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Limit pricing, climate policies, and imperfect substitution
Meijden, Gerard van der; Withagen, Cees - 2016
The effects of climate policies are often studied under the assumption of perfectly competitive markets for fossil fuels. In this paper, we allow for monopolistic fossil fuel supply. We show that, if fossil and renewable energy sources are perfect substitutes, a phase will exist during which the...
Persistent link: https://www.econbiz.de/10011556203
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Limit pricing, climate policies, and imperfect substitution
Meijden, Gerard van der; Withagen, Cees - 2016
The effects of climate policies are often studied under the assumption of perfectly competitive markets for fossil fuels. In this paper, we allow for monopolistic fossil fuel supply. We show that, if fossil and renewable energy sources are perfect substitutes, a phase will exist during which the...
Persistent link: https://www.econbiz.de/10011557786
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Race to burn the last ton of carbon and the risk of stranded assets
Ploeg, Frederick van der - 2017
A cap on global warming implies a tighter carbon budget which can be enforced with a credible second-best renewable energy subsidy designed to lock up fossil fuel and curb cumulative emissions. Such a subsidy brings forward the end of the fossil fuel era, but accelerates fossil fuel extraction...
Persistent link: https://www.econbiz.de/10011774930
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Emission taxes and feed-in subsidies in the regulation of a polluting monopoly
García-Alaminos, Ángela; Rubio, Santiago J. - In: SERIEs : Journal of the Spanish Economic Association 12 (2021) 2, pp. 255-279
The paper studies the use of emission taxes and feed-in subsidies for the regulation of a monopoly that can produce the … the regulator and the monopoly with the regulator acting as the leader of the game. We find that the second-best tax rate …
Persistent link: https://www.econbiz.de/10012589030
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Emission taxes, feed-in subsidies and the investment in a clean technology by a polluting monopoly
García-Alaminos, Ángela; Rubio, Santiago J. - 2019
The paper studies the use of emission taxes and feed-in subsidies for the regulation of a monopoly that can produce the … calculated solving a two-stage policy game between the regulator and the monopoly with the regulator acting as the leader of the … output but does not affect the total output. On the other hand, the subsidy leads to the monopoly to reduce the dirty output …
Persistent link: https://www.econbiz.de/10012028355
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Optimal emission-extraction policy in a world of scarcity and irreversibility
Prieur, Fabien; Tidball, Mabel; Withagen, Cees A. - 2011
This paper extends the classical exhaustible-resource/stock-pollution model with the irreversibility of pollution decay. Within this framework, we answer the question how the potential irreversibility of pollution affects the extraction path. We investigate the conditions under which the economy...
Persistent link: https://www.econbiz.de/10010277382
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The green paradox in open economies
Long, Ngo Van - 2014
This paper explains how, in the context of incomplete coordination among all countries, unilateral policies that might at first sight seem pro-green could actually turn out to harm the global environment. The free-riding motives and the difficulty of reaching an effective international...
Persistent link: https://www.econbiz.de/10010245993
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Preventing environmental disasters : market-based vs. command-and-control policies
Lamperti, Francesco; Napoletano, Mauro; Roventini, Andrea - 2015
The paper compares the effects of market-based and command-and-control climate policies on the direction of technical change and the prevention of environmental disasters. Drawing on the model proposed in Acemoglu et al. (2012, American Economic Review), we show that market-based policies...
Persistent link: https://www.econbiz.de/10011410362
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Emission pricing and capital replacement : evidence from aircraft fleet renewal
Jong, Gerben de - 2022
This paper empirically studies how emission pricing affects capital replacement and adoption of embodied environmental technology. A pricing policy encourages firms to accelerate retirement of old capital assets and replace them with newer more efficient assets, but this may crowd out...
Persistent link: https://www.econbiz.de/10013359048
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Does government precommitment promote environmental innovation?
Petrakis, Emmanuel; Xepapadeas, Anastasios P. - 1998
This paper investigates the effect of credibility of environmental policies on environmental innovation and welfare. When the government precommits to an emission tax, the monopolist's abatement effort is lower than if the environmental policy is at the government's discretion. Time consistent...
Persistent link: https://www.econbiz.de/10011608456