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Germany intends to reach climate neutrality in 2045, tripling the speed of emission reductions that was achieved between 1990 and 2019. Soaring energy prices and the need to replace Russian energy imports have amplified the urgency to act. Various policy adjustments are needed to ensure...
Persistent link: https://www.econbiz.de/10014435965
classical market theory) is no longer guaranteed; hence, we investigate the nature of non-price competition and how markets … might evolve in its presence. We develop a quality competition model based on matching theory. Equilibria of the quality … predictions of the model. In particular, price controls induce non-price competition between agents both in theory and in the …
Persistent link: https://www.econbiz.de/10012904026
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We study a continuous-time version of the intermediation model of Grossman and Miller (1988). To wit, we solve for the competitive equilibrium prices at which liquidity takers' demands are absorbed by dealers with quadratic inventory costs, who can in turn gradually transfer these positions to...
Persistent link: https://www.econbiz.de/10012914293
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This paper analyses the impact of unilateral climate policy on firms' international location strategies in emission-intensive sectors, when countries differ in terms of market size. The cases of partial and total relocation via foreign direct investment are separately considered. A simple...
Persistent link: https://www.econbiz.de/10013137454
Asymmetric climate policies are expected to distort the level-playing field regarding international trade, singularly to the detriment of small open economies. The paper develops a flexible method that provides essential input regarding the design of offsetting measures. It builds on...
Persistent link: https://www.econbiz.de/10013316128
As climate change augurs longer wildfire seasons, safe, reliable, and competitive energy and communications markets depend on sound infrastructure and well-calibrated regulation. The humble wooden utility pole, first deployed in America in 1844 to extend telegraph service, forms the twenty-first...
Persistent link: https://www.econbiz.de/10014254996
We modify the vertically differentiated duopoly model by André et al. (2009) replacing Bertrand with Cournot behaviour to show that firms may spontaneously adopt a green technology even in the complete absence of any form of regulation.
Persistent link: https://www.econbiz.de/10011734533
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