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Models of individual behaviour and implications for environmental policy

van den Bergh, Jeroen C. J. M.; Ferrer-i-Carbonell, Ada; … - 1998

behaviour, formulated in terms of maximisation of utility in general, or profits in particular. The standard theory of … environmental economics behavioural assumptions have been most significant for the development of economic valuation theory and … environmental policy theory. The focus here will be on environmental policy theory. …

Persistent link: https://www.econbiz.de/10011608445

Cross-sectional heterogeneity and the persistence of aggregate fluctuations

Michelacci, Claudio - 1998

A well-known fact in the time series of aggregate output is the persistence of shocks. This paper argues that the empirical relation between the expected growth rate of a firm and its size provides a microfoundation of aggregate persistence. In fact, the empirical evidence claims that small...

Persistent link: https://www.econbiz.de/10011608446

Green accounting and environmental efficiency indexes

Huhtala, Anni - 1998

We derive a theoretically consistent welfare measure that is to be interpreted as a "green" net national product (NNP). In our framework, environmental deterioration is modelled as an undesirable, but inherent by-product of economic activities consuming the resource base. A major advantage of...

Persistent link: https://www.econbiz.de/10011608448

The double dividend issue: Modeling strategies and empirical findings

Bosello, Francesco; Carraro, Carlo; Galeotti, Marzio - 1998

This paper reviews recent developments in the study of the so-called "double dividend", i.e. the possibility of improving the environment and, at the same time, reducing the distortions of the tax system through revenue-neutral green taxes. Recent modeling advances are considered at both the...

Persistent link: https://www.econbiz.de/10011608449

Advances of climate modelling for policy analysis

Bosello, Francesco; Carraro, Carlo; Kemfert, Claudia - 1998

This paper surveys recent advances in climate models by emphasising how quantitative instruments can answer the main crucial questions addressed by the policymakers involved and therefore aid the formulation of effective global climate policies. The limits of existing models are highlighted and...

Persistent link: https://www.econbiz.de/10011608450

Optimal oil exploration under climate treaties

Berg, Elin; Kverndokk, Snorre; Rosendahl, Knut Einar - 1998

In this paper we focus on how an international carbon treaty will influence the exploration of oil in Non-OPEC countries. We present a numerical intertemporal global equilibrium model for the fossil fuel markets. The international oil market is modelled with a cartel (OPEC) and a competitive...

Persistent link: https://www.econbiz.de/10011608453

Environmental project evaluation in developing countries: Valuing the environment as input

Barbier, Edward B. - 1998

An important evaluation problem in developing countries is assessing the value and optimal use of environmental resources as inputs into production. This is a key methodology required for many general evaluation approaches, e.g. ensuring the most efficient use of a resource requires...

Persistent link: https://www.econbiz.de/10011608454

Debt, poverty and resource management in a rural smallholder economy

Barbier, Edward B.; López, Ramón - 1998

This paper explores the link between poverty and resource allocation, including the management of natural resources, by chronically indebted rural smallholders in developing countries. The paper proposes a formal intertemporal model of a credit constrained farm household that can invest in...

Persistent link: https://www.econbiz.de/10011608455

Does government precommitment promote environmental innovation?

Petrakis, Emmanuel; Xepapadeas, Anastasios P. - 1998

This paper investigates the effect of credibility of environmental policies on environmental innovation and welfare. When the government precommits to an emission tax, the monopolist's abatement effort is lower than if the environmental policy is at the government's discretion. Time consistent...

Persistent link: https://www.econbiz.de/10011608456

Voluntary vs. mandatory approaches to nonpoint pollution control: Complements or substitutes?

Segerson, Kathleen - 1998

This paper develops a simple economic model of the interaction between a regulator and farmer that allows us to analyse the use of a policy that combines a voluntary, cost-sharing approach to improving water quality with a background threat of imposition of mandatory controls or taxes if the...

Persistent link: https://www.econbiz.de/10011608460