In the context of energy security and climate protection, biomass is given high importance. Nevertheless, land-use conflicts resulting from the cultivation of biomass and their economy-wide effects are yet to be fully understood. To shed light on this issue we link three distinctive models; a...

In den letzten Jahren hat sich die Bioenergieproduktion rasant entwickelt, so dass man mittlerweile von einem "Bioenergieboom" sprechen kann (WBGU 2008: 1). Maßgeblich unterstützt wurde dieser Trend hierzulande durch die starke politische Förderung von Bioenergie sowohl von Seiten der...

In the past years biofuels have received increased attention since they were believed to contribute to rural development, energy security and to fight global warming. It became also clear, though, that bioenergy cannot be evaluated independently of the rest of the economy and that national and...

Biofuels and other forms of bioenergy have received increased attention in recent times: They have partly been acclaimed as an instrument to contribute to rural development, energy security and to fight global warming but have been increasingly come under attack for their potential to contribute...

In the context of energy security and climate protection, biomass is given high importance. Nevertheless, land-use conflicts resulting from the cultivation of biomass and their economy-wide effects are yet to be fully understood. To shed light on this issue we link three distinctive models; a...

Vor dem Hintergrund des Klimawandels und der Endlichkeit fossiler Ressourcen steht eine Vielzahl regionaler Landnutzungsentscheidungen an. Hierbei sind unterschiedlichste landwirtschaftliche und forstwirtschaftliche Konfliktfelder zwischen Produzenten, Stakeholdern und der regionalen Governance...

The efficient rate of return of a zero-coupon bond with maturity t is determined by our expectations about the mean (+), variance (-) and skewness (+) of the growth of aggregate consumption between 0 and t. The shape of the yield curve is thus determined by how these moments vary with t. We...

Weitzman (1998) showed that when future interest rates are uncertain, using the expected net present value implies a term structure of discount rates that is decreasing to the smallest possible interest rate. On the contrary, using the expected net future value criterion implies an increasing...

It is not immediately clear how to discount distant-future events, like climate change, when the distant-future discount rate itself is uncertain. The so-called Weitzman-Gollier puzzle is the fact that two seemingly symmetric and equally plausible ways of dealing with uncertain future discount...