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The Demand for Global and Local Environmental Protection - Experimental Evidence from Climate Change Mitigation in Beijing
Löschel, Andreas - 2018
investigated. Participants from Beijing were offered the opportunity to contribute to voluntary climate change mitigation by … emissions mitigation is inevitably linked to other local benefits like the reduction in emissions of air pollutants, the aim of … Shenzhen ETS permits indicating that a substantial part of the revealed demand for voluntary climate change mitigation in …
Persistent link: https://www.econbiz.de/10012917519
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Carbon Prices for the Next Hundred Years
Gerlagh, Reyer - 2014
World income grows fast without verifiable climate-change impacts on the economy. The growth spell can end if climate impacts turn real but this can take decades to learn. We develop a tractable stochastic climate-economy model with a hidden-state impact process to evaluate the contributions of...
Persistent link: https://www.econbiz.de/10013056827
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Carbon Prices for the Next Thousand Years
Gerlagh, Reyer; Liski, Matti - CESifo - 2012
Climate is a persistent asset, bar none: changes in climate-related stocks have consequences spanning over centuries or possibly millennia to the future. To reconcile the discounting of such far-distant impacts and realism of the shorter-term decisions, we consider hyperbolic time-preferences in...
Persistent link: https://www.econbiz.de/10010554825
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Carbon Prices for the Next Hundred Years
Gerlagh, Reyer; Liski, Matti - CESifo - 2014
World income grows fast without verifiable climate-change impacts on the economy. The growth spell can end if climate impacts turn real but this can take decades to learn. We develop a tractable stochastic climate-economy model with a hidden-state impact process to evaluate the contributions of...
Persistent link: https://www.econbiz.de/10010747216
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Adaptation, Mitigation and Risk-Taking in Climate Policy
Auerswald, Heike; Konrad, Kai A.; Thum, Marcel - CESifo - 2011
widely unknown. Governments try to cope with these risks by investing in mitigation and adaptation measures. Mitigation aims … to the existing literature, we explicitly model the decision of risk-averse governments on mitigation and adaptation … policies. Furthermore we also consider the interaction of the two strategies. Mitigation efforts of a single country trigger …
Persistent link: https://www.econbiz.de/10008833877
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The Impact of Financial Education on Adolescents' Intertemporal Choices
Lührmann, Melanie - 2018
We study the impact of financial education on intertemporal choice in adolescence. The educational program was randomly assigned among high-school students and choices were measured using an incentivized experiment. Students who participated in the program make more time-consistent choices; are...
Persistent link: https://www.econbiz.de/10012937819
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Deadlines and Cognitive Limitations
Altmann, Steffen - 2018
This paper studies the interplay between deadlines and cognitive limitations. We analyze an agent's decision to complete a one-off task under a deadline. Postponing the task can be beneficial for the agent; missing the deadline, however, leads to a drop in the agent's rewards. If the agent...
Persistent link: https://www.econbiz.de/10012929475
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The Impact of Financial Education on Adolescents' Intertemporal Choices
Lührmann, Melanie; Serra-Garcia, Marta; Winter, Joachim - CESifo - 2014
We study the impact of financial education on intertemporal choice in adolescence. The program was randomly assigned among high-school students and intertemporal choices were measured using an incentivized experiment. Students who participated in the program display a decrease in time...
Persistent link: https://www.econbiz.de/10011274344
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Once Upon a Time Preference - How Rationality and Risk Aversion Change the Rationale for Discounting
Traeger, Christian P. - 2012
The paper develops an axiomatic framework for rational decision making. The von Neumann-Morgenstern axioms give rise to a richer risk attitude than that captured in the standard discounted expected utility model. I derive three models that permit a more comprehensive risk evaluation. These...
Persistent link: https://www.econbiz.de/10013107349
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Internationally Coordinated Emission Permit Policies : An Option for Withdrawers from the Kyoto Protocol?
Bednar-Friedl, Birgit - 2014
This paper investigates the welfare costs of unilateral versus internationally coordinated emission permit policies in a two-country overlapping generations model with producer carbon emissions. We show that, for a net foreign debtor country, the domestic welfare costs of a unilateral domestic...
Persistent link: https://www.econbiz.de/10013070789