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Social Capital and the Social Evaluation of Investments
Jenkins, Glenn P.; Jenkins, Hatice P. - 2002
welfare of other members of the community. If an investment project is undertaken that causes the poorer members of society to … develops a theoretical framework for the evaluation of the basic needs externality created by the investment. It then applies …
Persistent link: https://www.econbiz.de/10014118446
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The Vulnerability Paradox : Is Overinvestment in Reliability Luring or Should We Invest More and More?
de Nooij, Michiel - 2015
infrastructures like electricity and information and communication technology (the vulnerability paradox), sometimes people conclude …
Persistent link: https://www.econbiz.de/10013017692
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Production or transmission investments? : a comparative study
Blazquez de Paz, Mario - 2017 - This version: March 10, 2017
production capacity. In a zonal pricing electricity market, the one proposed by the European Commission to integrate the European … electricity markets, I analyze the effects that investments in transmission and production capacity have on consumer welfare and … suppliers' profits. In the specific setting of this paper, I show that when the competition is perfect, an investment in …
Persistent link: https://www.econbiz.de/10011633664
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Endogenous technological change in power markets
Mier, Mathias; Adelowo, Jacqueline; Azarova, Valeriya - 2022
Decarbonization requires the transformation of power markets towards renewable energies and investment costs are …-integer programming to approximate non-linear investment costs. We consider European learning, regional learning, and three different ways …
Persistent link: https://www.econbiz.de/10013272914
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Taxation of carbon emissions with social and private discount rates
Mier, Mathias; Adelowo, Jacqueline - 2022
Energy system and power market models refrain from distinguishing between private and social discount rates. We devise a strategy to account for diverging private and social discount rates in intertemporal optimization frameworks, resulting in an optimal carbon tax above the marginal damage when...
Persistent link: https://www.econbiz.de/10013329795
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Complementary taxation of carbon emissions and local air pollution
Mier, Mathias; Adelowo, Jacqueline; Weissbart, Christoph - 2022
Current decarbonization policies neglect damages from local air pollutants. We analyze the trade-off between complementary taxation of carbon emissions and local air pollution. We quantify results for the European power market until 2050. Taxing only air pollution results in social cost of 5,890...
Persistent link: https://www.econbiz.de/10013329808
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Altruism and egoism: Measurable by utility discount rates?
Bayer, Stefan - 2000
Persistent link: https://www.econbiz.de/10010305024
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Public investment as commitment
Gerlagh, Reyer; Liski, Matti - 2011
Should public assets such as infrastructure, education, and the environment earn the same return as private investments? The long-term nature of public investments provides commitment to current preferences, which justifies lower than private returns for time-inconsistent decision markers. An...
Persistent link: https://www.econbiz.de/10010274884
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Why uncertainty matters: Discounting under intertemporal risk aversion and ambiguity
Traeger, Christian - 2012
Uncertainty has an almost negligible impact on project value in the economic standard model. I show that a comprehensive evaluation of uncertainty and uncertainty attitude changes this picture fundamentally. The analysis relies on the discount rate, which is the crucial determinant in balancing...
Persistent link: https://www.econbiz.de/10010280817
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Carbon prices for the next thousand years
Gerlagh, Reyer; Liski, Matti - 2012
Climate is a persistent asset, bar none: changes in climate-related stocks have consequences spanning over centuries or possibly millennia to the future. To reconcile the discounting of such far-distant impacts and realism of the shorter-term decisions, we consider hyperbolic time-preferences in...
Persistent link: https://www.econbiz.de/10010283621