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Optimal Emission-Extraction Policy in a World of Scarcity and Irreversibility
Prieur, Fabien; Tidball, Mabel; Withagen, Cees - 2021
This paper extends the classical exhaustible-resource/stock-pollution model with the irreversibility of pollution decay …. Within this framework, we answer the question how the potential irreversibility of pollution affects the extraction path. We … example. To sum up, for any pollution level, we can identify a critical resource stock such that there exist multiple optima i …
Persistent link: https://www.econbiz.de/10013315993
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Supply Restrictions, Subprime Lending and Regional US House Prices
Anundsen, André K. - 2015
With regard to the recent US house price cycle, we analyze how the interaction between housing supply restrictions, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan Statistical Areas, we estimate a simultaneous boom-bust...
Persistent link: https://www.econbiz.de/10013025976
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Spatial and Temporal Diffusion of House Prices in the UK
Holly, Sean - 2013
This paper provides a method for the analysis of the spatial and temporal diffusion of shocks in a dynamic system. We use changes in real house prices within the UK economy at the level of regions to illustrate its use. Adjustment to shocks involves both a region specific and a spatial effect....
Persistent link: https://www.econbiz.de/10013095156
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Housing Environmental Risk in Urban Areas : Cross Country Comparison and Policy Implications
Chiarini, Bruno - 2018
The main aim of this paper is to assess whether there is a statistically significant environmental impact of cities within European countries. Second, starting from the estimated environmental impact of cities within European countries, the paper investigates whether cross-country variation can...
Persistent link: https://www.econbiz.de/10012926996
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Biodiversity and Geography
Rauscher, Michael - 2014
The paper combines an economic-geography model of agglomeration and periphery with a model of species diversity and looks at optimal policies of biodiversity conservation. The subject of the paper is natural biodiversity, which is inevitably impaired by anthropogenic impact. Thus, the economic...
Persistent link: https://www.econbiz.de/10012751891
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Climate Change and Psychological Adaptation : A Behavioral Environmental Economics Approach
Aronsson, Thomas; Schöb, Ronnie - 2021
Economic models of climate policy (or policies to combat other environmental problems) typically neglect psychological adaptation to changing life circumstances. People may adapt or become more sensitive, to different degrees, to a deteriorated environment. The present paper addresses these...
Persistent link: https://www.econbiz.de/10013315603
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Incentives for Environmental R&D
Greaker, Mads; Hoel, Michael - 2021
Since governments can influence the demand for a new abatement technology through their environmental policy, they may be able to expropriate innovations in new abatement technology ex post. This suggests that incentives for environmental R&D may be lower than the incentives for market goods...
Persistent link: https://www.econbiz.de/10013316012
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Environmental Policy and the Macroeconomy Under Shallow-Lake Dynamics
Heijdra, Ben J.; Heijnen, Pim - 2021
-state ecological equilibria. Under shallow-lake dynamics (SLD), the isocline for the stock of pollution features two stable branches, a …
Persistent link: https://www.econbiz.de/10013316289
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Voluntary Emission Reductions, Social Rewards, and Environmental Policy
Rauscher, Michael - 2021
Social norms and intrinsic motivations lead to environmentally friendly behaviour even in the absence of environmental policy. This paper looks at the interactions of social norms and environmental regulation in their impact on individual behaviour. People obtain social rewards for voluntary...
Persistent link: https://www.econbiz.de/10013317346
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Pollution, Shadow Economy and Corruption : Theory and Evidence
Biswas, Amit K. - 2013
We study how the shadow economy affects pollution and how this effect depends on corruption levels in public … be accompanied by higher pollution levels. Our theoretical model predicts that controlling the levels of corruption can … limit the effect of the shadow economy on pollution. We use panel data covering the period from 1999–2005 from more than 100 …
Persistent link: https://www.econbiz.de/10013092159