Showing 75,071 - 75,080 of 75,666
I develop a dynamic model of costly private provision of public goods where agents can also invest in cost-reducing technologies. Despite the n+1 stocks in the model, the analysis is tractable and the (Markov perfect) equilibrium unique. The frame-work is used to derive optimal incomplete...
Persistent link: https://www.econbiz.de/10008805634
In this paper, I study the strategic interactions between a country that owns a monopoly on a polluting non renewable resource (basically, the OPEC), and a representative of countries that both consume the resource and are hurt by its pollution. Both pollution control and rent captation are at...
Persistent link: https://www.econbiz.de/10008805829
) emissions. We assess by how much the non-binding, although official, commitments to reduce emissions made in Copenhagen will … affect the level of world GHGs emissions in 2020. Our estimates are based on official communications to the UNFCCC, on … expected level of emissions and what would be needed to achieve the 2°C target. Nor do we attempt to calculate the 2100 …
Persistent link: https://www.econbiz.de/10008828380
funding examples provide a pertinent analogy for the adaptation problem, and most issues in adaptation finance have also been … finance. These insights can be summarized into seven main lessons: (1) “black-spot” programs are less flexible but more …
Persistent link: https://www.econbiz.de/10008828400
Uncertainty plays a key role in the economics of climate change, and the discussions surrounding its implications for climate policy are far from settled. We give an overview of the literature on uncertainty in integrated assessment models of climate change and identify some future research...
Persistent link: https://www.econbiz.de/10008828410
By signing an international river sharing agreement (RSA), countries voluntary commit to release water in exchange for a compensation. We examine the robustness of such commitments to reduced water flows. We focus on RSAs that satisfy core lower bounds and fairness upper bounds. We characterize...
Persistent link: https://www.econbiz.de/10008828617
Many estimates of the social cost of CO2 emissions (SCCO2) can be found in the climate economics literature. However … of CH4 and N2O emissions to those that would be produced by using the SCCO2 to value the "CO2-equivalents" of each of … non-CO2 greenhouse gas emission reductions using GWPs and the SCCO2 for single- and multi-gas abatement policies. In both …
Persistent link: https://www.econbiz.de/10008828647
The issue of pollution is an important contemporary issue. Within the last 20 years, there have been global studies on how to stop global warming. The European Union is the world leader in concrete measures undertaken in this respect. The introduction of the cap-and-trade system, begun in 2005...
Persistent link: https://www.econbiz.de/10008829750
show the real aim of neo-liberal policies implemented since the beginning of the 1980s. …
Persistent link: https://www.econbiz.de/10008833221
Should public assets such as infrastructure, education, and the environment earn the same return as private investments? We consider if time-inconsistent decision-makers can gain from institutions that enforce cost-benefit rules on large projects that influence the economy as a whole. Long-term...
Persistent link: https://www.econbiz.de/10008833880