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in the case of climate change. A cost-benefit analysis based on the Kaldor-Hicks compensation principle may therefore be … impossible if futu re generations are entitled to a world without climate change; and an environmental trust fund - no matter how …
Persistent link: https://www.econbiz.de/10010227375
High temperatures can have a negative effect on workplace safety for a variety of reasons. Discomfort and reduced concentration caused by heat can lead to workers making mistakes and injuring themselves. Discomfort can also be an incentive for workers to report an injury that they would not have...
Persistent link: https://www.econbiz.de/10015062970
We investigate an equilibrium search model in which the search frictions are increasing with the distance to the central business district allowing for on-the-job search and endogenous (monopsony) wage formation and land allocation. We find that there are many different possible outcomes with...
Persistent link: https://www.econbiz.de/10010477106
This paper models strategic interactions between a product supplier, a provider of information about product quality, and end users, in the context of road transportation. Using a game-theoretical analysis of suppliers' pricing strategies, we assess the social welfare effects of traffic...
Persistent link: https://www.econbiz.de/10011381856
Optimal climate policy is studied in a Ramsey growth model with exhaustible oil reserves, an infinitelyelastic supply … of renewables, stock-dependent oil extraction costs and convex climate damages. Weconcentrate on economies with an …
Persistent link: https://www.econbiz.de/10011380023
The effects of climate policies are often studied under the assumption of perfectly competitive markets for fossil …
Persistent link: https://www.econbiz.de/10011556203
We analyse optimal abatement and carbon pricing strategies under a variety of economic, temperature and damage risks. Economic growth, convex damages and temperature-dependent risks of climatic tipping points lead to higher growth rates, but gradual resolution of uncertainty lowers them. For...
Persistent link: https://www.econbiz.de/10012545087
Carbon capture and storage (CCS) seems an appealing option to meet the ambitious objectives of the Paris Agreement. Captured CO2 emissions can also be injected in active fields to enhance recovery: Carbon capture and utilization (CCU). We study a dynamic model of CCS and CCU of an economy...
Persistent link: https://www.econbiz.de/10013274262
Persistent link: https://www.econbiz.de/10010191381
public good investment, using the canonical problem of climate change as an example. We provide a sufficient and necessary …-like strategies, with deviations above and below the steady state leading to different responses. We extend the theory of differential …
Persistent link: https://www.econbiz.de/10012204634