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A cap on greenhouse gas emissions makes total emissions a fixed common-property resource. Population increases under a cap are therefore self-limiting: a population increase raises labor and reduces emissions per unit of labor, which lowers incomes and fertility. Because a marginal birth under a...
Persistent link: https://www.econbiz.de/10013094745
In a dynamic, three-region environmental multi-sector general equilibrium model (called EMuSe), we find that carbon pricing generates a recession initially as production costs rise. Benefits from lower emissions damage materialize only in the medium to long run. A border adjustment mechanism...
Persistent link: https://www.econbiz.de/10013259654
Persistent link: https://www.econbiz.de/10012487129
This chapter applies recent research on environmental enforcement to a potential U.S. program to control greenhouse gases, especially through emission trading. Climate policies present the novel problem of integrating emissions reductions that are relatively easy to monitor (such as carbon...
Persistent link: https://www.econbiz.de/10012462535
reduction. The empirical results are based on a panel data estimation using the EU-15 countries data observed from 1995 to 2010 …
Persistent link: https://www.econbiz.de/10010250022
Carbon dioxide emissions are a major force driving climate change. We construct scenarios of CO2 emissions from fossil energy until 2100 in Europe. Major innovations are first that economic growth is based on an endogenous economic growth model and second that we calibrate our model to...
Persistent link: https://www.econbiz.de/10013046062
unilateral climate policies for the U.S. and EU economies. We conclude in these instances that complex optimal emission price …
Persistent link: https://www.econbiz.de/10012462752
Firms sometimes comply with externality-correcting policies by gaming the measure that determines policy. We show theoretically that such gaming can benefit consumers, even when it induces them to make mistakes, because gaming leads to lower prices by reducing costs. We use our insights to...
Persistent link: https://www.econbiz.de/10012455769
We collect extensive data on worldwide trade by transportation mode and use this to provide detailed comparisons of the greenhouse gas emissions associated with output versus international transportation of traded goods. International transport is responsible for 33 percent of world-wide...
Persistent link: https://www.econbiz.de/10012461540
the EU. There is meanwhile a large quantitative literature on the economic effects of full integration of the associated … countries into the EU as well as on the Kyoto Protocol. However, there is a lack of quantitative research on the linkage of … trade and the environment in the context of the EU enlargement. In this paper we analyze the interactions of different …
Persistent link: https://www.econbiz.de/10013428434