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given by different sponsors (the federal government, the Länder and the European Union). Recent theory stresses the …
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The specification of the world closure, i.e. the way of closing the domestic economy model by incorporating the … all countries. This paper looks explicitly at the assumptions concerning the trade behaviour of the rest of the world that … world's export supply function in which a constant finite price elasticity is introduced. The second change concerns the …
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Petroleum exploration in Brazil is performed throughout a bidding process coordinated by the National Petroleum Agency (NPA), where the exploration and production (E&P) firms need to evaluate concessions performing financial and economic analyses routinely. Since oil is a public resource with...
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International carbon markets are frequently propagated as an efficient instrument for reducing CO2 emissions. We argue that such markets, despite their desirable efficiency properties, might not be in the best interest of governments who are guided by strategic considerations in negotiations. We...
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