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that emission trading between European power sectors allows the harvest of a major part of the efficiency gains provided by …
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We study the interaction of climate policies and investments into fossil and renewable energy generation capacity if policies are set by democratically elected governments and can lead to stranded assets. We develop an overlapping generations model, where elections determine carbon taxation and...
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This paper examines how optimal renewable energy (RE) support (RES) policies need to be adjusted to account for carbon prices. We show theoretically and empirically that changing carbon prices requires adjusting RE production subsidies due to two different motives: First, RE premiums need to be...
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This paper investigates the implications of U.S. withdrawal on environmental effectiveness, economic efficiency, and …-compliance of the U.S. increases the efficiency losses from FSU market power and reduces the compliance costs of remaining OECD …
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We examine the impact of Chinese import competition on patenting, IT, R&D and TFP using a panel of up to half a million …-specific quotas following China’s entry into the World Trade Organization. Chinese import competition had two effects: first, it led … account for around 15% of European technology upgrading between 2000-2007. Rising Chinese import competition also led to falls …
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