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International Emission Permit Markets with Refunding

Gersbach, Hans; Winkler, Ralph - 2008

We propose a blueprint for an international emission permit market such as the EU trading scheme. Each country decides on the amount of permits it wants to offer. A fraction of these permits is grandfathered, the remainder is auctioned. Revenues from the auction are collected in a global fund...

Persistent link: https://www.econbiz.de/10011753161

The Effects of Financial Development on Income Inequality and Poverty

Kappel, Vivien - 2010

This paper examines the effects of financial development on income inequality and poverty. The results of both cross-country and panel data regressions suggest that inequality and poverty are reduced not only through enhanced loan markets, but also through more developed stock markets. We show...

Persistent link: https://www.econbiz.de/10011753191

Market concentration and the likelihood of financial crises

Bretschger, Lucas; Kappel, Vivien - 2010

According to theory, market concentration affects the likelihood of a financial crisis in different ways. The “concentration-stability” and the “concentrationfragility” hypotheses suggest opposing effects operating through specific channels. Using data of 160 countries for the period...

Persistent link: https://www.econbiz.de/10011753202

Basic Research, Openness, and Convergence

Gersbach, Hans; Schneider, Maik T.; Schneller, Olivier - 2010

We study a model where economic growth is fueled by public basic-research investment and the importation of leading technology from foreign countries. In each period, the government chooses the amount of basic research, balancing the cost and benefits of stimulating growth through both channels....

Persistent link: https://www.econbiz.de/10011753203

International Partnerships, Foreign Control and Income Levels: Theory and Evidence

Brunnschweiler, Christa N.; Valente, Simone - 2011

We analyze the effects of different regimes of control rights over critical resources on the total domestic income of open economies. We consider home control, foreign control, and international partnerships in a theoretical model where contracts are incomplete, resource exploitation requires...

Persistent link: https://www.econbiz.de/10011753218

Does the Oil Price Adjust Optimally to Oil Field Discoveries?

Leinert, Lisa - 2012

The Hotelling rule argues that the price for a non-renewable resource adjusts to the shadow value of the resource, reflecting its remaining availability. This study provides an empirical test of this hypothesis. It investigates whether the price of crude oil does adjust to unexpected news about...

Persistent link: https://www.econbiz.de/10011753233

Subglobal climate agreements and energy-intensive activities: An evaluation of carbon leakage in the copper industry

Lanz, Bruno; Rutherford, Thomas F.; Tilton, John E. - 2013

Subglobal climate policies induce changes in international competitiveness and favor a relocation of carbon-emitting activities to non-abating regions. In this paper, we evaluate the potential for CO2 abatement and the emissions `leakage' effect in the copper industry, a prominent...

Persistent link: https://www.econbiz.de/10011753238

Higher education and the fall and rise of inequality

Prettner, Klaus; Schaefer, Andreas - 2016

We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel overlapping generations model with three social classes: the rich, the middle class, and the poor. We show that there is an initial phase in which no social class invests in higher...

Persistent link: https://www.econbiz.de/10011753304

Die Zukunft des Welthandels

Görg, Holger; Klein, Martin; Pflüger, Michael; Krebs, … - In: Wirtschaftsdienst 95 (2015) 5, pp. 303-318

Since the 1950s, world trade has grown much faster than global economic production. Meanwhile, China has surpassed … Partnership, have attained dominance in the world trading system in recent years. Some of the well-known weaknesses of regionalism … world trading system require a strengthening of the WTO's multilateral system. But the current bilateral and regional trade …

Persistent link: https://www.econbiz.de/10011773181

Treaty Shopping beim Investorenschutz - eine Replik

Dullien, Sebastian - In: Wirtschaftsdienst 95 (2015) 8, pp. 569-570

Im Juliheft 2015 veröffentlichte der Wirtschaftsdienst einen Aufsatz von Henning Klodt und Stefanie Lang zum Treaty Shopping. Sebastian Dullien weist auf eine seiner Auffassung nach fehlerhafte Darstellung des bilateralen Investitionsschutzabkommens zwischen Deutschland und Pakistan aus dem...

Persistent link: https://www.econbiz.de/10011773208