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This paper analyses the markets for fossil fuels given that the limits the Kyoto Protocol sets on CO2 emissions from Annex B countries extend beyond 2008-2012. A forward-looking model with endogenous prices for fossil fuels is applied under different assumptions concerning the technological...
Persistent link: https://www.econbiz.de/10005505905
We apply a multi-equation dynamic econometric model on monthly data to test if the behaviour of OPEC as a whole or different sub-groups of the cartel is consistent with the characteristics of dominant producers on the world crude oil market in the period 1973-2001. Our results indicate that the...
Persistent link: https://www.econbiz.de/10005511555
The purpose of this paper is to analyse the impacts of adaptation to failing health. This is done by integrating adaptation processes in a Grossman type of pure consumption model. Model simulations show that adaptation affects the health variables by lowering the incentives to invest in health,...
Persistent link: https://www.econbiz.de/10005157354