Die Arbeitsgruppe Rohstoffpreise der Vereinigung Europäischer Konjunkturforschungsinstitute (AIECE) hat sich am 3. und 4. April 1997 mit der Entwicklung der internationalen Rohstoffpreise befaßt. Unter der Annahme, daß das reale Bruttoinlandsprodukt in den Industrieländern 1997 um 2,6% und...

This paper applies an economic model of climate change that is based on endogenous substitution of energy resources to determine the effect of advances in renewable technology on aggregate and sectoral fossil fuel use and energy prices. It uses a Nordhaus type partial equilibrium model of the...

Since the study of Ellerman and Decaux (1998) marginal abatement cost curves (MACCs) have become one of the favorite instruments to analyze the impacts of the implementation of the Kyoto Protocol and emission trading. This paper shows that the MACC in one country depends - via the link of world...