This article compares nationally optimal to internationally optimal (Pareto efficient) emission permit levels in a two-country overlapping generations model with national emission permit systems and the environment as a global public good. When each government maximizes its steady state economic...

Basics -- Economic Growth and Natural Resources -- Efficiency and Market Equilibrium under Resource Abundance -- Intergenerational Efficiency in Log-linear Cobb-Douglas OLG Models -- Intertemporal Market Equilibrium and Short-Run Intergenerational Efficiency -- Steady-State Market Equilibrium,...

Climate policy arrangements of partial regional coverage, as they seem to emerge from the UNFCCC process, might lead to carbon leakage and hence a broad literature has developed to quantify global leakage rates. While most of these analyses, are confined to consider combustion emissions only,...

Even if all greenhouse gas emissions stopped at once, temperatures are predicted to continue rising due to the inertia of the climate system. As skiing tourism in the Austrian Alps is highly climate sensitive, higher temperature and changed precipitation patterns require increased artificial...

The Austrian agricultural sector is very heterogeneous in natural conditions and farming systems and highly vulnerable to climate change (e.g. alpine farming). The economic assessment of climate change impacts on and adaptation measures for agriculture requires an integrated modeling approach to...