Similar Search Results

The Strategic Use of Abatement by a Polluting Monopoly

Martín-Herrán, Guiomar; Rubio, Santiago J. - 2016

This paper evaluates the effects of the lack of regulatory commitment on emission tax applied by the regulator … find that the lack of commitment leads to lower taxation and abatement that yield larger emissions and, consequently, a … social welfare. Thus, our analysis indicates that the lack of commitment has a negative impact of welfare although this …

Persistent link: https://www.econbiz.de/10011586850

Price regulation and incentives to innovate: Fixed vs. flexible rules

Ecchia, Giulio - 1997

Since the seminal works of Schumpeter (1937) and Arrow (1962), economists have recognised that the innovation process is crucially dependent on the strategic environment in which firms operate and on the institutional arrangements which govern the appropriability of economic returns from...

Persistent link: https://www.econbiz.de/10011608314

Auction Design without Commitment

Vartiainen, Hannu - 2003

We study auction design when parties cannot commit themselves to the mechanism. The seller may change the rules of the game and the buyers choose their outside option at all stages. We assume that the seller has a leading role in equilibrium selection at any stage of the game. Stationary...

Persistent link: https://www.econbiz.de/10011325053

Environmental enforcement with endogenous ambient monitoring

Franckx, Laurent - 2002

commitment power has a very strong impact on the value of prior information. …

Persistent link: https://www.econbiz.de/10011335754

Bilateral Commitment

Haeringer, Guillaume; Bade, Sophie; Renou, Ludovic - 2006

(i.e., step by step commitment) does not change the set of implementable profiles. …

Persistent link: https://www.econbiz.de/10010312258

Saving Rate Dynamics in the Neoclassical Growth Model: Hyperbolic Discounting and Observational Equivalence

Farzin, Y. Hossein; Wendner, Ronald - 2013

The standard neoclassical growth model with Cobb-Douglas production predicts a monotonically declining saving rate, when reasonably calibrated. Ample empirical evidence, however, shows that the transition path of a country's saving rate exhibits a rising or non-monotonic pattern. In important...

Persistent link: https://www.econbiz.de/10010313216

Flexible waste management under uncertainty

Di Corato, Luca; Montinari, Natalia - 2013

In this paper, we use stochastic dynamic programming to model the choice of a municipality which has to design an optimal waste management program under uncertainty about the price of recyclables in the secondary market. The municipality can, by undertaking an irreversible investment, adopt a...

Persistent link: https://www.econbiz.de/10010294289

Vertical integration and operational flexibility

Moretto, Michele; Rossini, Gianpaolo - 2008

The main aim of the paper is to highlight the relation between flexibility and vertical integration. To this purpose … dynamic uncertain environment. The enterprise we model enjoys flexibility since it can switch from a certain amount of … produce all inputs even when it buys them in the market. This sort of flexibility makes for results which are somehow contrary …

Persistent link: https://www.econbiz.de/10010331069

Benefits & costs of Kyoto

Shogren, Jason - 1999

The 1998 Kyoto protocol signalled a new earnestness of international intent toward addressing the perceived risk of climate change. Kyoto demands that developed nations turn their economies so as to hit differentiated, sub-1990 level carbon emission targets within the next decade or so. But when...

Persistent link: https://www.econbiz.de/10011608508

Investing in biogas: Timing, technological choice and the value of flexibility from inputs mix

Di Corato, Luca; Moretto, Michele - 2009

flexible technology allowing for such option. Investment is irreversible and flexibility is costly. The problem is solved …

Persistent link: https://www.econbiz.de/10010279412

1
2
3
4
5
6
7
8
9
Next
Last