistent link: https://www.econbiz.de/10012841931
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Climate Change Mitigation : How Effective is Green Quantitative Easing?
Abiry, Raphael; Ferdinandusse, Marien; Ludwig, Alexander; … - 2022
We develop a two sector incomplete markets integrated assessment model to analyse the effectiveness of green quantitative easing (QE) in complementing fiscal policies for climate change mitigation. We model green QE through an outstanding stock of private assets held by a monetary authority and...
Persistent link: https://www.econbiz.de/10014081044
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The demands for environmental regulation and for trade in the presence of private mitigation
Hotte, Louis; Winer, Stanley L. - 2008
equilibrium of a small open economy where the environment is an input to production. Differences in the ability of individuals to … role in the determination of collective choices with respect to the regulation of the environment and of trade. We conclude … by drawing out the implications of the analysis for the study of the political economy of the environment …
Persistent link: https://www.econbiz.de/10010264525
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Satisfaction with democracy and the environment in Western Europe : a panel analysis
Wagner, Alexander F.; Schneider, Friedrich G. - 2006
higher where (1) there exists an energy / CO2 tax, where (2) government expenditures on the environment are higher, where (3 …
Persistent link: https://www.econbiz.de/10010276565
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Conservation by Lending
Harstad, Bård; Storesletten, Kjetil - 2023
This project analyzes how a principal can motivate an agent to conserve rather than exploit a depletable resource. This dynamic problem is relevant for tropical deforestation as well as for other environmental problems. It is shown that the smaller is the agent's discount factor (e.g., because...
Persistent link: https://www.econbiz.de/10014346959