Similar Search Results

Dynamic Effects and Structural Change under Environmental Regulation in a CGE Model with Endogenous Growth

Ramer, Roger - 2011

In this paper, we use a CGE model with endogenous growth to study the interplay between environmental regulation, innovation and sectoral growth. We find that a stringent reduction target for carbon emissions combined with a CO2-tax leads to structural changes. Under the assumption of a...

Persistent link: https://www.econbiz.de/10011753217

Life-Cycle Preferences Revisited

Bommier, Antoine - 2011

provide an interesting alternative to additive preferences, allowing to separate risk aversion from intertemporal elasticty of …

Persistent link: https://www.econbiz.de/10011753219

Too Risk Averse to Purchase Insurance? A Theoretical Glance at the Annuity Puzzle

Bommier, Antoine; Le Grand, François - 2012

markets. We show that, as soon there exists a positive bequest motive, sufficiently risk averse individuals should not … purchase annuities. A model calibration accounting for temporal risk aversion generates a willingness-to-pay for annuities …

Persistent link: https://www.econbiz.de/10011753221

Optimum Tariffs and Exhaustible Resources: Theory and Evidence for Gasoline

Daubanes, Julien; Leinert, Lisa - 2012

Domestic consumption taxes on oil products largely differ across countries, ranging from very high subsidies to very high taxes. The empirical literature on the issue has highlighted the role of revenue-raising (Ramsey commodity taxation) and externalitycorrection (Pigovian taxation) motives for...

Persistent link: https://www.econbiz.de/10011753227

Use Less, Pay More: Can Climate Policy Address the Unfortunate Event for Being Poor?

Bretschger, Lucas; Suphaphiphat, Nujin - 2012

The paper develops a two-region endogenous growth model with climate change affecting the countries' capital stocks negatively. We compare two different policies aimed at supporting less developed countries: climate mitigation by rich countries, which diminishes the increase in stock pollution...

Persistent link: https://www.econbiz.de/10011753230

Economic effects of a nuclear-phase out policy: A CGE analysis

Bretschger, Lucas; Ramer, Roger; Zhang, Lin - 2012

The paper investigates the long-run consequences of a phase-out of nuclear energy for the Swiss economy. We apply the CITE model, a CGE model with fully endogenous growth, and complement it with a bottom-up model. We find that the nuclear phase-out can be achieved at relatively low costs, even...

Persistent link: https://www.econbiz.de/10011753231

A Robust Approach to Risk Aversion

Bommier, Antoine; Le Grand, François - 2013

stationary, monotonic and well-ordered in terms of risk aversion. We prove that the class of preferences introduced by Hansen and … shift from the traditional approach to studying the role of risk aversion in recursive problems. We also provide … applications, in which we discuss the impact of risk aversion on asset pricing and risk sharing. …

Persistent link: https://www.econbiz.de/10011753236

On the Global Supply of Basic Research

Gersbach, Hans; Schneider, Maik T. - 2013

In this paper we study the incentives for basic-research investments by governments in a globalized world. For this purpose, we develop a two-country Schumpeterian growth model in which each country chooses its basic-research investments. We find that a country's basic-research investments...

Persistent link: https://www.econbiz.de/10011753239

Price competition and reputation in credence goods markets: Experimental evidence

Mimra, Wanda; Rasch, Alexander; Waibel, Christian - 2016

In credence goods markets, experts have better information about the appropriate quality of treatment than their customers. As experts provide both diagnosis and treatment, this leaves scope for fraud. We experimentally investigate how intensity of price competition and the level of customer...

Persistent link: https://www.econbiz.de/10011753240

Existence of Equilibria in Exhaustible Resource Markets with Economies of Scale and Inventories

Bommier, Antoine; Bretschger, Lucas; Le Grand, François - 2014

The paper proves the existence of equilibrium in nonrenewable resource markets when extraction costs are non-convex and resource storage is possible. Inventories flatten the consumption path and eliminate price jumps at the end of the extraction period. Market equilibrium becomes then possible,...

Persistent link: https://www.econbiz.de/10011753267