Similar Search Results

Pindyck, Robert S. - 2007

In a world of certainty, the design of environmental policy is relatively straightforward, and boils down to maximizing the present value of the flow of social benefits minus costs. But the real world is one of considerable uncertainty -- over the physical and ecological impact of pollution,...

Persistent link: https://www.econbiz.de/10012778137

The Welfare Cost of Uncertainty in Policy Outcomes

Schlee, Edward E. - 2016

function of the coefficient of relative risk aversion, the variance in the measure of environmental service associated with …

Persistent link: https://www.econbiz.de/10012978519

Output and Attribute-Based Carbon Regulation Under Uncertainty

Kellogg, Ryan - 2022

Output-based carbon regulations—such as fuel economy standards and the rate-based standards in the Clean Power Plan—create well-known incentives to inefficiently increase output. Similar distortions are created by attribute-based regulations. This paper demonstrates that, despite these...

Persistent link: https://www.econbiz.de/10013309637

Mitigating Disaster Risks in the Age of Climate Change

Hong, Harrison G.; Wang, Neng; Yang, Jinqiang - 2022

Emissions control cannot address the consequences of global warming for weather disasters until decades later. We model regional-level mitigation or adaptation, which reduces disaster risks to capital in the interim. Mitigation depends on belief regarding the adverse consequences of global...

Persistent link: https://www.econbiz.de/10013311024

Where Does Energy R&D Come from? Examining Crowding Out from Environmentally-Friendly R&D

Popp, David - 2015

Recent efforts to endogenize technological change in climate policy models demonstrate the importance of accounting for the opportunity cost of climate R&D investments. Because the social returns to R&D investments are typically higher than the social returns to other types of investment, any...

Persistent link: https://www.econbiz.de/10013039283

The Generational Divide in Support for Environmental Policies : European Evidence

Viscusi, W. Kip; Hersch, Joni - 2021

This article examines age variations in support for environmental protection policies that affect climate change using a sample of over 14,000 respondents to a 1999 Eurobarometer survey. There is a steady decline with age in whether respondents are willing to incur higher gasoline prices to...

Persistent link: https://www.econbiz.de/10013226098

Monitoring and Enforcement of Climate Policy

Sigman, Hilary - 2010

This chapter applies recent research on environmental enforcement to a potential U.S. program to control greenhouse gases, especially through emission trading. Climate policies present the novel problem of integrating emissions reductions that are relatively easy to monitor (such as carbon...

Persistent link: https://www.econbiz.de/10013141861

Carbon Motivated Regional Trade Arrangements : Analytics and Simulations

Dong, Yan - 2014

This paper presents both analytics and numerical simulation results relevant to proposals for carbon motivated regional trade agreements summarized in Dong amp; Whalley(2008). Unlike traditional regional trade agreements, by lowing tariffs on participant's low carbon emission goods and setting...

Persistent link: https://www.econbiz.de/10012750865

Risk Sharing Through Capital Gains

Balli, Faruk - 2011

We estimate channels of international risk sharing between European Monetary Union (EMU), European Union, and other … OECD countries 1992-2007. We focus on risk sharing through savings, factor income flows, and capital gains. Risk sharing … through factor income and capital gains was close to zero before 1999 but has increased since then. Risk sharing from capital …

Persistent link: https://www.econbiz.de/10013118134

Regulating Innovation with Uncertain Quality : Information, Risk, and Access in Medical Devices

Grennan, Matthew - 2015

variation between EU and US medical device regulations, we document patterns consistent with valuable learning from more … regulation. US policy is indistinguishable from the policy that maximizes total surplus in our estimated model, while the EU …

Persistent link: https://www.econbiz.de/10013027262