We analyze non-cooperative international climate policy in a setting of political competition by national interest groups. In the first stage, countries decide whether to link their domestic emission permit markets to an international market, which only forms if it is supported by all countries....

In a model of overlapping generations and majority voting, we analyze an ecotax reform consisting of the tax rate and the budgetary rule. Revenue can be recycled through a lump-sum transfer or a reduction in pension contributions. Our theoretical results as well as the calibration of our model...

Der Klimawandel erfordert nicht nur Maßnahmen zur Vermeidung von klimawirksamen Gasen, sondern auch zur Anpassung an bereits entstandene Schäden. Dabei kann sowohl die Bereitstellung von Anpassung als auch von Vermeidung ineffizient sein. Zudem beeinflussen sich die beiden Maßnahmenpakete...