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Optimal emission-extraction policy in a world of scarcity and irreversibility

Prieur, Fabien; Tidball, Mabel; Withagen, Cees - 2011

This paper extends the classical exhaustible-resource/stock-pollution model with the irreversibility of pollution decay …. Within this framework, we answer the question how the potential irreversibility of pollution affects the extraction path. We … example. To sum up, for any pollution level, we can identify a critical resource stock such that there exist multiple optima i …

Persistent link: https://www.econbiz.de/10009230860

Optimal Emission-Extraction Policy in a World of Scarcity and Irreversibility

Prieur, Fabien; Tidball, Mabel; Withagen, Cees - 2021

Persistent link: https://www.econbiz.de/10013315993

Political stability and fiscal policy : time series evidence for the Swiss federal level since 1849

Feld, Lars P.; Schaltegger, Christoph A. - 2009

This paper explores the role of political stability on fiscal policy choices in a time-series analysis over 158 years on the Swiss federal level. We argue that the fiscal-commons problem of public finances is affected by the time-horizon of a finance minister. Arguably, the incentives for an...

Persistent link: https://www.econbiz.de/10003854439

The Hartwick rule : myths and facts

Asheim, Geir B.; Buchholz, Wolfgang; Withagen, Cees - In: Justifying, characterizing and indicating sustainability, (pp. 125-145). 2007

Persistent link: https://www.econbiz.de/10003532383

Characterizing sustainability : the converse of Hartwick's rule

Withagen, Cees; Asheim, Geir B. - In: Justifying, characterizing and indicating sustainability, (pp. 171-177). 2007

Persistent link: https://www.econbiz.de/10003532391

On the sustainable program in Solow's model

Withagen, Cees; Asheim, Geir B.; Buchholz, Wolfgang - In: Justifying, characterizing and indicating sustainability, (pp. 179-189). 2007

Persistent link: https://www.econbiz.de/10003532393

Characterizing the sustainability problem in an exhaustible resource model

Mitra, Tapan; Asheim, Geir B.; Buchholz, Wolfgang; … - 2012

The Dasgupta-Heal-Solow-Stiglitz model of capital accumulation and resource depletion poses the following sustainability problem: is it feasible to sustain indefinitely a level of consumption that is bounded away from zero? We provide a complete technological characterization of the...

Persistent link: https://www.econbiz.de/10009511761

Sustainability of German fiscal policy and public debt : historical and time series evidence for the period 1850-2010

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2013

In the last decades, the majority of OECD countries has experienced a continuous increase in public debt. The European debt crisis has prompted a fundamental re-evaluation of public debt sustainability and the looming threat of sovereign debt default. Due to a multitude of large scale events in...

Persistent link: https://www.econbiz.de/10009709423

Panel cointegration tests on the fiscal sustainability of German Laender

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2014

This paper provides new evidence on the sustainability of public finances in German states (Laender) by exploiting a newly compiled database covering the years 1950 - 2011. Unlike previous studies on Germany, we analyze fiscal sustainability by applying "gsecond generation" panel cointegration...

Persistent link: https://www.econbiz.de/10010388585

Fiscal sustainability of the German Laender : time series evidence

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2014

In this paper we analyze the sustainability of public finances in the states (Laender) of the Federal Republic of Germany using an unprecedentedly comprehensive fiscal dataset for the time period from 1950 to 2011 for West German Laender and 1991 to 2011 for East German Laender, respectively. In...

Persistent link: https://www.econbiz.de/10010388609