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Knowing the damages is not enough : the general equilibrium impacts of climate change
Kalkuhl, Matthias; Edenhofer, Ottmar - 2016
We show that economies may exhibit a strong endogenous macroeconomic adaptation response to climate change. If climate change induces a structural change to the more productive sector, economies can benefit from climate change though productivities in both sectors are reduced. If climate change...
Persistent link: https://www.econbiz.de/10011454039
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Understanding climate damages : consumption versus investment
Casey, Gregory; Fried, Stephie; Gibson, Matthew - 2021
Existing climate-economy models use aggregate damage functions to model the effects of climate change. This approach assumes climate change has equal impacts on the productivity of firms that produce consumption and investment goods or services. We show the split between damage to consumption...
Persistent link: https://www.econbiz.de/10012796993
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Prevention and mitigation of epidemics : biodiversity conservation and confinement policies
Augeraud-Véron, Emmanuelle; Fabbri, Giorgio; Schubert, … - 2020
This paper presents a first model integrating the relation between biodiversity loss and zoonose pandemic risks in a general equilibrium dynamic economic set-up. The occurrence of pandemics is modeled as Poissonian leaps in economic variables. The planner can intervene in the economic and...
Persistent link: https://www.econbiz.de/10012263718
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The economics of attention
Loewenstein, George F.; Wojtowicz, Zachary - 2023
Attention is a pivotal resource in the modern economy and plays an increasingly prominent role in economic analysis. We summarize research on attention from both psychology and economics, placing a particular emphasis on its capacity to explain numerous documented violations of classical...
Persistent link: https://www.econbiz.de/10014383940
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The transition to renewable energy
Mason, Charles F.; Chassé, Rémi Morin - 2018
The existing economics literature neglects the important role of capacity in the production of renewable energy. To fiill this gap, we construct a model in which renewable energy production is tied to renewable energy capacity, which then becomes a form of capital. This capacity capital can be...
Persistent link: https://www.econbiz.de/10011794603
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The environmental Kuznets curve and sustainability : a panel data analysis
Farhani, Sahbi; Mrizak, Sana; Chaibi, Anissa; Rault, … - 2014
In recent years, sustainability has represented one of the most important policy goals explored in the environmental … specification, namely modified EKC (MEKC), we show that there is an inverted U-shape relationship between sustainability and human …. More interestingly, findings from the estimation show that EKC hypothesis, HD and sustainability are crucial to build …
Persistent link: https://www.econbiz.de/10010350476
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Sustainability of an economy relying on two reproducible assets
Cairns, Robert D.; Del Campo, Stellio; Martinet, Vincent - 2017
Evaluating the sustainability of a society requires a system of shadow or accounting values derived from the … sustainability objective. As a first step toward the derivation of such shadow values for a maximin objective, this paper studies an … genuine savings and the sustainability prospects of future generations. …
Persistent link: https://www.econbiz.de/10011597303
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A tale of two roads : groundwater depletion in the North China Plain
Chakravorty, Ujjayant; Deng, Xiangzheng; Gong, Yazhen; … - 2023
causal effect of infrastructure on the sustainability of natural resources. We examine the effect of the arrival of two new …
Persistent link: https://www.econbiz.de/10014340116
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Cooperation, motivation and social balance
Bosworth, Steven; Singer, Tania; Snower, Dennis J. - 2016
This paper examines the reflexive interplay between individual decisions and social forces to analyze the evolution of cooperation in the presence of "multi-directedness," whereby people's preferences depend on their psychological motives. People have access to multiple, discrete motives....
Persistent link: https://www.econbiz.de/10011431001
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Identity-driven cooperation versus competition
Snower, Dennis J.; Bosworth, Steven - 2016
This paper seeks to extend the domain of identity economics by exploring motivational foundations of in-group cooperation and out-group competition. On this basis, we explore the reflexive interaction between individual economic decisions and social identities in response to technological change...
Persistent link: https://www.econbiz.de/10011434452