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Incorporating fairness motives into the impulse balance equilibrium and quantal response equilibrium concepts: An application to 2x2 games

Tavoni, Alessandro - 2009

Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...

Persistent link: https://www.econbiz.de/10010279402

Equity and justice in global warming policy

Kverndokk, Snorre; Rose, Adam - 2008

Many countries are implementing or at least considering policies to counter increasingly certain negative impacts from climate change. An increasing amount of research has been devoted to the analysis of the costs of climate change and its mitigation, as well as to the design of policies, such...

Persistent link: https://www.econbiz.de/10010279392

Precautionary Effect and Variations of the Value of Information

Gilotte, Laurent; de Lara, Michel - 2005

For a sequential, two-period decision problem with uncertainty and under broad conditions (non-finite sample set, endogenous risk, active learning and stochastic dynamics), a general sufficient condition is provided to compare the optimal initial decisions with or without information arrival in...

Persistent link: https://www.econbiz.de/10010312368

Accounting for Uncertainty Affecting Technical Change in an Economic-Climate Model

Bosetti, Valentina; Drouet, Laurent - 2005

The key role of technological change in the decline of energy and carbon intensities of aggregate economic activities is widely recognized. This has focused attention on the issue of developing endogenous models for the evolution of technological change. With a few exceptions this is done using...

Persistent link: https://www.econbiz.de/10010312524

Carbon Capture and Sequestration: How Much Does this Uncertain Option Affect Near-Term Policy Choices?

Bosetti, Valentina; Gilotte, Laurent - 2005

One of the main issues in the climate policy agenda, the timing of abatement efforts, hinges on the uncertainties of climate change risks and technological evolution. We use a stochastic optimization framework and jointly explore these two features. First, we embed in the model future potential...

Persistent link: https://www.econbiz.de/10010312537

The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles

Buchner, Barbara K.; Carraro, Carlo; Ellerman, A. Denny - 2006

This paper is the concluding chapter of Rights, Rents and Fairness: Allocation in the European Emissions Trading Scheme …

Persistent link: https://www.econbiz.de/10010312262

Redistribution effects of energy and climate policy: The electricity market

Hirth, Lion; Ueckerdt, Falko - 2012

policies redistribute wealth between consumers and producers, and within these groups. While redistribution is seldom the focus … the redistribution effects of two major electricity policies: support schemes for renewable energy sources, and CO2 … pricing. We find that the redistribution effects of both policies are large, and they work in opposed directions: while …

Persistent link: https://www.econbiz.de/10010294320

A Public Finance Perspective on Climate Policy: Six Interactions That May Enhance Welfare

Siegmeier, Jan; Mattauch, Linus; Franks, Max; Klenert, David - 2015

Climate change economics mostly neglects sizeable interactions of carbon pricing with other fiscal policy instruments. Conversely, public finance typically overlooks the effects of future decarbonization efforts when devising instruments for the major goals of fiscal policy. We argue that such a...

Persistent link: https://www.econbiz.de/10011307275

Bioenergy and CO2 sequestration: Climate policies beyond technological constraints

Bibas, Ruben; Méjean, Aurélie - 2012

This paper examines the role of electricity production from biomass with and without carbon capture and storage in sustaining low CO2 emission pathways to 2100. It quantifies the effect of the availability of biomass resources and technologies within a general equilibrium framework. Biomass-fed...

Persistent link: https://www.econbiz.de/10010294347

Crossing the River by Feeling the Stones: The Case of Carbon Trading in China

Zhang, ZhongXiang - 2015

Putting a price on carbon is considered a crucial step for China's endeavor of harnessing the market forces to reduce its energy consumption and carbon emissions. Indeed, aligned with China's grand experiment with low-carbon provinces and low-carbon cities in six provinces and thirty-six cities,...

Persistent link: https://www.econbiz.de/10011307252

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