In the literature on the economics of demographic change so far the regional and neighbourhood-level consequences were out of the main focus. Yet, regional migration accentuates diversity in the progress of ageing. In fact, while households are known to "vote with their feet" when they choose a...

What will come first - non-acceptable global warming or extinction of oil reserves? Both processes can bring substantial costs to the mankind, but their order has important economic implications. The answer to this question will either lower oil price in the long run or will lead to its further...

The renewal of the city started from the examination of urban conditions of comfort/discomfort (safety, mobility, environment, social cohesion); this required the direct involvement of the city's inhabitants as experts of the urban environment, and therefore able to suggest solutions. Nowadays...

We examine how different renewable energy support policies affect innovation in solar and wind power technologies. The analysis is conducted using policy and patent data for a large sample of 194 countries and territories. The policy data allows distinguishing two dimensions of regulation, i.e....

An entrepreneurial perspective to introduction of sustainable energy solutions to the market has been recognized as important for decades, but mainly concerning large firms. Today, attention is increasingly turning to young high-technology ventures which, compared to large incumbents, are more...

We consider an economy in which competitive firms use three technologies for electricity production: pollutive fossils, intermittent renewables like wind or solar, and storage. We determine optimal subsidies for renewables and storage capacities when carbon pricing is imperfect. This policy is...

Reducing CO2 emissions is the most significant target in the global environmental issue. One of strongest measures for CO2 reduction may be introduction of renewable energies including wind and solar powers. Moreover smart grid is attracting attention as a new power supply system for CO2...

Electricity generation based on renewable energy (RE) sources such as wind and solar replace the most expensive generators in the market, and thus induce a decrease in wholesale electricity prices. This so-called merit-order effect stimulates an increase in net-exports. Consequently, prices in...

The transformation of the electricity sector is a main element of the transition to a decarbonized economy. Conventional generators powered by fossil fuels have to be replaced by variable renewable energy (VRE) sources in combination with electricity storage and other options for providing...

The aim of the paper is to analyze the development of the Estonian credit and saving market, especially considering the sector of households and non-financial corporations, in order to reveal the potential of saving and loan association (SLA) to enhance the economic and social development...