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Aggressive oil extraction and precautionary saving : coping with volatility

Ploeg, Frederick van der - 2010

The effects of stochastic oil demand on optimal oil extraction paths and tax, spending and government debt policies are analyzed when the oil demand schedule is linear and preferences quadratic. Without prudence, optimal oil extraction is governed by the Hotelling rule and optimal budgetary...

Persistent link: https://www.econbiz.de/10003966514

War and natural resource exploitation

Ploeg, Frederick van der; Rohner, Dominic - 2010

Although the relationship between natural resources and civil war has received much attention, little is known about the underlying mechanisms. Controversies and contradictions in the stylized facts persist because resource extraction is treated as exogenous while in reality fighting affects...

Persistent link: https://www.econbiz.de/10008732315

Stable climate coalitions (Nash) and international trade

Eichner, Thomas; Pethig, Rüdiger - 2012

liberalization by moving from autarky to free trade. Although the coalition steps up its mitigation effort, world emissions rise …

Persistent link: https://www.econbiz.de/10009581727

Breakthrough renewables and the green paradox

Ploeg, Frederick van der - 2012

We show how a monopolistic owner of oil reserves responds to a carbon-free substitute becoming available at some uncertain point in the future if demand is isoelastic and variable extraction costs are zero but upfront exploration investment costs have to be made. Not the arrival of this...

Persistent link: https://www.econbiz.de/10009665356

Endogenous selection of comparison groups, human capital formation, and tax policy

Stark, Oded; Hyll, Walter; Wang, Yong - 2010

Persistent link: https://www.econbiz.de/10008906322

Optimal carbon tax with a dirty backstop : oil, coal, or renewables?

Ploeg, Frederick van der; Withagen, Cees - 2011

Optimal climate policy is studied. Coal, the abundant resource, contributes more CO2 per unit of energy than the exhaustible resource, oil. We characterize the optimal sequencing oil and coal and departures from the Herfindahl rule. "Preference reversal" can take place. If coal is very dirty...

Persistent link: https://www.econbiz.de/10009009608

Fiscal policy and Dutch disease

Ploeg, Frederick van der - 2011

In this paper we revisit the Dutch disease paying particular attention to the role of specific factors of production and capital stock dynamics. The main insight is that if the natural resource rich windfall is substantial but not large enough for the country to become a rentier, capital goods...

Persistent link: https://www.econbiz.de/10009011986

Flattening the carbon extraction path in unilateral cost-effective action

Eichner, Thomas; Pethig, Rüdiger - 2011

Internalizing the global negative externality of carbon emissions requires flattening the extraction path of world … fossil energy resources (= world carbon emissions). We consider governments having sign-unconstrained emission taxes at their … disposal and seeking to prevent world emissions from exceeding some binding aggregate emission ceiling in the medium term. Such …

Persistent link: https://www.econbiz.de/10009261795

Carbon leakage, the green paradox and perfect future markets

Eichner, Thomas; Pethig, Rüdiger - 2009

Policies of lowering carbon demand may aggravate rather than alleviate climate change (green paradox). In a two-period three-country general equilibrium model with finite endowment of fossil fuel one country enforces an emissions cap in the first or second period. When that cap is tightened the...

Persistent link: https://www.econbiz.de/10003807900

Migrants' savings, purchasing power parity, and the optimal duration of migration

Stark, Oded; Helmenstein, Christian; Yegorov, Yuri - 1997

If some of the returns to migration accrue from return migration, the optimal duration of migration may be shorter than the feasible duration of migration. We develop a model that provides and highlights conditions under which return migration takes place even though a reversal of the...

Persistent link: https://www.econbiz.de/10009698205