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Corporate expenditure on environmental protection

Haller, Stefanie A.; Murphy, Liam - 2010

We examine the determinants of firm's current environmental expenditure and firm's capital investment in equipment for pollution control using a Heckman selection model. As regards current environmental expenditure, we find that larger, exporting firms and firms subject to the Integrated...

Persistent link: https://www.econbiz.de/10010277625

Climate policy under fat-tailed risk: An application of FUND

Anthoff, David; Tol, Richard S. J. - 2010

greenhouse gas emission reduction. In all cases, we consider a uniform carbon tax that is applied to all emissions from all … preference and a rate of risk aversion of one, the tax that maximises expected net present welfare equals $120/tC in 2010 … percentiles instead of the ill-defined maximum. Depending on the percentile used, the recommended tax lies between $100 and $170 …

Persistent link: https://www.econbiz.de/10010277659

International cooperation on climate change adaptation from an economic perspective

de Bruin, Kelly C.; Dellink, Rob B.; Tol, Richard S.J. - 2009

This paper investigates the economic incentives of countries to cooperate on international adaptation financing. Adaptation is generally implicitly incorporated in the climate change damage functions as used in Integrated Assessment Models. We replace the implicit decision on adaptation with...

Persistent link: https://www.econbiz.de/10010277669

Metrics for aggregating the climate effect of different emissions: A unifying framework

Tol, Richard S. J.; Berntsen, Terje K.; O'Neill, Brian C.; … - 2008

Multi-gas approaches to climate change policies require a metric establishing equivalences among emissions of various species. Climate scientists and economists have proposed four classes of such metrics and debated their relative merits. We present a unifying framework that clarifies the...

Persistent link: https://www.econbiz.de/10010277686

From data to policy analysis: Tax-benefit modelling using SILC 2008

Callan, Tim; Keane, Claire; Walsh, John R.; Lane, Marguerita - 2010

Persistent link: https://www.econbiz.de/10010277699

Research and policy making

Ruane, Frances - 2010

Persistent link: https://www.econbiz.de/10010277702

The stairways to heaven: a model of career choice in sports and games, with an application to chess

Ariga, Kenn; Brunello, Giorgio; Iwahashi, Roki; Rocco, … - 2008

We model individual careers in sports and games from initial entry to eventual exit or success as a discrete-choice, finite-horizon optimization problem. We apply this model to the international game of chess and study cross-country differences in the relative success of players. While we find...

Persistent link: https://www.econbiz.de/10010277710

A note on the Carlson-Parkin method of quantifying qualitative data

Müller, Christian; Wirz, Aniela; Sydow, Nora - 2007

Qualitative surveys enjoy huge popularity among business cycle analysts and research institutes since they provide fast information on the stance of the economy. However, in order to derive quantitative statements researchers have to rely on assumptions about the relation between quantitative...

Persistent link: https://www.econbiz.de/10010277730

Why don't people pay attention? Endogenous sticky information in a DSGE Model

Dräger, Lena - 2010

Building on the models of sticky information, we endogenize the probability of obtaining new information by introducing a switching mechanism allowing agents to choose between costly rational expectations and costless expectations under sticky information. Thereby, the share of agents with...

Persistent link: https://www.econbiz.de/10010277740

Innovation, competition and incentives for R&D

Wörter, Martin; Rammer, Christian; Arvanitis, Spyros - 2010

Persistent link: https://www.econbiz.de/10010277767