Showing 1 - 10 of 36
In a general equilibrium model, international lending through a non-sovereign financial intermediary (a banking system) to a sovereign borrower is analyzed. Under very pessimistic assumptions, including a principal-agency type of incentive to load future intermediation with certain bancrupcy for...
Persistent link: https://www.econbiz.de/10009726837
Persistent link: https://www.econbiz.de/10013387844
Persistent link: https://www.econbiz.de/10001169482
The DART model is a multi-sectoral, multi-regional dynamic computable general equilibrium model of the world developed for the analysis of international climate policies. Since the first version of DART was developed at the Kiel Institute for World Economics in 1998, the model has undergone a...
Persistent link: https://www.econbiz.de/10001748400
Persistent link: https://www.econbiz.de/10001748968
Persistent link: https://www.econbiz.de/10001749100
Persistent link: https://www.econbiz.de/10001725506
The objective of this paper is to assess the likely allocation effects of the current cli-mate protection strategy as it is laid out in the National Allocation Plans (NAPs) for the European Emissions Trading Scheme (ETS). The multi-regional, multi-sectoral CGE-model DART is used to simulate the...
Persistent link: https://www.econbiz.de/10002603126
Marginal abatement cost curves (MACCs) are one of the favorite instruments to analyze the impacts of the implementation of the Kyoto Protocol and emissions trading. As shown in this paper one important factor that influences MACCs are energy prices. This leads to the question of how to define...
Persistent link: https://www.econbiz.de/10002498394
Persistent link: https://www.econbiz.de/10002347440