This paper analyses the macroeconomic costs of environmental regulation in European energy markets on the basis of existing macroeconomic simulation studies. The analysis comprises the European emssions trading scheme, energy taxes, measures in the transport sector and the promotion of renewable...

Abstract In the political debate, calls for regulation of energy efficiency are usually based on environmental or resource economic arguments. This paper analyses the case for energy efficiency regulation as a policy to curb excessive resource consumption, to protect the climate and to achieve...

<title>Abstract</title> Hydrogen is often seen as a promising future energy carrier given the major reliance of today's transport sector on finite fossil fuels. This article assesses the macroeconomic effects of introducing hydrogen as fuel in passenger transport within the framework of the computable general...

The recent flood events in Germany have demonstrated that the nation’s current system of private flood insurance is suboptimal. The article provides novel nationwide survey data on stated flood insurance penetration (suggesting that many households overestimate their own insurance coverage),...

This paper introduces a new method for stochastic sensitivity analysis for computable general equilibrium (CGE) model based on Gauss Quadrature and applies it to check the robustness of a large-scale climate policy evaluation. The revised version of the Gauss-quadrature approach to sensitivity...

We ask whether offering a menu of unemployment insurance contracts is welfare-improving in a heterogeneous population. We adopt a repeated moral hazard framework as in Shavell and Weiss (1979), supplemented by unobserved heterogeneity about agents' job opportunities. Our main theoretical...