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This paper presents an examination of the socially efficient formation of environmental R&D in Cournot duopoly in a setting where a regulator has no precommitment ability for an emission tax. The results reveal that if the environmental damage is slight, alternatively, given severe environmental...
Persistent link: https://www.econbiz.de/10014146273
We consider a robust control model for a spatially distributed commercial fishery under uncertainty, and in particular a tracking problem, i.e. the problem of robust stabilization of a chosen deterministic benchmark state in the presence of model uncertainty. The problem is expressed in the form...
Persistent link: https://www.econbiz.de/10014160448
When a firm undertakes risky activities, the conflict between social and private incentives to implement safety care requires public intervention which can take the form of both monetary incentives but also ex ante or ex post monitoring, i.e., before or after an accident occurs. We delineate the...
Persistent link: https://www.econbiz.de/10013135482
can establish the overall pollution-reduction goal for a cap-and-trade system by setting the cap, and leave it up to the …
Persistent link: https://www.econbiz.de/10013140027
has given rise to unprecedented environmental pollution and CO2 emissions. While estimates of the embedded CO2 emissions …
Persistent link: https://www.econbiz.de/10013092142
This paper studies the empirical relationship between consumption and saving under two different sources of uncertainty: financial risk and environmental risk. The analysis is carried out using time series data for six advanced economies in the period 1965-2007. The results support the...
Persistent link: https://www.econbiz.de/10013067496
is that the EKC is examined in the presence of pollution as a by product of consumption activities; also, pollution is a … environment, consumers do not consider directly pollution in the maximization problem and are assumed to choose between two … that substitution of dirty consumption with clean consumption alone is not sufficient to reduce environmental pollution …
Persistent link: https://www.econbiz.de/10013067514
delinking patterns across emissions. Trade expansion validates the pollution haven in some cases, but also show negative signs …
Persistent link: https://www.econbiz.de/10013157454
Environmental cost-benefit analysis (ECBA) refers to social evaluation of investment projects and policies that involve significant environmental impacts. Valuation of the environmental impacts in monetary terms forms one of the critical steps in ECBA. We propose a new approach for environmental...
Persistent link: https://www.econbiz.de/10012731649
Over the last few years, environmental issues have entered into policy design, particularly development and growth policies. Natural resources are considered necessary production inputs and environmental quality is considered a welfare determinant. The integration of environmental issues into...
Persistent link: https://www.econbiz.de/10012734166