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Building uncertainty into the adaptation cost estimation in integrated assessment models

Markandya, Anil; De Cian, Enrica; Drouet, Laurent; … - 2016

premium into the model, results show a substantial increase in both mitigation and adaptation, reflecting a more conservative … attitude by the social planner. Interestingly, adaptation is stimulated more than mitigation in the first half of the century …, while the situation reverses afterwards. Over the century, the risk premium correction fosters more mitigation, which …

Persistent link: https://www.econbiz.de/10011451668

Bidding among friends and enemies

Ettinger, David - 2003

We consider an auction setting in which potential buyers, even if they fail to obtain the good, care about the price paid by the winner. We study the impact of these price-externalities on the first-price auction and the second-price auction in a symmetric information framework. First, we...

Persistent link: https://www.econbiz.de/10011591224

Reaping the carbon rent : abatement and overallocation profits in the European cement industry, insights from an LMDI decomposition analysis

Branger, Frédéric; Quirion, Philippe - 2014

We analyse variations of carbon emissions in the European cement industry from 1990 to 2011, at the European level (EU 27), and at the national level for six major producers (Germany, France, Spain, United Kingdom, Italy and Poland). We apply a Log-Mean Divisia Index (LMDI) method, crossing data...

Persistent link: https://www.econbiz.de/10010404130

The European Emissions Trading System (EU ETS) : ex-post analysis, the market stability reserve and options for a comprehensive reform

Knopf, Brigitte; Koch, Nikolas; Grosjean, Godefroy; … - 2014

The central pillar of European climate policy, the European Emissions Trading System (EU ETS), is currently under scrutiny, as the allowance price is persistently low at around 5€/tCO2. The cap was met and emissions actually declined in recent years, ensuring the environmental effectiveness of...

Persistent link: https://www.econbiz.de/10010413627

EU ETS facets in the net : how account types influence the structure of the system

Borghesi, Simone; Flori, Andrea - 2016

In this work, we investigate which countries have been more central during Phases I and II of the European Emission Trading Scheme (EU ETS) with respect to the different types of accounts operating in the system. We borrow a set of centrality measures from Network Theory's tools to describe how...

Persistent link: https://www.econbiz.de/10011451494

What drives the European carbon market? : macroeconomic factors and forecasts

Bastianin, Andrea; Mirto, Elisabetta; Qin, Yan; … - 2024

Putting a price on carbon - with taxes or developing carbon markets - is a widely used policy measure to achieve the target of net-zero emissions by 2050. This paper tackles the issue of producing point, direction-of-change, and density forecasts for the monthly real price of carbon within the...

Persistent link: https://www.econbiz.de/10014470036

The impact of the European carbon market on firm productivity : evidence from Italian manufacturing firms

D'Arcangelo, Filippo Maria; Pavan, Giulia; Calligaris, Sara - 2022

The European Union Emissions Trading System has raised concerns about possible detrimental effects on firms production through an increase in polluting costs, unless firms change inputs or increase the efficiency in the way they produce. We provide evidence of the causal impact of this policy on...

Persistent link: https://www.econbiz.de/10013361269

Environmental policy and investment location : the risk of carbon leakage in the EU ETS

D'Arcangelo, Filippo Maria; Galeotti, Marzio - 2022

This paper empirically investigates the effect of the European Emission Trading Scheme (EU ETS) on cross-country investments. To avoid carbon leakage, the scheme allocates a number of free allowances to firms at risk of relocating investments in areas outside the EU ETS. To study this problem,...

Persistent link: https://www.econbiz.de/10013438492

The Tax Treatment of Interest Expenditures of Multinational Enterprises

Ossokina, Joulia; Vollebergh, Herman - 2000

This paper analyses the national tax treatment of interestexpenditures of multinational enterprises in a non-cooperative world. It is shown that the international tax systemgenerally leads to distortions in the capitaldecisions of multinational firms. In contrast to the existingliterature on the...

Persistent link: https://www.econbiz.de/10010324610

Do Immigrants Affect Firm-Specific Wages?

Malchow-Møller, Nikolaj; Munch, Jakob Roland; Rose … - 2009

In this paper, we propose and test a novel effect of immigration on the wages of native workers. Existing studies have focused on the wage effects that result from changes in the aggregate labour supply in a competitive labour market. We argue that if labour markets are not fully competitive,...

Persistent link: https://www.econbiz.de/10012142354

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