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A stationary equilibrium model of green technology adoption with endogenous carbon price
Dammann, Felix; Ferrari, Giorgio - 2024
This paper proposes and analyzes a stationary equilibrium model for a competitive industry which endogenously determines the carbon price necessary to achieve a given emission target. In the model, firms are identified by their level of technology and make production, entry, and abatement...
Persistent link: https://www.econbiz.de/10014494914
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A factor risk model with reference returns for the US dollar and Japanese yen bond markets
Bernadell, Carlos; Coche, Joachim; Nyholm, Ken - 2006
Japanese yen bond markets. The reference returns result from a regime-switching Nelson-Siegel yield curve model following …
Persistent link: https://www.econbiz.de/10011604687
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Pathways to European greenhouse gas emissions trading history and misconceptions
Zapfel, Peter; Vainio, Matti - 2002
We develop and discuss the three pathways to European Greenhouse Gas Emissions Trading: a top-down scheme based on the Kyoto Protocol of the UNFCCC, a bottom-up scheme linking national trading systems of EU Member States, and an EU-wide regional scheme based on the founding principles of the...
Persistent link: https://www.econbiz.de/10011335756
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Efficiency, compensation, and discrimination: What is at stake when implementing the EU emissions trading scheme?
Böhringer, Christoph; Lange, Andreas - 2004
In 2005, an EU-wide emissions trading scheme covering major CO2 producing sites shall come into power. The key objective of the trading scheme is to promote cost-efficiency of carbon reduction within the EU. We identify policy-relevant tradeoffs between overall efficiency, compensation and...
Persistent link: https://www.econbiz.de/10011422110
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Carbon emissions trading and equity in international agreements
Bosello, Francesco; Roson, Roberto - 1999
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
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E3 Impacts of Domestic Emissions Trading Regimes in Liberalised Energy Markets. Carbon Leakage or Double Dividend?
Kletzan, Daniela; Köppl, Angela; Kratena, Kurt - 2002
Persistent link: https://www.econbiz.de/10011435100
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ETCLIP - The Challenge of the European Carbon Market: Emission Trading, Carbon Leakage and Instruments to Stabilise the CO2 Price. Implications of Linking on Leakage
Türk, Andreas - 2011
After the climate conferences in Copenhagen and Cancun, it is likely that the EU remains more ambitious regarding greenhouse gas reduction targets than other countries. The possible problem of carbon leakage and instruments to tackle it therefore remains an important issue in the European...
Persistent link: https://www.econbiz.de/10011435341
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How to Avoid a Hedging Bias
Dudenhausen, Antje - 2002
in discrete time. Therefore, the hedging bias which originates from the effects of time-discretising strategies is … analysed. It turns out that a systematic hedging bias can only be avoided if a discrete-time hedging model is used. It is shown … how the robustness property for convex payoffs is recovered while at the same time the hedging bias is avoided. …
Persistent link: https://www.econbiz.de/10010263078
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Scenarios and Options for Productivity Growth in Philippine Agriculture: An Application of the Agricultural Multimarket Model for Policy Evaluation (AMPLE)
Briones, Roehlano M. - 2010
Sustaining and accelerating agricultural growth remains a development imperative in view of persistent rural poverty and emerging threats to food security. While growth can be achieved by expansion of agricultural area and input intensification, growth through improvement in productivity is a...
Persistent link: https://www.econbiz.de/10011421179
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Operational risk - scenario analysis
Rippel, Milan; Teplý, Petr - 2008
Operational risk management and measurement has been paid an increasing attention in last years. The main two reasons are the Basel II requirements that were to be complied with by all international active financial institutions by the end of 2006 and recent severe operational risk loss events....
Persistent link: https://www.econbiz.de/10010322209