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Persistent link: https://www.econbiz.de/10002575916
Both in game theory and in general equilibrium theory there exists a number of universally stable adjustment processes …. In game theory these processes typically serve the role of selecting a Nash equilibrium. Examples are the tracing …
Persistent link: https://www.econbiz.de/10014160968
We are constructing an imperfect competition general equilibrium model, with non-consumable money and labor market; our toolkit is an equilibrium default model of Shubik-Wilson (1978). Our result has an ‘equilibrium volatility' simultaneously occurring at all three markets: labor, goods, and...
Persistent link: https://www.econbiz.de/10012895423
Persistent link: https://www.econbiz.de/10009550574
In this paper, we analyse the effects of a unilateral change in an emissions tax in a model of international trade with heterogeneous firms. We find a positive effect of tighter environmental policy on average productivity in the reforming country through reallocation of labour towards exporting...
Persistent link: https://www.econbiz.de/10012026536
Unilateral carbon policies are inefficient due to the fact that they generally involve emission reductions in countries with high marginal abatement costs and because they are subject to carbon leakage. In this paper, we ask whether the use of carbon tariffs - tariffs on the carbon embodied in...
Persistent link: https://www.econbiz.de/10010211482
This paper develops a mechanism to correct production externalities between several parties, such as externalities motivating environmental policy between countries, using asset ownership. Efficiency can be obtained if each party retains less than the full share of their own gain from resource...
Persistent link: https://www.econbiz.de/10011894676
retaliation predominates and decreases incentives to be a coalition member. In coalitions above the threshold size the effect of …
Persistent link: https://www.econbiz.de/10011724596
Unilateral carbon policies are inefficient due to the fact that they generally involve emission reductions in countries with high marginal abatement costs and because they are subject to carbon leakage. In this paper, we ask whether the use of carbon tariffs — tariffs on the carbon embodied in...
Persistent link: https://www.econbiz.de/10013315684
Persistent link: https://www.econbiz.de/10001509891