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The political economy of a tradable GHG permit market in the European Union
Markussen, Peter; Svendsen, Gert Tinggaard; Vesterdal, … - Nationalökonomisk Institut, Institut for Økonomi - 2002
The EU has committed itself to meet an 8% greenhouse gas (GHG) reduction target level following the Kyoto agreement. Therefore, the EU Commission has just proposed a new directive establishing a framework for GHG emissions trading within the European Union. This proposal is the outcome of a...
Persistent link: https://www.econbiz.de/10005424128
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The Political Economy of Climate Change Policy in the EU: Auction and Grandfathering
Brandt, Urs Steiner; Svendsen, Gert Tinggaard - 2003
grandfathering, compared to taxation and auction, might give a stronger pres-sure to increase the emission target level. … this level. We apply this model to explain the shift from auction to grandfathered emission trading in the EU. When … and environ-mentalists. From a pure economic point of view, taxation or auctions are clearly preferable to grandfathering …
Persistent link: https://www.econbiz.de/10010321940
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Ratcheting in Renewable Resources Contracting
Brandt, Urs Steiner; Jensen, Frank; Hansen, Lars Gårn; … - 2004
Real life implies that public procurement contracting of renewable resources results in repeated interaction between a principal and the agents. The present paper analyses ratchet effects in contracting of renewable resources and how the presence of a resource constraint alters the "standard"...
Persistent link: https://www.econbiz.de/10010321970
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The Political Economy of Climate Change Policy in the EU: Auction and Grandfathering
Brandt, Urs Steiner; Svendsen, Gert Tinggaard - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2003
grandfathering, compared to taxation and auction, might give a stronger pres-sure to increase the emission target level. … this level. We apply this model to explain the shift from auction to grandfathered emission trading in the EU. When … and environ-mentalists. From a pure economic point of view, taxation or auctions are clearly preferable to grandfathering …
Persistent link: https://www.econbiz.de/10005642094
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Ratcheting in Renewable Resources Contracting
Brandt, Urs Steiner; Jensen, Frank; Hansen, Lars Gårn; … - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2004
Real life implies that public procurement contracting of renewable resources results in repeated interaction between a principal and the agents. The present paper analyses ratchet effects in contracting of renewable resources and how the presence of a resource constraint alters the...
Persistent link: https://www.econbiz.de/10005642108
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Switch Point and First-Mover Advantage: The Case of the Wind Turbine Industry
Brandt, Urs Steiner; Svendsen, Gert Tinggaard - Nationalökonomisk Institut, Institut for Økonomi - 2004
Why has the EU been so eager to continue the climate negotiations? Can it be solely attributed to the <p> EU feeling morally obliged to be the main initiator of continued progress on the climate change <p> negotiations, or can industrial interests in the EU, at least partly, explain the behaviour of...</p></p>
Persistent link: https://www.econbiz.de/10005652468
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CO2 trade and market power in the EU electricity sector
Svendsen, Gert Tinggaard; Vesterdal, Morten - Nationalökonomisk Institut, Institut for Økonomi - 2002
The EU commission is planning to launch an emission trading market for greenhouse gases within near future. This to meet its obligations under the United Nations Framework Convention on Climate Change and the Kyoto Protocol. After a theoretical discussion on market power in such a market, we...
Persistent link: https://www.econbiz.de/10005652474
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Rent-seeking and grandfathering: The case of GHG trade in the EU
Brandt, Urs Steiner; Svendsen, Gert Tinggaard - 2002
other words, we want to explain and observe how rent-seeking (or lobbyism) affects the de-sign of environmental regulation … reduction and lobbyism are likely to be smaller than the total rents from having this type of regulation. …
Persistent link: https://www.econbiz.de/10010321965
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Rent-seeking and grandfathering: The case of GHG trade in the EU
Brandt, Urs Steiner; Svendsen, Gert Tinggaard - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2002
other words, we want to explain and observe how rent-seeking (or lobbyism) affects the de-sign of environmental regulation … reduction and lobbyism are likely to be smaller than the total rents from having this type of regulation. …
Persistent link: https://www.econbiz.de/10005642119
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Dynamic fiscal competition: a political economy theory
Arcalean, Calin - 2019
I develop a political economy theory of dynamic fiscal competition via public spending and debt. With internationally mobile capital, strategic policies generate two cross-border externalities that voters in each country fail to internalize: (1) an increase in public spending that bolsters...
Persistent link: https://www.econbiz.de/10012018221