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Global environmental agreements and international trade : asymmetry of countries matters

Eichner, Thomas; Pethig, Rüdiger - 2014

climate policy takes the form of carbon emission taxation and fossil fuel and consumption goods are traded on world markets …

Persistent link: https://www.econbiz.de/10010428830

Agency and communication in IMF conditional lending : theory and empirical evidence

Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009

We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...

Persistent link: https://www.econbiz.de/10003813630

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

International carbon emissions trading and strategic incentives to subsidize green energy

Eichner, Thomas; Pethig, Rüdiger - 2010

This paper examines strategic incentives to subsidize green energy in a group of countries that operates an international carbon emissions trading scheme. Welfare-maximizing national governments have the option to discriminate against energy from fossil fuels by subsidizing green energy,...

Persistent link: https://www.econbiz.de/10003974681

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

The carbon-budget approach to climate stabilization : cost-effective subglobal versus global action

Eichner, Thomas; Pethig, Rüdiger - 2010

Scientific expertise suggests that mitigating extreme world-wide climate change damages requires avoiding increases in … the world mean temperature exceeding 2° Celsius. To achieve the two degree target, the cumulated global emissions must not …

Persistent link: https://www.econbiz.de/10008699683

Forging a global environmental agreement through trade sanctions on free riders?

Eichner, Thomas; Pethig, Rüdiger - 2015

This paper studies the formation of self-enforcing global environmental agreements in a world economy with …

Persistent link: https://www.econbiz.de/10011281297

Information transmission and ownership consolidation in aid programs

Dreher, Axel; Marchesi, Silvia - 2013

This paper explores the role of information transmission in explaining donors ́choice between project aid and budget support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an example of a "delegation-scheme." Conversely, project...

Persistent link: https://www.econbiz.de/10010199746

Information transmission within federal fiscal architectures : theory and evidence

Gehring, Kai; Kotsogiannēs, Chrēstos; Marchesi, Silvia - 2013

This paper explores the role of information transmission and misaligned interests across levels of government in explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal-agent framework, it analyzes two alternative...

Persistent link: https://www.econbiz.de/10010126407