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Announcing is bad, delaying is worse: Another pitfall in well-intended climate policy

Jus, Darko; Meier, Volker - 2012

It is frequently observed that the implementation of green policies is delayed compared to the initial announcement. Considering a setting with a representative monopolist extracting a non-renewable resource, we demonstrate that announcing a green policy, but then delaying its implementation, is...

Persistent link: https://www.econbiz.de/10010283580

A maximum principle for control problems with monotonicity constraints

Hellwig, Martin - 2008

The paper develops a version of Pontryagin's maximum principle for optimal control problems with monotonicity constraints on control variables. Whereas the literature handles such constraints by imposing an assumption of piecewise smoothness on the control variable and treating the slope of this...

Persistent link: https://www.econbiz.de/10010264833

New Insights into optimal control of nonlinear dynamic econometric models: Application of a heuristic approach

Blueschke, Dmitri; Blueschke-Nikolaeva, Viktoria; … - 2012

Optimal control of dynamic econometric models has a wide variety of applications including economic policy relevant issues. There are several algorithms extending the basic case of a linear-quadratic optimization and taking nonlinearity and stochastics into account, but being still limited in a...

Persistent link: https://www.econbiz.de/10010281617

Conditions implying the vanishing of the Hamiltonian at the infinite horizon in optimal control problems

Seierstad, Atle - 2002

n an infinite horizon optimal control problem, the Hamiltonian vanishes at the infinite horizon, when the differential equation is autonomous. The integrand in the integral criterion may contain the time explicitly, but it has to satisfy certain integrability conditions. A generalization of...

Persistent link: https://www.econbiz.de/10010284302

Role models that make you unhappy: Light paternalism, social learning and welfare

Cordes, Christian; Schubert, Christian - 2010

Persistent link: https://www.econbiz.de/10010286756

Role models that make you unhappy : light paternalism, social learning and welfare

Cordes, Christian; Schubert, Christian - 2010

Behavioral (e.g. consumption) patterns of boundedly rational agents can lead these agents into learning dynamics that … preference learning that can inform the construction of alternative notions of dynamic well-being. Based on the assumption that … dynamic instability in preference trajectories. -- Social Learning ; Preference Change ; Welfare ; Human Cognition ; Consumer …

Persistent link: https://www.econbiz.de/10008809600

The Optimal Allocation of Resources among Heterogeneous Individuals

Wang, Fan - 2020

A planner has Atkinson-CES preference aggregation over individual outcomes and allocates W units of discrete or bounded-continuous resources among N candidate recipients. Conditional on observables, outcomes without allocations and the marginal effects of allocations are heterogeneous across...

Persistent link: https://www.econbiz.de/10012840323

The effects of an incremental increase in the Irish carbon tax towards 2030

De Bruin, Kelly C.; Yakut, Aykut Mert - 2019

This paper investigates the economic and environmental impacts of an incremental increase in the rate of Irish carbon tax. For this analysis an intertemporal computable general equilibrium (CGE) model, namely Ireland Environment-Energy-Economy (I3E), is developed. This model allows for the...

Persistent link: https://www.econbiz.de/10011986624

Integrated assessment of climate catastrophes with endogenous uncertainty : does the risk of ice sheet collapse justify precautionary mitigation?

Diaz, Delavane B. - 2015

Greenhouse gas policies confront the trade-off between the costs of reducing emissions and the benefits of avoided climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter, and one that has not yet been well incorporated into...

Persistent link: https://www.econbiz.de/10011290817

Internationaler Handel und multifunktionale Landwirtschaft : ein Agrarsektormodell zur Analyse politischer Optionen und Entscheidungsunterstützung

Weber, Gerald - 2003

In der WTO-Agrarhandelsrunde von Doha geht es neben dem Abbau von Exportsubventionen und der Abschaffung von Marktzugangsbeschränkungen auch um die weitere Reduktion von internen Subventionen, die als produktions- und damit handelsverzerrend eingestuft sind. Eine Gruppe von Ländern, darunter...

Persistent link: https://www.econbiz.de/10010346455