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The cost-effectiveness of unilateral emission abatement can be seriously hampered by emission leakage. We assess three widely-discussed proposals for leakage reduction targeted at energy-intensive and trade-exposed industries: border tax adjustments, output-based allocation and industry...
Persistent link: https://www.econbiz.de/10009698129
The cost-effectiveness of unilateral emission abatement can be seriously hampered by emission leakage. We assess three widely-discussed proposals for leakage reduction targeted at energy-intensive and trade-exposed industries: border tax adjustments, output-based allocation and industry...
Persistent link: https://www.econbiz.de/10010435678
This paper develops a decomposition algorithm by which a market economy with many households may be solved through the computation of equilibria for a sequence of representative agent economies. The paper examines local and global convergence properties of the sequential recalibration (SR)...
Persistent link: https://www.econbiz.de/10010264688
national self-interest. To do so, we construct a calibrated general equilibrium model that jointly describes the world economy … equilibrium responses play an important role in shaping these outcomes. …
Persistent link: https://www.econbiz.de/10010266884
We investigate the importance of ?what?-flexibility on top of ?where?- and ?when?-flexibility for alternative emission control schemes that prescribe long-term temperature targets and eventually impose additional constraints on the rate of temperature change. We find that ?what?-flexibility...
Persistent link: https://www.econbiz.de/10010297390
between bottom-up energy system models and top-down general equilibrium models for energy policy analysis. Our objective is … complementarity between decision variables and market equilibrium conditions. This permits us to combine bottom-up technological …
Persistent link: https://www.econbiz.de/10010297453
The formulation of market equilibrium problems as mixed complementarity problems (MCP) permits integration of bottom …-up programming models of the energy system into top-down general equilibrium models of the overall economy. Despite the coherence and … formulation that permits a convenient combination of top-down general equilibrium models and bottom-up energy system models for …
Persistent link: https://www.econbiz.de/10010297515
Policy interventions in large open economies do not only affect the allocation of domestic resources but change international market prices. The change in international prices implies an indirect secondary burden or benefit for all trading countries. This secondary terms of trade effect may have...
Persistent link: https://www.econbiz.de/10010297634
which is based on a large-scale computable general equilibrium model for the world economy indicates that spillover effects …
Persistent link: https://www.econbiz.de/10010297672
rationalized on economic grounds. In simulations with a computable general equilibrium model, we calculate optimal policies under …
Persistent link: https://www.econbiz.de/10010298091