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Moreno Cruz, Juan Bernardo - 2014

We develop a spatial model of energy exploitation where energy sources are differentiated by their geographic location and energy density. The spatial setting creates a scaling law that magnifies the importance of differences across energy sources. As a result, renewable sources twice as dense,...

Persistent link: https://www.econbiz.de/10013064302

Unitization of Spatially Connected Renewable Resources

Kaffine, Daniel - 2015

Spatial connectivity of renewable resources induces a spatial externality in extraction. We explore the consequences of decentralized spatial property rights in the presence of spatial externalities. We generalize the notion of unitization - developed to enhance cooperative extraction of oil and...

Persistent link: https://www.econbiz.de/10013038597

International Trade between Consumer and Conservationist Countries

Brander, James A.; Taylor, M. Scott - 2021

We consider trade between a consumer' country with an open access renewable resource and a conservationist' country that regulates resource harvesting to maximize domestic steady-state utility. In what we call the mild overuse' case, the consumer country exports the resource good and suffers...

Persistent link: https://www.econbiz.de/10013225818

International Trade and Open Access Renewable Resources : The Small Open Economy Case

Brander, James A.; Taylor, M. Scott - 2021

This paper develops a two-sector general equilibrium model of an economy with an open access renewable resource. We characterize the autarkic steady state, showing that autarky prices (and 'comparative advantage') are determined by the ratio of intrinsic resource growth to labor. Under free...

Persistent link: https://www.econbiz.de/10013238708

Trade, Tragedy, and the Commons

Copeland, Brian R.; Taylor, M. Scott - 2021

We develop a theory of resource management where the degree to which countries escape the tragedy of the commons is endogenously determined and explicitly linked to changes in world prices and other possible effects of market integration. We show how changes in world prices can move some...

Persistent link: https://www.econbiz.de/10013247854

Can Incentives to Increase Electricity Use Reduce the Cost of Integrating Renewable Resources

Andersen, Laura - 2020

We report results from a large field experiment that with a few hours prior notice provided Danish residential consumers with dynamic price and environmental signals aimed at causing them to shift their consumption either into or away from certain hours of the day. The same marginal price signal...

Persistent link: https://www.econbiz.de/10012829859

Open Access Renewable Resources : Trade and Trade Policy in a Two-Countrymodel

Brander, James A.; Taylor, M. Scott - 2021

This paper develops a two-good, two-country model with national open access renewable resources. We derive an appropriate analog of `factor proportions' for the renewable resource case and link it to trade patterns and to the likelihood of diversified production. The resource importer gains from...

Persistent link: https://www.econbiz.de/10013310796

Agricultural Innovation

Wright, Brian D. - 2015

operate as well as concentration in the agricultural biotechnology industry also emerged due to intellectual property rights …

Persistent link: https://www.econbiz.de/10013039091

Trade and Exchange Rate Policies in Growth-Oriented Adjustment Programs

Sachs, Jeffrey D. - 2021

The search for "growth-oriented adjustment programs" reflects a widespread malaise concerning IMF stabilization programs in countries suffering from external debt crises. A new orthodoxy is emerging from this search, which links recovery in the debtor countries to a shift to "outward-oriented"...

Persistent link: https://www.econbiz.de/10013217625

Fundamentals or Population Dynamics and the Geographic Distribution of U.S. Biotechnology Enterprises, 1976-1989

Zucker, Lynne G.; Darby, Michael R.; Peng, Yusheng - 2021

, such as intellectual human capital, can predict where and when biotechnology enterprises emerge and agglomerate. Density … more conjectural than empirically tenable. We argue and demonstrate for biotechnology that an alternative model based on … essentially uncorrelated with the panel data on biotechnology entry by year and region while the combined model has correlation …

Persistent link: https://www.econbiz.de/10013219977