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The rise and fall of the Great Fish Pact under endogenous risk of stock collapse
Walker, Adam N.; Weikard, Hans-Peter; Richter, Andries - 2015
Risk of stock collapse is a genuine motivation for cooperative fisheries management. We analyse the effect of an endogenously determined risk of stock collapse on the incentives to cooperate in a Great Fish War model. We establish that equilibrium harvest strategies are non-linear in stock and...
Persistent link: https://www.econbiz.de/10011287058
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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/10010508515
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Environmental catastrophes under time-inconsistent preferences
Michielsen, Thomas - 2013
I analyze optimal natural resource use in an intergenerational model with the risk of a catastrophe. Each generation maximizes a weighted sum of discounted utility (positive) and the probability that a catastrophe will occur at any point in the future (negative). The model generates time-...
Persistent link: https://www.econbiz.de/10009757402
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Recalculating the social cost of carbon
Shayegh, Soheil; Bosetti, Valentina; Dietz, Simon; … - 2018
climate change, economy, and climate policies. The limitations of these models in capturing uncertainty in climate parameters … targets emerging from the Paris Agreement and the uncertainty about the signatories' commitment to Nationally Determined …. Here we focus on the areas where IAMs can be deployed to asses uncertainty and risk management, learning, and regional …
Persistent link: https://www.econbiz.de/10011850330
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Competition and irreversible investments under uncertainty
Moretto, Michele - 2003
This paper examines the effect of competition on the irreversible investment decisions under uncertainty as a …
Persistent link: https://www.econbiz.de/10011591153
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Dynamic price competition with price adjustment costs and product differentiation
Vernasca, Gianluigi - 2003
We study a discrete time dynamic game of price competition with spatially differentiated products and price adjustment costs. We characterise the Markov perfect and the open-loop equilibrium of our game. We find that in the steady state Markov perfect equilibrium, given the presence of...
Persistent link: https://www.econbiz.de/10011593786
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REDD and international organizations
Giannini, Valentina - 2010
Climate change mitigation can be achieved, according to many, by means of Reducing emissions from deforestation and forest degradation in the Tropics (REDD). Within the climate change policy debate we thus find discussions on how to reduce GHG emissions by designing appropriate REDD programmes...
Persistent link: https://www.econbiz.de/10008780425
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Afforestation and timber management compliance strategies in climate policy : a computable general equilibrium analysis
Michetti, Melania; Nunes Rosa, Renato - 2011
This paper analyzes the role of afforestation-reforestation and timber management activities, and their major and secondary economic effects in stabilizing climate during the first commitment period of the Kyoto Protocol. In particular, with a Computable General Equilibrium framework, the ICES...
Persistent link: https://www.econbiz.de/10008798038
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Economic valuation of forest ecosystem services : methodology and monetary estimates
Chiabai, Aline; Travisi, C. M.; Ding, H.; Markandya, A.; … - 2009
By using ad hoc value transfer protocols, this paper offers a methodological contribution and provides accurate per hectare estimates of the economic value of some selected ecosystem services for all forest biomes in the world, identified following the Millennium Ecosystem Assessment taxonomy...
Persistent link: https://www.econbiz.de/10008809695
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North/South contractual design through the REDD+ scheme
Chiroleu-Assouline, Mireille; Poudou, Jean-Christophe; … - 2012
In this paper we aim at theoretically grounding the Reducing Emissions from Deforestation and Forest Degradation + (REDD+) scheme as a contractual relationship between countries in the light of the theory of incentives. Considering incomplete information about reference levels of deforestation...
Persistent link: https://www.econbiz.de/10009687443