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Transition to Clean Technology
Acemoglu, Daron - 2015
We develop a microeconomic model of endogenous growth where clean and dirty technologies compete in production and innovation—in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more advanced to start with, the potential transition to...
Persistent link: https://www.econbiz.de/10013031480
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Consumption and Portfolio Choice with Option-Implied State Prices
Ait-Sahalia, Yacine - 2008
We propose an empirical implementation of the consumption-investment problem using the martingale representation … simplifies the investor's task of specifying the investment opportunity set and inherits the computational convenience of the …
Persistent link: https://www.econbiz.de/10012772381
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The Evolutionary Theory of Time Preferences and Intergenerational Transfers
Chu, C. Y. Cyrus - 2008
returns on a capital investment, but not on fertility, or the intrinsic population growth rate. During the mature phase, time …
Persistent link: https://www.econbiz.de/10012770874
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Neutralizing the Adverse Industry Impacts of Co2 Abatement Policies : What Does it Cost?
Bovenberg, A. Lans; Goulder, Lawrence H. - 2021
The most cost-effective policies for achieving CO2 abatement (e.g., carbon taxes) fail to get off the ground politically because of unacceptable distributional consequences. This paper explores CO2 abatement policies designed to address distributional concerns. Using an intertemporal numerical...
Persistent link: https://www.econbiz.de/10013225563
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Is There an Energy Efficiency Gap?
Allcott, Hunt - 2014
negative externalities and save money. This overview paper presents a simple model of investment in energy-using capital stock … profitable unexploited investment opportunities is much smaller than engineering-accounting studies suggest. Finally, there is …
Persistent link: https://www.econbiz.de/10013066799
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Nondogmatic Climate Policy
Jaakkola, Niko; Millner, Antony - 2022
Disagreements about normative aspects of social time preferences have led to estimates of the Social Cost of Carbon (SCC) that differ by orders of magnitude. We investigate how disagreements about the SCC change if planners are non-dogmatic, i.e., they admit the possibility of a change in their...
Persistent link: https://www.econbiz.de/10013289321
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When to Pollute, When to Abate? Intertemporal Permit Use in the Los Angeles Nox Market
Holland, Stephen P. - 2014
provide conclusive support of the theory …
Persistent link: https://www.econbiz.de/10012751332
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Equity Vesting and Managerial Myopia
Edmans, Alex - 2014
This paper links the impending vesting of CEO equity to reductions in real investment. Existing studies measure the … to introduce a new empirical measure that is tightly linked to theory - the sensitivity of equity vesting over the … current investment opportunities. An interquartile increase is associated with a decline of 0.11% in the growth of R&D (scaled …
Persistent link: https://www.econbiz.de/10013063030
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Should We Give Up after Solyndra? Optimal Technology R&D Portfolios Under Uncertainty
Webster, Mort - 2015
that investment should not continue …
Persistent link: https://www.econbiz.de/10013018720
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Robust Decarbonization of the Us Power Sector : Policy Options
Stock, James H.; Stuart, Daniel N. - 2022
To reliably achieve deep decarbonization of the US power sector, a candidate policy must perform robustly across a range of possible future trajectories of demand, fossil fuel prices, and prices of new wind and solar capacity. Using a modified version of the NREL ReEDS model with scenarios that...
Persistent link: https://www.econbiz.de/10014242559