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The social rate of discount is a crucial driver of the social cost of carbon (SCC), i.e. the expected present discounted value of marginal damages resulting from emitting one ton of carbon today. Policy makers should set carbon prices to the SCC using a carbon tax or a competitive permits...
Persistent link: https://www.econbiz.de/10012249287
This paper presents a new approach to study the optimal rotation policy with amenity valuation under uncertainty. We first postulate the stochastic forest value and assume plausibly that monetary value of amenities is a continuous and non-negative function of forest value thus presenting the...
Persistent link: https://www.econbiz.de/10001737592
Persistent link: https://www.econbiz.de/10001730119
This paper presents a new approach to study the optimal rotation policy with amenity valuation under uncertainty. We first postulate the stochastic forest value and assume plausibly that monetary value of amenities is a continuous and non-negative function of forest value thus presenting the...
Persistent link: https://www.econbiz.de/10011514169
Persistent link: https://www.econbiz.de/10012266600
Persistent link: https://www.econbiz.de/10003921379
; experiment …
Persistent link: https://www.econbiz.de/10003923092
; experiment …-Märkten. Im Einklang mit der ökonomischen Theorie sind Firmen ohne Marktmacht in der Lage, einen großen Anteil der Last einer … Käufern, da reale Käufer im Experiment das Preissetzungsverhalten des Monopolisten einschränken. …
Persistent link: https://www.econbiz.de/10009409129
Persistent link: https://www.econbiz.de/10008933814
We study endogenous group formation in tournaments employing experimental three-player contests. We find that players in endogenously formed alliances cope better with the moral hazard problem in groups than players who are forced into an alliance. Also, players who are committed to expending...
Persistent link: https://www.econbiz.de/10010198496