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Prospect theory, mitigation and adaptation to climate change
Osberghaus, Daniel - 2013
stimulate efficient adaptation and mitigation should not exclusively rely on the assumption of the homo oeconomicus, but take … outcomes. This paper systematically reviews what prospect theory can offer to analyse mitigation and adaptation. It is shown …-known puzzles in the climate debate, including (but not limited to) the different uptake of mitigation and adaptation amongst …
Persistent link: https://www.econbiz.de/10010327236
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Prospect theory, mitigation and adaptation to climate change
Osberghaus, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
stimulate efficient adaptation and mitigation should not exclusively rely on the assumption of the homo oeconomicus, but take … outcomes. This paper systematically reviews what prospect theory can offer to analyse mitigation and adaptation. It is shown …-known puzzles in the climate debate, including (but not limited to) the different uptake of mitigation and adaptation amongst …
Persistent link: https://www.econbiz.de/10010957764
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Economic Implications of Alternative Allocation Schemes for Emission Allowances: A Theoretical and Applied Analysis
Böhringer, Christoph; Lange, Andreas - 2003
Political feasibility of emission trading systems may crucially depend on the free initial allocation of emission allowances to energy-intensive industries in order to ameliorate adverse production and employment effects. We investigate the potential trade-off between such compensation and...
Persistent link: https://www.econbiz.de/10010297282
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The Role of Transaction Costs and Risk Premia in the Determination of Climate Change Policy Responses
Stronzik, Marcus; Hunt, Alistair; Eckermann, Frauke; … - 2003
Transaction costs and risk have generally not been taken into account in assessing the Kyoto mechanisms JI, CDM and emissions trading. However, they can have a significant influence. With regard to the project-based mechanisms, the factor that most determines the influence of transaction costs...
Persistent link: https://www.econbiz.de/10010297308
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Efficiency, Compensation, and Discrimination: What is at Stake When Implementing the EU Emissions Trading Scheme?
Böhringer, Christoph; Lange, Andreas - 2003
In 2005, an EU-wide emissions trading scheme covering major CO2 producing sites shall come into power. The key objective of the trading scheme is to promote cost-efficiency of carbon reduction within the EU. We identify policy-relevant tradeoffs between overall efficiency, compensation and...
Persistent link: https://www.econbiz.de/10010297339
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Mission Impossible!? On the Harmonization of National Allocation Plans under the EU Emissions Trading Directive
Böhringer, Christoph; Lange, Andreas - 2004
Starting in 2005, the EU will implement a CO2 emissions trading scheme. In this paper we show that the outspoken goals of economic efficiency and free allocation of allowances are incompatible with harmonized allocation rules. In general, the assignment of allowances is endogenous and differs...
Persistent link: https://www.econbiz.de/10010297344
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Assessing Emission Allocation in Europe: An Interactive Simulation Approach
Löschel, Andreas; Lange, Andreas; Hoffmann, Tim; … - 2004
Implementation of an EU-wide emissions trading system by means of National Allocation Plans is at the core of European environmental policy agenda. Member States are faced with the problem of allocating their national emission budgets under the EU Burden Sharing Agreement between...
Persistent link: https://www.econbiz.de/10010297365
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The Efficiency Costs of Separating Carbon Markets Under the EU Emissions Trading Scheme: A Quantitative Assessment for Germany
Böhringer, Christoph; Hoffmann, Tim; de Lara Peñate, … - 2005
From 1 January 2005 onwards the European Union has launched the first largescale international carbon emissions trading program. As the EU Emissions Trading Scheme (EU-ETS) covers only part of domestic carbon emissions, it implies a hybrid environmental regulation scheme: Each EU Member State...
Persistent link: https://www.econbiz.de/10010297416
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Efficiency Losses from Overlapping Economic Instruments in European Carbon Emissions Regulation
Böhringer, Christoph; Koschel, Henrike; Moslener, Ulf - 2006
Energy markets and energy-intensive industries in all EU member states – especially in Germany – are subject to a diverse set of policies related to climate change. We analyse the potential efficiency losses from simultaneous application of emission taxes and emissions trading in qualitative...
Persistent link: https://www.econbiz.de/10010297526
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C & C - contraction and convergence of carbon emissions: the economic implications of permit trading
Böhringer, Christoph; Welsch, Heinz - 1999
In the context of climate protection policy it has been suggested that global CO2 emissions should be reduced significantly (contraction) and that per capita emissions should gradually be equalized across countries (convergence). This paper uses a dynamic multi-region computable general...
Persistent link: https://www.econbiz.de/10010297615