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A Spatial Approach to Energy Economics
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
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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
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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
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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 …
Persistent link: https://www.econbiz.de/10013247854
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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
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Regulation Versus Taxation
Alesina, Alberto F. - 2010
We study which policy tool and at what level a majority chooses in order to reduce activities with negative externalities. We consider three instruments: a rule, that sets an upper limit to the activity which produces the negative externality, a quota that forces a proportional reduction of the...
Persistent link: https://www.econbiz.de/10013137596
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The Corrective Tax Versus Liability as Solutions to the Problem of Harmful Externalities
Shavell, Steven - 2010
harmful externalities, its actual use has been limited, mainly to the domain of pollution. Liability, in contrast, has great … importance in controlling harmful externalities. I compare the tax and liability here in theory and suggest that the conclusions … help to explain the observed predominance of liability over taxation, except in the area of pollution. The following …
Persistent link: https://www.econbiz.de/10013139749
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Corrective Taxation Versus Liability
Shavell, Steven - 2010
Taxation and liability are compared here as means of controlling harmful externalities. It is emphasized that liability has an advantage over taxation: inefficiency of incentives arises under taxation when, as would be typical, it would be impractical for a tax to reflect all variables that...
Persistent link: https://www.econbiz.de/10013139750
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Optimal Cleanup and Liability after Environmentally Harmful Discharges
Polinsky, A. Mitchell - 2011
This article studies how liability for environmentally harmful discharges affects the incentives of firms to engage in cleanup and invest in precautions, as well as the incentives of consumers to purchase the goods whose production leads to discharges. Our main conclusion is that making firms...
Persistent link: https://www.econbiz.de/10013124354
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Sources of Comparative Advantage in Polluting Industries
Broner, Fernando - 2012
the country level with data on pollution intensity at the industry level to show that countries with laxer environmental …. We propose an instrument for environmental regulation based on meteorological determinants of pollution dispersion identi …...ed by the atmospheric pollution literature. We find that the effect of environmental regulation on the pattern of trade is …
Persistent link: https://www.econbiz.de/10013101512