All current, and likely near-term future, climate protection measures only cover a limited fraction of global emissions. A single value attached to CO2 (independent of the source that generates it), for market based instruments such as CO2 taxes or cap-and-trade systems, is insufficient to...

In Switzerland, a constitutional initiative has been launched to introduce an unconditional basic income. It should amount to 2'500 CHF per month for adults and 625 CHF for children. Total expenditure would be 200 Billion CHF, of which 50 Billion CHF are already covered by today’s social...

Increasing fuel extraction costs and global temperatures make it likely that in the medium-term future, technological or political measures against global warming will be implemented. In assessments of current climate policy, possible medium-term future developments, such as backstop...

A fundamental and highly relevant question for climate policy design is whether price controls, such as CO2 taxes, or quantity restrictions, such as emission quotas, should be preferred. This paper shows that as the reach of climate policies is limited either geographically or in terms of...

We consider a global externality of resource use, with the example of greenhouse gas emissions from fossil fuels. A region concerned about climate change may reduce its fuel deposit offer, reduce fuel consumption, and withdraw investments into global fuel extraction. We study leakage rates and...

Future market developments determine the fate of fossil fuel carbon currently conserved unilaterally. Dynamic fuel depletion naturally suggests leakage rates approaching 100%. Reasons for lower leakage differ from what limits rates in previous studies. Discounting reduces present-value leakage...

A carbon tax may be the most efficient means to limit climate change - eventually mankind's largest externality. When discussing the effects of such a tax, today most climate economics research focuses on the demand, reducing the energy supply side to a static process. However, supply side...

In der Schweiz betreibt eine Initiative aktuell ganz konkret einen Volksentscheid mit dem Ziel, ein bedingungsloses Grundeinkommen einzuführen. In Deutschland wird das Konzept lebhaft diskutiert. Allerdings wird seine Wirkung auf Beschäftigung, Besteuerung, Einkommensverteilung und die...