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Untapped Fossil Fuel and the Green Paradox: A classroom calibration of the optimal carbon tax

Ploeg, Rick Van der - Department of Economics, Oxford University - 2013

A classroom model of global warming, fossil fuel depletion and the optimal carbon tax is formulated and calibrated. It features iso-elastic fossil fuel demand, stock-dependent fossil fuel extraction costs, an exogenous interest rate and no decay of the atmospheric stock of carbon. The optimal...

Persistent link: https://www.econbiz.de/10010820342

Climate Policy and Catastrophic Change: Be Prepared and Avert Risk

Ploeg, Rick Van der; Zeeuw, Aart de - Department of Economics, Oxford University - 2013

The optimal reaction to a pending climate catastrophe is to accumulate capital to be better prepared for the disaster and levy a carbon tax to reduce the risk of the hazard by curbing global warming. The optimal carbon tax consists of the present value of marginal damages, the non-marginal...

Persistent link: https://www.econbiz.de/10010720427

Abrupt Positive Feedback and the Social Cost of Carbon

Ploeg, Rick Van der - Department of Economics, Oxford University - 2013

Optimal climate policy should act in a precautionary fashion to deal with tipping points that occur at some future random moment. The optimal carbon tax should include an additional component on top of the conventional present discounted value of marginal global warming damages. This component...

Persistent link: https://www.econbiz.de/10011004146

Intermediate Public Economics

Hindriks, Jean; Myles, Gareth D. - The MIT Press

but in its balance between public finance and public choice and its combination of theory and relevant empirical evidence …

Persistent link: https://www.econbiz.de/10010905536

Banking on Democracy: Financial Markets and Elections in Emerging Countries

Santiso, Javier - The MIT Press

apparent than in emerging markets. In Banking on Democracy, Javier Santiso investigates the links between politics and finance … markets have decoupled politics and finance, in the wake of the 2008Ð2012 financial crisis many developed economies (Europe … and the United States) have experienced a recoupling between finance and politics. …

Persistent link: https://www.econbiz.de/10010905558