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Martin, William; Rowthorn, Robert - CESifo - 2004

the last decade. Using stylised models of the economies of the US, Euro area, UK and Japan, we argue that economic …

Persistent link: https://www.econbiz.de/10005766258

The UK's Privatisation Experiment: The Passage of Time Permits a Sober Assessment

Parker, David - CESifo - 2004

This chapter looks at the UK’s privatisation experiment, which began from the late 1970s. It considers the background … to the UK’s privatisations, which industries were privatised and how, and summarises the results of studies of … performance changes in privatised companies in the UK. It looks at the relative roles of competition, regulation and ownership …

Persistent link: https://www.econbiz.de/10005405848

Global Warming and Extreme Events : Rethinking the Timing and Intensity of Environmental Policy

Chen, Yu-Fu - 2010

The possibility of low-probability extreme events has reignited the debate over the optimal intensity and timing of climate policy. In this paper we therefore contribute to the literature by assessing the implications of low-probability extreme events on environmental policy in a continuous-time...

Persistent link: https://www.econbiz.de/10013139799

On the Underestimation of the Precautionary Effect in Discounting

Gollier, Christian - 2011

Using the extended Ramsey rule, the socially efficient rate is the difference between a wealth effect and a precautionary effect of economic growth. This second effect is increasing in the degree of uncertainty affecting the future. In the literature, it is usually calibrated by estimating the...

Persistent link: https://www.econbiz.de/10013121828

Coordinating Climate and Trade Policies : Pareto Efficiency and the Role of Border Tax Adjustments

Keen, Michael - 2011

This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether border tax adjustment (BTA) is warranted when carbon prices differ internationally. It shows that tariff policy has a role in easing cross-country distributional...

Persistent link: https://www.econbiz.de/10013123211

The Role of Economic Policy in Climate Change Adaptation

Konrad, Kai A. - 2012

This paper assesses the role of the public sector in adaptation to climate change. We first offer a definition and categorisation of climate change adaptation. We then consider the primary economic principles that can guide the assignment of adaptation tasks to either the private or the public...

Persistent link: https://www.econbiz.de/10013099237

Dark Clouds or Silver Linings? Knightian Uncertainty and Climate Change

Chen, Yu-Fu - 2013

This paper examines the impact of Knightian uncertainty upon optimal climate policy through the prism of a continuous-time real option modelling framework. We analytically determine optimal intertemporal climate policies under ambiguity. Additionally, numerical simulations are provided to...

Persistent link: https://www.econbiz.de/10013092649

Climate Effects of Carbon Taxes, Taking into Account Possible Other Future Climate Measures

Habermacher, Florian - 2013

The increase of fuel extraction costs as well as of temperature will make it likely that in the medium-term future technological or political measures against global warming may be implemented. In assessments of a current climate policy the possibility of medium-term future developments like...

Persistent link: https://www.econbiz.de/10013093629

Global Climate Change and the Resurgence of Tropical Disease : An Economic Approach

Gollin, Douglas - 2014

We study the impact of global climate change on the prevalence of tropical diseases using a heterogeneous agent dynamic general equilibrium model. In our framework, households can take actions (e.g., purchasing bednets or other goods) that provide partial protection from disease. However, these...

Persistent link: https://www.econbiz.de/10013069615

Pareto Improving Climate Policies : Distributing the Benefits Across Generations and Regions

Hoel, Michael - 2015

Most studies show that the present generation has to take the burden and reduce consumption to mitigate future climate change. However, significant climate change is due to a market failure, and corrections of market failures give possibilities of Pareto improvements. In this paper, we study the...

Persistent link: https://www.econbiz.de/10013015000

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