Similar Search Results

Climate Policy and the Optimal Extraction of High- and Low-Carbon Fossil Fuels

van der Werf, Edwin; Smulders, Sjak - 2007

We study how restricting CO2 emissions affects resource prices and depletion over time. We use a Hotelling-style model with two non-renewable fossil fuels that differ in their carbon content (e.g. coal and natural gas) and in addition are imperfect substitutes in final good production. We show...

Persistent link: https://www.econbiz.de/10010312281

Climate Policy and the Optimal Extraction of High- and Low-Carbon Fossil Fuels

Smulders, Sjak - 2013

We study how restricting CO2 emissions affects resource prices and depletion over time. We use a Hotelling-style model with two nonrenewable fossil fuels that differ in their carbon content (e.g., coal and natural gas) and that are imperfect substitutes in final good production. We study both an...

Persistent link: https://www.econbiz.de/10012711842

Climate Policy and the Optimal Extraction of High- and Low-Carbon Fossil Fuels

van der Werf, Edwin; Smulders, Sjak - 2013

Persistent link: https://www.econbiz.de/10014224480

Climate policy and the optimal extraction of high- and low-carbon fossil fuels

Smulders, Sjak; Werf, Edwin van der - In: Canadian Journal of Economics 41 (2008) 4, pp. 1421-1444

flow-constraint may substitute towards the relatively dirty input. As the economy tries to maximize output per unit of emissions it is not only carbon content that matters: productivity matters as well. With an announced constraint the economy first substitutes towards the less productive input...

Persistent link: https://www.econbiz.de/10005604716

Climate Policy and the Optimal Extraction of High- and Low-Carbon Fossil Fuels

Werf, Edwin van der; Smulders, Sjak - Fondazione ENI Enrico Mattei (FEEM) - 2007

Persistent link: https://www.econbiz.de/10005230937

Climate Policy and the Optimal Extraction of High- and Low-Carbon Fossil Fuels

Smulders, Sjak; van der Werf, E.H. - Tilburg University, Center for Economic Research - 2005

We study how restricting CO2 emissions affcts resource prices and depletion over time.We use a Hotelling-style model with two nonrenewable fossil fuels that differ in their carbon content (e.g. coal and natural gas) and that are imperfect substitutes in final good production.We study both an...

Persistent link: https://www.econbiz.de/10011091605

Announcing climate policy: Can a green paradox arise without scarcity?

Smulders, Sjak; Tsur, Yacov; Zemel, Amos - 2010

Unintended consequences of a pre-announced climate policy have been studied in a variety of situations. We show that early announcement of a carbon tax gives rise to a 'Green-Paradox', in that it increases polluting emissions in the interim period (between announcement and actual...

Persistent link: https://www.econbiz.de/10010274769

Fueling growth when oil peaks: Directed technological change and the limits to efficiency

André, Francisco J.; Smulders, Sjak - 2012

Persistent link: https://www.econbiz.de/10010289359

Announcing climate policy : can a green paradox arise without scarcity?

Smulders, Sjak; Tsur, Yaʿaḳov; Zemel, Amos - 2010

Unintended consequences of a pre-announced climate policy have been studied in a variety of situations. We show that early announcement of a carbon tax gives rise to a "Green-Paradox", in that it increases polluting emissions in the interim period (between announcement and actual...

Persistent link: https://www.econbiz.de/10008808232

Fueling growth when oil peaks : directed technological change and the limits to efficiency

Jarque Andrés, Francisco; Smulders, Sjak - 2012

scarcity could cast its shadow on world economic growth soon if energy markets are forward looking. We develop an endogenous … growth model that reconciles the current aggregate trends in energy use and productivity growth with the intertemporal … sustainable. We highlight the role of extraction costs in mining. -- non-renewable resources ; energy ; economic growth …

Persistent link: https://www.econbiz.de/10009659333