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Review of energy subsidies in the context of energy sector reforms in Ukraine

Petkova, Nelly - 2023

This study evaluates the progress of fossil-fuel subsidy reform in Ukraine since its launch in 2016 using the OECD “bottom-up”, inventory, approach. It also identifies major subsidy schemes that need significant reform. The report reflects the energy subsidy policies and reforms in Ukraine...

Persistent link: https://www.econbiz.de/10014491290

Income inequality and willingness to pay for public environmental goods

Baumgärtner, Stefan; Drupp, Moritz A.; Meya, Jasper N.; … - 2016

We study how the distribution of income among members of society, and income inequality in particular, affects social willingness to pay (WTP) for environmental public goods. We find that social WTP for environmental goods increases with mean income, and decreases (increases) with income...

Persistent link: https://www.econbiz.de/10011440728

Risk Sharing, Inequality, and Fertility

Hosseini, Roozbeh - 2011

We use an extended Barro-Becker model of endogenous fertility, in which parents are heterogeneous in their labor productivity, to study the efficient degree of consumption inequality in the long run. In our environment a utilitarian planner allows for consumption inequality even when labor...

Persistent link: https://www.econbiz.de/10013134343

Environmental Externalities and Cost of Capital

Chava, Sudheer - 2014

I analyze the impact of a firm's environmental profile on its cost of equity and debt capital. Using implied cost of capital derived from analysts' earnings estimates, I find that investors demand significantly higher expected returns on stocks excluded by environmental screens (such as...

Persistent link: https://www.econbiz.de/10013069271

Biased Budget Scoring and Underinvestment

Simkovic, Michael - 2020

Persistent link: https://www.econbiz.de/10012841377

Cost-Benefit Analysis of Transport Investments in Distorted Economies

Calthrop, Edward - 2008

This paper deals with costs-benefit analysis of investment in transport infrastructure. Its contribution is twofold …. Firstly, we develop a general equilibrium model to explore the impact of a small budgetary-neutral investment in transport … travel). An intuitive operational expression for the net economic benefit of an investment is derived that depends on the way …

Persistent link: https://www.econbiz.de/10012723146

Discounting Dollars, Discounting Lives : Intergenerational Distributive Justice and Efficiency

Kaplow, Louis - 2010

The view that intergenerational distributive justice and efficiency should be treated separately is familiar, yet controversial. This article elaborates the often-implicit justifications for separate treatment and provides a more express statement of how and when such treatment is appropriate....

Persistent link: https://www.econbiz.de/10012760791

Tradable Permits in Cost–Benefit Analysis. A Numerical Illustration

Johansson, Per-Olov - 2016

There are different views with respect to the treatment of tradeable permits for greenhouse gases in cost-benefit analysis. This note aims at illustrating numerically within a simple general equilibrium model how to treat tradeable permits in economic evaluations of projects. The note looks at a...

Persistent link: https://www.econbiz.de/10012984739

On the Treatment of Emissions Trading and Green and White Certificates in Cost-Benefit Analysis

Johansson, Per-Olov - 2016

There are conflicting views on how to handle permits for greenhouse gases in cost-benefit analysis. This paper aims at clarifying within a simple general equilibrium model how to treat different kinds of trade-able permits in economic evaluations of projects. Within a framework that reminds of...

Persistent link: https://www.econbiz.de/10012985049

Uncertainty in the Analytic Climate Economy

Traeger, Christian P. - 2021

The paper analyzes optimal climate policy under uncertainty. It endows a recent quantitative analytic integrated assessment model (IAM) with long-run risk, adapting methods from the asset pricing literature to deal with endogenous climate risk. The model solves in closed-form for general degrees...

Persistent link: https://www.econbiz.de/10013222601