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There is a tendency among policy-makers and industry lobbyists toward "specific", "relative" or "output-based" quotas, i.e., freely distributed to firms proportionally to their output. With a stochastic analytical model, we demonstrate that relative quotas are dominated either by absolute quotas...
Persistent link: https://www.econbiz.de/10011325068
There is a tendency among policy-makers and industry lobbyists toward "specific", "relative" or "output-based" quotas, i.e., freely distributed to firms proportionally to their output. With a stochastic analytical model, we demonstrate that relative quotas are dominated either by absolute quotas...
Persistent link: https://www.econbiz.de/10011591303
benefits in the very long run. More specifically, we examine in an expected utility framework how the uncertainty on the growth …
Persistent link: https://www.econbiz.de/10014203185
. What additional economic cost of mitigation measures will this delay imply? At the same time, the uncertainty surrounding … this uncertainty cost? Is there a hedging strategy that decision makers can adopt to cope with delayed action and uncertain … computing the optimal abatement strategy in the presence of uncertainty about a global stabilisation target (which will be …
Persistent link: https://www.econbiz.de/10010264441
Sectoral crediting has been proposed as a way to scale up project-level carbon offset programs, and provide sector-wide incentives for developing countries to reduce greenhouse gas emissions. However, simulations presented here suggest that information asymmetries and large uncertainties in...
Persistent link: https://www.econbiz.de/10014165847
Model uncertainty is inherent in the design of optimal environmental policy. We investigate the consequences in a …
Persistent link: https://www.econbiz.de/10010264084
benefits in the very long run. More specifically, we examine in an expected utility framework how the uncertainty on the growth …
Persistent link: https://www.econbiz.de/10011608349
We discuss the selection of the socially efficient discount rate for public investment projects that entail costs and benefits in the far distant future. We show that the discount rate should be a decreasing function of time horizon under some specific restrictions on the distribution of...
Persistent link: https://www.econbiz.de/10011608551
Persistent link: https://www.econbiz.de/10001772480
of a carbon price, the availability of storage technology, and uncertainty in the main parameters used in the model …
Persistent link: https://www.econbiz.de/10014218963