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Reihe: Industrieökonomik • Band 7 Herausgegeben von Prof. Dr. Frank C. Englmann, Stuttgart, Prof. Dr. Mathias Erlei, Clausthal, Prof. Dr. Ulrich Schwalbe, Hohenheim, und Prof. Dr. Bernd Woeckener, Stuttgart Dr....
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We build a general equilibrium model to study how climate transition risks affect energy prices and the valuations of different firms in the energy sector. We consider two types of fossil fuel firms: incumbents that have developed oil reserves they can extract today or tomorrow, and new entrants...
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