Abstract The allure of an environmentally benign, abundant, and cost-effective energy source has led an increasing number of industrialized countries to back public financing of renewable energies. Germany’s experience with renewable energy promotion is often cited as a model to be replicated...

As part of its efforts to reach the targets of the Kyoto Protocol, the European Commission published in December 2008 a resolution on a new directive to reduce the per-kilometer CO2 emissions of newly registered automobiles. This paper critically assesses this resolution with respect to its...

Along with the oil price, concerns about the security of energy supply have soared once again in recent years. Yet, some 40 years after the OPEC oil embargo in 1973, there is no widely accepted statistical measure that captures the notion of energy security. Most likely, this deficit is the...

As part of its efforts to reach the targets of the Kyoto Protocol, in April 2009 the European Commission enacted new legislation to reduce the per-kilometer CO2 emissions of newly registered automobiles. This paper critically assesses this legislation with respect to its economic and...

Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as substitutability. The standard approach reflecting this idea is a translog specification-this is also the approach used by the majority of studies analyzing the substitutability of...

Since the first statement of Hicks's induced innovation hypothesis in 1932, a large number of theoretical and empirical studies have analyzed the issue of price-induced technological change-many of them on the basis of substitution elasticities. This note compares technologies across space and...

The allure of an environmentally benign, abundant, and cost-effective energy source has led an increasing number of industrialized countries to back public financing of renewable energies. Germany's experience with renewable energy promotion is often cited as a model to be replicated elsewhere,...