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Climate policies under climate model uncertainty : max-min and min-max regret
Rezai, Armon; Ploeg, Frederick van der - 2017 - Revised May 2017
derives max-min, max-max and min-max regret policies to deal with this particular form of climate (model) uncertainty and with …
Persistent link: https://www.econbiz.de/10011718250
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Pricing Forest Carbon : Implications of Asymmetry in Climate Policy
Eriksson, Mathilda - 2016
In this paper, we use an integrated assessment model to examine the implications of not recognizing, and partially recognizing forest carbon in climate policy. Specifically, we investigate the impact of an asymmetric carbon policy that recognizes emissions from fossil fuels while ignoring...
Persistent link: https://www.econbiz.de/10012993708
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Carbon leakage : a medium- and long-term view
Habermacher, Florian - 2015
Future market developments determine the fate of fossil fuel carbon currently conserved unilaterally. Dynamic fuel depletion naturally suggests leakage rates approaching 100%. Reasons for lower leakage differ from what limits rates in previous studies. Discounting reduces present-value leakage...
Persistent link: https://www.econbiz.de/10010479912
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The Social Cost of Carbon and Inequality : When Local Redistribution Shapes Global Carbon Prices
Kornek, Ulrike - 2019
The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...
Persistent link: https://www.econbiz.de/10012870643
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The social cost of carbon and inequality : when local redistribution shapes global carbon prices
Kornek, Ulrike; Klenert, David; Edenhofer, Ottmar; … - 2019
The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...
Persistent link: https://www.econbiz.de/10012002880
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Climate inequality : carbon capture for redistribution
Belfiori, Elisa; Macera, Manuel - 2024
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...
Persistent link: https://www.econbiz.de/10014632377
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The Relationship between Market Structure and Innovation in Industry Equilibrium : A Case Study of the Global Automobile Industry
Hashmi, Aamir Rafique; Van Biesebroeck, Johannes - 2014
We specify and estimate a dynamic game to study the equilibrium relationship between market structure and innovation in … as stochastically increasing in innovation, the dynamic control, which is proxied by patent applications. Equilibrium … innovation is a function of market structure, the vector of quality levels of all active firms, and the cost of R&D. Our main …
Persistent link: https://www.econbiz.de/10014155399
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The Relationship between Market Structure and Innovation in Industry Equilibrium : A Case Study of the Global Automobile Industry
Hashmi, Aamir Rafique; Van Biesebroeck, Johannes - 2014
study the equilibrium relationship between market structure and innovation. The key state variable in the model is the …. Efficiency is estimated to be stochastically increasing in the dynamic control-innovation-which is proxied by patenting behavior …. Equilibrium innovation is a function of all state variables in the industry and the cost of R&D which includes a privately …
Persistent link: https://www.econbiz.de/10014041800
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Internalization of the Risk of Environmental Catastrophes as an Incentive for IEA
Palestini, Arsen - 2012
Relying on a standard formulation of dynamic models of pollution abatement, we propose a competition among countries committed to maximize their respective welfare without any form of agreement. When there exists a threshold level for the stock of pollution above which a catastrophe occurs, it...
Persistent link: https://www.econbiz.de/10013111357
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Uncertainty in Integrated Assessment Modelling : Can Global Sensitivity Analysis Be of Help?
Anderson, Barry; Borgonovo, Emanuele; Galeotti, Marzio; … - 2012
The complexity of integrated assessment models (IAMs) prevents the direct appreciation of the impact of uncertainty on …
Persistent link: https://www.econbiz.de/10014166039