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Model selection and tests for non nested contingent valuation models: An assessment of methods

Genius, Margarita; Strazzera, Elisabetta - 2001

Distributional assumptions are crucial in the estimation of the value of public projects assessed by means of contingent valuation analyses, and it would seem obvious that tests for model specification should play an important part in the statistical analysis. It can be observed, though, that...

Persistent link: https://www.econbiz.de/10011608796

Technological diffusion, spatial spillovers and regional convergence in Europe

Paci, Raffaele; Pigliaru, Francesco - 2001

In this paper we study two closely related issues. First, the role of technology heterogeneity and diffusion in the convergence of GDP per worker observed across the European regions, in the absence of data on regional TFP. Second, the spatial pattern of the observed regional heterogeneity in...

Persistent link: https://www.econbiz.de/10011608798

Privatisation, large shareholders, and sequential auctions of shares

Bortolotti, Bernardo - 2001

We study the government's decision to sell a state-owned enterprise to strategic investors in a common value auction setting. The government can choose to sell his control stake all at once, or to design a sequential auction of shares. The sequential auction allows information transmission, so...

Persistent link: https://www.econbiz.de/10011608799

Regulation at home, competition abroad: A theoretical framework

Calzolari, Giacomo; Scarpa, Carlo - 2001

This paper analyses in a hidden characteristic set-up the design of the optimal price for a firm which is a monopolist at home but competes abroad against foreign firms. As long as diseconomies of scope are not too strong, the optimal price is identified. The price rule depends on the sign of...

Persistent link: https://www.econbiz.de/10011608801

Multiple politico-economic regimes, inequality and growth

Desdoigts, Alain; Moizeau, Fabien - 2001

and intergenerational mobility. In a world in which neighbourhood attributes and family backgrounds are important to …

Persistent link: https://www.econbiz.de/10011608803

Limits to climate change

Chander, Parkash; Tulkens, Henry - 2001

The paper proves the existence and uniqueness of a noncooperative steady state in the context of a model of climate change. It also explores the possibility of cooperation and attainment of an optimal steady state. It is shown that the problem is similar to that in the static model (Chander and...

Persistent link: https://www.econbiz.de/10011608804

Endogenous coalition formation in global pollution control

Finus, Michael; Rundshagen, Bianca - 2001

We extend the work on coalition formation in global pollution control by allowing for multiple coalitions. Equilibrium coalitions are derived under different

Persistent link: https://www.econbiz.de/10011608805

Negotiating climate change as a social situation

Lise, Wietze; Tol, Richard S. J.; van der Zwaan, Bob - 2001

This paper applies the theory of social situations to international environmental agreements on greenhouse gas emission … reduction. The usual pessimism on the size of stable coalitions among world regions is challenged for two alternative cases … in the cartel game, where a cartel symbolises a coalition among world regions for reducing greenhouse gas emissions. It …

Persistent link: https://www.econbiz.de/10011608806

An economic drought management index to evaluate water institutions' performance under uncertainty and climate change

Iglesias, Eva; Garrido, Alberto; Gómez, Almudena - 2001

This paper proposes a new Economic Drought Management Index (EDMI) that could assist water managers to inter-temporally manage water reservoirs. The index's main appeal is that it can be easily interpreted and that it encompasses in a single number hydrological processes, structural constraints,...

Persistent link: https://www.econbiz.de/10011608809

Carbon leakage in a small open economy with capital mobility

Roson, Roberto - 2001

countries do not change their environmental policies and world prices are fixed. Unilateral policies may then induce a … capital services, possibly financing the import of carbon-intensive goods. This result suggests that, in a world of …

Persistent link: https://www.econbiz.de/10011608812