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Merchants of Doubt : Corporate Political Influence When Expert Credibility is Uncertain
Chiroleu-Assouline, Mireille - 2016
A key role of science-based non-governmental organizations (NGOs) is to communicate scientific knowledge to policymakers. However, recent evidence has emerged showing that industry-backed groups often attempt to undermine the credibility of such NGOs and weaken their ability to influence policy....
Persistent link: https://www.econbiz.de/10012977549
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International Environmental Agreements with Uncertainty, Learning and Risk Aversion
Finus, Michael - 2014
role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk … aversion on IEA formation under no learning. Combining learning and risk aversion seems appropriate as the uncertainties …
Persistent link: https://www.econbiz.de/10013059058
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Optimal Conservatism and Collective Monetary Policymaking Under Uncertainty
Hefeker, Carsten - 2014
We study how the optimal degree of conservatism relates to decision-making procedures in a Monetary Policy Committee (MPC). In our framework, central bank conservatism is required to attenuate the volatility of monetary decisions generated by the presence of uncertainty about the committee...
Persistent link: https://www.econbiz.de/10013047346
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Uncertainty and Fiscal Policy in an Asymmetric Monetary Union
Hefeker, Carsten - 2013
The paper examines the monetary-fiscal interactions in a monetary union model with uncertainty due to imperfect central bank transparency. We first show that monetary uncertainty disciplines fiscal policymakers and thereby reduces taxes, average inflation and output distortions. However, as more...
Persistent link: https://www.econbiz.de/10012753473
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Does Capital Tax Uncertainty Delay Irreversible Risky Investment?
Niemann, Rainer; Sureth-Sloane, Caren - 2021
risk neutral investors are sensitive with respect to capital tax risk and may react in a surprising manner to a newly …, high capital tax risk delays high-risk innovative investment projects. To reduce unintended consequences of uncertain tax …
Persistent link: https://www.econbiz.de/10013315489
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Psychologically-Based Voting with Uncertainty
Degan, Arianna; Li, Ming - 2021
We analyze a psychologically-based model of voter turnout in an election with common value and uncertainty. Our model yields distinctive comparative statics results. First, an increase in the proportion of informed citizens may cause the winning margin for the right candidate to either rise or...
Persistent link: https://www.econbiz.de/10013315570
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What is the Best Environmental Policy? Taxes, Permits and Rules under Economic and Environmental Uncertainty
Angelopoulos, Konstantinos; Economides, George; … - 2021
We study the importance of uncertainty and public finance to the welfare ranking of three environmental policy instruments: pollution taxes, pollution permits and Kyoto-like numerical rules for emissions. The setup is the basic stochastic neoclassical growth model augmented with the assumptions...
Persistent link: https://www.econbiz.de/10013316232
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Climate Policies Under Climate Model Uncertainty : Max-Min and Min-Max Regret
Rezai, Armon - 2017
Temperature responses and optimal climate policies depend crucially on the choice of a particular climate model. To illustrate, the temperature responses to given emission reduction paths implied by the climate modules of the well-known integrated assessments models DICE, FUND and PAGE are...
Persistent link: https://www.econbiz.de/10012947620
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Optimal Tariffs on Exhaustible Resources : The Case of a Quantity Setting Cartel
Fujiwara, Kenji - 2013
We formulate a dynamic game model of trade in an exhaustible resource with a quantity-setting cartel. We compute the feedback Nash equilibrium and two Stackelberg equilibria under two different leadership scenarios: leadership by the strategic importing country, and leadership by the exporting...
Persistent link: https://www.econbiz.de/10013091687
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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