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Estimating the response of hours worked to technology shocks is often considered as a crucial step for evaluating the … estimated using a VAR, and retrieve alternative nonfundamental representations of the relation between technology shocks and … conditioning on a technology shock. This result is more robust than the results by Christiano et al. [2004], because it is …
Persistent link: https://www.econbiz.de/10010328611
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the effects of an agreement where the more advanced firm shares its technology with the inferior one. We show that the …
Persistent link: https://www.econbiz.de/10010271093
Energy markets and energy-intensive industries in all EU member states – especially in Germany – are subject to a diverse set of policies related to climate change. We analyse the potential efficiency losses from simultaneous application of emission taxes and emissions trading in qualitative...
Persistent link: https://www.econbiz.de/10010297526
The combination of emissions trading and emissions taxes is usually rejected as redundant or inefficient. This conclusion is based on the restrictive assumption that both policies are exclusively meant to control pollution. However, particularly taxes may pursue a variety of other policy...
Persistent link: https://www.econbiz.de/10010304386
An integrated assessment model is used to simulate the introduction of various emissions trading schemes based on the Kyoto protocol on the reduction of greenhouse emissions. The implications of the various systems in terms of income distribution are illustrated, and it is claimed that the issue...
Persistent link: https://www.econbiz.de/10011608521
The European Union fulfills its emissions reductions commitments by means of an emissions trading scheme covering some part of each member state's economy and by national emissions control in the rest of their economies. The member states also levy energy/emissions taxes overlapping with the...
Persistent link: https://www.econbiz.de/10010264583
This paper examines strategic incentives to subsidize green energy in a group of countries that operates an international carbon emissions trading scheme. Welfare-maximizing national governments have the option to discriminate against energy from fossil fuels by subsidizing green energy,...
Persistent link: https://www.econbiz.de/10010270484
Since the introduction of the European CO2 emissions trading system (EU ETS), the development of CO2 allowance prices is a new risk factor for enterprises taking part in this system. In this paper, we analyze how risk emerging from emissions trading can be considered in the stochastic profit and...
Persistent link: https://www.econbiz.de/10010271411
This paper examines strategic incentives to subsidize green energy in a group of countries that operates an international carbon emissions trading scheme. Welfare-maximizing national governments have the option to discriminate against energy from fossil fuels by subsidizing green energy,...
Persistent link: https://www.econbiz.de/10010271484