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Environmental and technology policy options in the electricity sector : interactions and outcomes
Fischer, Carolyn; Newell, Richard G.; Preonas, Louis - 2014
Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from renewable sources, and encourage energy conservation. To what extent do innovation and energy efficiency (EE) market failures justify additional interventions when a carbon price is...
Persistent link: https://www.econbiz.de/10010344788
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To build or not to build? : capital stocks and climate policy
Baldwin, Elizabeth; Cai, Yongyang; Kuralbaeva, Karlygash Z. - 2018
We investigate how irreversibility in "dirty" and "clean" capital stocks affects optimal climate policy, from both theoretical and numerical perspectives. An increasing carbon tax will reduce investments in assets that pollute, and so reduce emissions in the short term: our "irreversibility...
Persistent link: https://www.econbiz.de/10011794242
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The rise and fall of bioenergy
Hoel, Michael - 2018
If bioenergy has a less negative impact on the climate than fossil energy, it may be optimal to have a significant increase in the use of bioenergy over time. Due to the difference in the way the climate is affected by the two types of energy, the future time path of the use of bioenergy may be...
Persistent link: https://www.econbiz.de/10011819398
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Means-tested solar subsidies
Colas, Mark; Reynier, Emmett - 2024
We study the optimal design of income-contingent subsidies for residential solar panels. Using remotely sensed data on solar panel installations across the contiguous US and a border-discontinuity design, we estimate that the responsiveness of installation rates to subsidies is strongly...
Persistent link: https://www.econbiz.de/10015074561
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Did the renewable fuel standard shift market expectations of the price of ethanol?
Baumeister, Christiane; Ellwanger, Reinhard; Kilian, Lutz - 2016
It is commonly believed that the response of the price of corn ethanol (and hence of the price of corn) to shifts in biofuel policies operates in part through market expectations and shifts in storage demand, yet to date it has proved difficult to measure these expectations and to empirically...
Persistent link: https://www.econbiz.de/10011587532
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Green governments
Potrafke, Niklas; Wüthrich, Kaspar - 2020
We examine how Green governments influence macroeconomic, education, and environmental outcomes. Our empirical strategy exploits that the Fukushima nuclear disaster in Japan gave rise to an unanticipated change in government in the German state Baden-Wuerttemberg in 2011. The incumbent rightwing...
Persistent link: https://www.econbiz.de/10012319437
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Optimal cost overruns : procurement auctions and renegotiation
Herweg, Fabian; Schwarz, Marco A. - 2016 - This version: March 18, 2016
a simple design initially enhances competition in the auction. Moreover, the procurer cannot benefit from using a multi …-dimensional auction, as the optimal scoring rule depends only on the price. …
Persistent link: https://www.econbiz.de/10011447525
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The scope of auctions in the presence of downstream interactions and information externalities
Koska, Onur A.; Onur, Ilke; Stähler, Frank - 2015
We scrutinize the scope of auctions in the presence of downstream interactions and information externalities by using …-cost firm under incomplete information: a separating auction implies adverse selection and relies substantially on commitment to … allocation and transfer rules. A pooling auction serves as a commitment device against ex-post opportunistic behavior and …
Persistent link: https://www.econbiz.de/10010496103
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Cross-game learning and cognitive ability in auctions
Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2021
. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction format in which …Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We …
Persistent link: https://www.econbiz.de/10012668312
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Low price equilibrium in multi-unit auctions : the GSM spectrum auction in Germany
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001
The second-generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in … a simultaneous ascending-bid auction.The present paper gives an account of the events, describes the auction rules and … market conditions, and provides a theoretical explanation of low price equilibria in simultaneous, ascending-bid auctions …
Persistent link: https://www.econbiz.de/10011399147