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introduce a new adjustment channel related to employment changes, which is qualitatively different from price and behavioural … for other coal-producing countries, such as South Africa, Germany, or Australia. …
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We study optimal climate policy in a global economy where regions differ in wealth and climate vulnerability. Carbon emissions from production lead to output losses, and there is a technology for emissions absorption. We provide an aggregation result: the model with heterogeneity can be cast...
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Carbon pricing is the efficient instrument to reduce emissions. However, the geographical and sectoral coverage of substantial carbon pricing is low, often due to concerns that pricing may increase economic inequality. Regulatory standards such as fuel economy standards are more popular. But do...
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Germany and the Eastern European Union region (EEU) are significantly lower than in the rest of the EU regions. (ii) The … carbon price in the emission permit market covering NEIT is significantly higher than the carbon price in the emission permit … market covering EITE. (iii) Germany and EEU appear as notable suppliers of emission permits in both markets. (iv) There is a …
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green projects and that they do so because they are sensitive to their rm's stock price. We present a signaling model in …-industry differences in the stock-price sensitivity of managers' pay and in stock share turnover, and cross-country variations in effective …
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