Showing 1 - 10 of 327
While an international agreement over the reduction of greenhouse gases (GHGs) emissions proves to be elusive, there is a large and growing support for investment in developing more effective technologies to adapt to climate change. We show that an increase in effectiveness of adaptation will...
Persistent link: https://www.econbiz.de/10014175721
Persistent link: https://www.econbiz.de/10009376576
We study the profitability of horizontal mergers in nonrenewable resource industries, which account for a large proportion of merger activities worldwide. Each firm owns a private stock of the resource and uses open-loop strategies when choosing its extraction path. We analytically show that...
Persistent link: https://www.econbiz.de/10012911414
This paper shows that, if countries are farsighted when deciding whether to defect from a coalition, then the implementation of cleaner technologies may jeopardize the chances of reaching an international environmental agreement. The grand coalition may be destabilized by the implementation of...
Persistent link: https://www.econbiz.de/10013104564
Persistent link: https://www.econbiz.de/10009521560
Persistent link: https://www.econbiz.de/10009553649
Persistent link: https://www.econbiz.de/10011898036
Persistent link: https://www.econbiz.de/10010391558
Persistent link: https://www.econbiz.de/10011473624
We consider a common-pool renewable resource differential game. We show that within this dynamic oligopolistic framework, free trade may lead to a lower discounted sum of consumer surplus and of social welfare than autarky. Trade restrictions may be supported based on both resource conservation...
Persistent link: https://www.econbiz.de/10012869526