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Tradable Permits – a Market-Based Allocation System for the Environment. Tradable Permits and Other Environmental Policy Instruments – Killing one Bird with two Stones. Tradable Permits – Ten Key Design Issues. Tradable Permits with Imperfect Monitoring. Emissions Trading with Greenhouse...
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Als Antwort auf den drohenden Klimawandel wird derzeit eine Strategie des Klimaschutzes verfolgt, die die Reduktion des … CO2-Ausstoßes zum Ziel hat. Dabei wird die zusätzliche Option der Anpassung an den Klimawandel weitgehend vernachlässigt …
Persistent link: https://www.econbiz.de/10010377710
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of the marginal contributions for environments with externalities. The dummy property related to it is defined. We adapt … theory of games II. Princeton University Press, Princeton, pp 307317, 1953) to characterize our value. In addition, we … average approach provided by Macho-Stadler et al. (J Econ Theory 135:339-356, 2007). …
Persistent link: https://www.econbiz.de/10010317092
In a relatively recent paper, Gehrig and Stenbacka (Eur Econ Rev 51, 77-99, 2007) show that information sharing increases banks' profits to the detriment of creditworthy entrepreneurs in a model of a banking duopoly with switching costs and poaching. They restrict their analysis to the case in...
Persistent link: https://www.econbiz.de/10010317121
Quasilinear preferences on a public good and a numeraire good are limits of preferences where both goods are normal. The set of equilibria of the voluntary contribution (or private provision) game is easily characterized under quasilinearity by: top valuators aggregately contribute their common...
Persistent link: https://www.econbiz.de/10010317090
We consider a model of polluting firms subject to tax on emissions, monitoring, and penalties in case of underreporting and which face a choice between a more expensive clean and a less expensive dirty technology. Moreover, emissions are subject to random events.We show that the optimal...
Persistent link: https://www.econbiz.de/10010317114
Future costs arising from climate change and the transformation of the energy system are investigated using a modified version of the Multi-Actor Dynamic Integrated Assessment Model (MADIAM). A cost-benefit analysis is applied to compute optimal business investment scenarios. The economic core...
Persistent link: https://www.econbiz.de/10010377717
To justify substantial carbon emission reductions, recent literature on cost-benefit analysis of climate change suggests discounting environmental quality at a lower discount rate than the standard consumption discount rate. Recent literature also shows that a theoretical foundation for such a...
Persistent link: https://www.econbiz.de/10010298645