Showing 1 - 10 of 138
We study adoption by more than 150,000 households of an optional transitional water tariff implemented in the South …
Persistent link: https://www.econbiz.de/10012916940
This paper considers the problem of a water management authority faced with the threat of a drought that hits at an …-state equilibrium stock size of water under policy iii) is smaller than under policy ii) and, hence, a precautionary stock size should …
Persistent link: https://www.econbiz.de/10012986182
negotiations on water allocation and management. We explore the impacts of different economic incentives, a stochastic environment … multilateral, multiple issues, non-cooperative bargaining model of water allocation in the Piave River Basin, in the North East of … Italy. Players negotiate in an alternating-offer manner over the sharing of water resources (quantity and quality …
Persistent link: https://www.econbiz.de/10013316631
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
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
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
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
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
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
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