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Battle for climate and scarcity rents : beyond the linear-quadratic case
Kagan, Mark; Ploeg, Frederick van der; Withagen, Cees - 2014
The nature of oil demand influences the oil extraction rate and hence has implications for both the timing of oil exhaustion and optimal climate policy. We analyse what role oil demand specification plays in strategic interactions b between an oil-importing country producing final goods and...
Persistent link: https://www.econbiz.de/10010424787
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OPEC, shale oil, and global warming : on the importance of the order of extraction
Benchekroun, Hassan; Meijden, Gerard van der; Withagen, Cees - 2017
oil to start producing before OPEC reserves are depleted. We fully characterize the equilibrium of a cartel-fringe model … and use a calibration to examine the importance of this extraction sequence effect. While welfare under the cartel …
Persistent link: https://www.econbiz.de/10011754208
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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
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A third benefit of joint non-OPEC carbon taxes : transferring OPEC monopoly rent
Yan, Dong; Whalley, John - 2009
This paper highlights the potential for joint OECD (or non-OPEC) carbon taxes to reduce OPEC's monopoly rent and provide benefit to non-OPEC countries provided jointly agreed trigger strategies are adhered to. In traditional economic theory, the primary purpose of a carbon tax is to internalize...
Persistent link: https://www.econbiz.de/10003872304
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Optimal tariffs on exhaustible resources : the case of a quantity setting cartel
Fujiwara, Kenji; Long, Ngo Van - 2012
We formulate a dynamic game model of trade in an exhaustible resource with a quantity-setting cartel. We compute the … importing country, and leadership by the exporting cartel. We numerically show that as compared to the Nash equilibrium, both … players are better off if the importing country is the leader. The follower is worse off if the exporting cartel is the leader …
Persistent link: https://www.econbiz.de/10009488895
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The green paradox and learning-by-doing in the renewable energy sector
Nachtigall, Daniel; Rübbelke, Dirk T. G. - 2014
The green paradox conveys the idea that climate policies may have unintended side effects when taking into account the reaction of fossil fuel suppliers. In particular, carbon taxes that will be implemented in the future induce resource owners to extract more rapidly which increases present...
Persistent link: https://www.econbiz.de/10010375227
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Externalities in risky resource markets : optimal taxes, leakage and divestment : presented at CESifo Area Conference on Energy and Climate Economics, October 2015
Habermacher, Florian - 2016
We consider a global externality of resource use, with the example of greenhouse gas emissions from fossil fuels. A region concerned about climate change may reduce its fuel deposit offer, reduce fuel consumption, and withdraw investments into global fuel extraction. We study leakage rates and...
Persistent link: https://www.econbiz.de/10011454043
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Cake-eating with private information
Gerlagh, Reyer; Liski, Matti - 2014
We consider a model of cake-eating with private information. The model captures phenomena such as trust and "security of supply" in resource-use relationships. It also predicts supply shocks as an equilibrium phenomenon: privately informed sellers have incentives to reveal resource scarcity too...
Persistent link: https://www.econbiz.de/10010428833
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Trade and trees : how trade agreements can motivate conservation instead of depletion
Harstad, Bård - 2020
Free trade often leads to resource depletion, such as deforestation in the tropics. This paper first presents a dynamic model whereby the South (S) depletes to export the extracted units (lumber) or the produce (beef) from land available after depletion. Because of the damages, the North...
Persistent link: https://www.econbiz.de/10012289003
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The conservation multiplier
Harstad, Bård - 2020
Every government that controls an exhaustible resource must decide whether to exploit it or to conserve and thereby let the subsequent government decide whether to exploit or conserve. This paper develops a theory of this situation and shows when a small probability that some future government...
Persistent link: https://www.econbiz.de/10012213175