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We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk, regional governments choose among adaptation measures that vary with respect to their costs, the level of protection they offer, and the presence and nature of spillovers to...
Persistent link: https://www.econbiz.de/10011615937
We analyse a principal-agent relationship in the context of international climate policy. Principals in two countries first decide whether to merge domestic emission permit markets to an international market, then delegate the domestic permit supply to an agent. We find that principals select...
Persistent link: https://www.econbiz.de/10011685912
agreement and then decide on emissions by a strategic delegation stage. In the weak delegation game, principals first decide … emissions. In countries not joining the IEA, agents choose emissions to maximize their own payoff, while agents of countries … joining the IEA set emissions to internalize some exogenously given fraction of the externalities that own emissions cause on …
Persistent link: https://www.econbiz.de/10012425675
agreement and then decide on emissions by a strategic delegation stage. In the weak delegation game, principals first decide … emissions. In countries not joining the IEA, agents choose emissions to maximize their own payoff, while agents of countries … joining the IEA set emissions to internalize some exogenously given fraction of the externalities that own emissions cause on …
Persistent link: https://www.econbiz.de/10012623112
in South is that this results in decreasing equilibrium emissions of South. I find that this can only happen if the …
Persistent link: https://www.econbiz.de/10014290281
We analyse a principal-agent relationship in the context of international climate policy. Principals in two countries first decide whether to merge domestic emission permit markets to an international market, then delegate the domestic permit supply to an agent. We find that principals select...
Persistent link: https://www.econbiz.de/10011698682
in South is that this results in decreasing equilibrium emissions of South. I find that this can only happen if the …
Persistent link: https://www.econbiz.de/10014374548
We analyse a principal-agent relationship in the context of international climate policy. Principals in two countries first decide whether to merge domestic emission permit markets to an international market, then delegate the domestic permit supply to an agent. We find that principals select...
Persistent link: https://www.econbiz.de/10012952128
We analyse a principal-agent relationship in the context of international climate policy. Principals in two countries first decide whether to merge domestic emission permit markets to an international market, then delegate the domestic permit supply to an agent. We find that principals select...
Persistent link: https://www.econbiz.de/10012952407
We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk, regional governments choose among adaptation measures that vary with respect to their costs, the level of protection they offer, and the presence and nature of spillovers to...
Persistent link: https://www.econbiz.de/10012960103