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Risk and Return in Environmental Economics

Pindyck, Robert S. - 2012

I examine the risk/return tradeoff for environmental investments, and its implications for policy choice. Consider a policy to reduce carbon emissions. To what extent does the value of such a policy depend on the expected future damages from global warming versus uncertainty over those damages,...

Persistent link: https://www.econbiz.de/10013103046

Network Security and Contagion

Acemoglu, Daron - 2013

: greater investment by an agent shifts the attack to other parts of the network …

Persistent link: https://www.econbiz.de/10013079755

Incentives and Outcomes : China's Environmental Policy

Wu, Jing - 2013

is strongly tilted towards transportation infrastructure. Investment in transportation infrastructure correlates strongly …'s chance of promotion, or were environmental quality to affect land prices substantially, city-level public investment in …

Persistent link: https://www.econbiz.de/10013075346

Trade Adjustment Dynamics and the Welfare Gains from Trade

Alessandria, George - 2014

We study how the transitions following a trade reform are shaped by the time it takes for new exporters to grow in the export market. We introduce time and risk into the fixed-variable cost tradeoff central to general equilibrium heterogeneous firm trade models: Investing in exporting gradually...

Persistent link: https://www.econbiz.de/10013044346

Fat Tails, Thin Tails, and Climate Change Policy

Pindyck, Robert S. - 2010

Climate policy is complicated by the considerable compounded uncertainties over the costs and benefits of abatement. We don't even know the probability distributions for future temperatures and impacts, making cost-benefit analysis based on expected values challenging to say the least. There are...

Persistent link: https://www.econbiz.de/10013138396

Noncooperative Equilibria in Regional Environmental Policies When Plant Locations are Endogenous

Markusen, James R.; Morey, Edward R.; Olewiler, Nancy - 2021

A two-region model is presented in which an imperfectly competitive firm produces a good with increasing returns at the plant level, and in which shipping costs exist between the two markets. Production of the good causes local pollution, and regional governments can levy pollution taxes or...

Persistent link: https://www.econbiz.de/10013217939

Technological Change and the Environment

Jaffe, Adam B.; Newell, Richard G.; Stavins, Robert N. - 2021

change, and partly because environmental policy interventions can themselves create constraints and incentives that have … theory and empirical evidence of induced innovation and the related literature on the effects of environmental policy on the … creation of new, environmentally friendly technology; the theory and empirics of environmental issues related to technology …

Persistent link: https://www.econbiz.de/10013233728

The Economics of Climate Change

Goulder, Lawrence H.; Pizer, William A. - 2021

Global climate change poses a threat to the well-being of humans and other living things through impacts on ecosystem functioning, biodiversity, capital productivity, and human health. This paper briefly surveys recent research on the economics of climate change, including theoretical insights...

Persistent link: https://www.econbiz.de/10013249385

Environmental Economics

Stavins, Robert N. - 2014

This article provides an overview of the economics of environmental policy, including the setting of goals and targets, notably the Kaldor-Hicks criterion and the related method of assessment known as benefit-cost analysis. Also reviewed are the means of environmental policy, that is, the choice...

Persistent link: https://www.econbiz.de/10012751750

Behavioral and Distributional Effects of Environmental Policy Introduction

Carraro, Carlo; Metcalf, Gilbert E. - 2021

Persistent link: https://www.econbiz.de/10013313324

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