Similar Search Results

Rapacious resource depletion, excessive investment and insecure property rights

Ploeg, Frederick van der - 2010

; Hartwick rule ; capital ; sustainable consumption ; fractionalization ; seepage ; insecure property rights ; differential game … with insecure property rights, we analyze how resources are transformed into productive capital to sustain consumption. We … allow property rights to improve as the country transforms natural resources into capital. The ensuing power struggle about …

Persistent link: https://www.econbiz.de/10003942714

Unilateral climate policy, asymmetric backstop adoption, and carbon leakage in a two-region hotelling model

Van der Werf, Edwin - 2010

We study backstop adoption and carbon dioxide emission paths in a two-region model with unilateral climate policy and non-renewable resource consumption. The regions have an equal endowment of the internationally tradable resource and a backstop technology. We first study the case of a...

Persistent link: https://www.econbiz.de/10003923808

Battle for climate and scarcity rents : beyond the linear-quadratic case

Kagan, Mark; Ploeg, Frederick van der; Withagen, Cees - 2014

The nature of oil demand influences the oil extraction rate and hence has implications for both the timing of oil exhaustion and optimal climate policy. We analyse what role oil demand specification plays in strategic interactions b between an oil-importing country producing final goods and...

Persistent link: https://www.econbiz.de/10010424787

Dynamic resource management under weak property rights : a tale of thieves and trespassers

Rodríguez Acosta, Mauricio Andrés; Smulders, Sjak - 2016

Using a dynamic framework with strategic interactions, we study the management of a non-renewable natural resource when property rights are generally weak. Under generally weak property rights both the resource stock and the revenues from exploiting it are imperfectly protected, due to...

Persistent link: https://www.econbiz.de/10011515393

Aggressive oil extraction and precautionary saving : coping with volatility

Ploeg, Frederick van der - 2010

The effects of stochastic oil demand on optimal oil extraction paths and tax, spending and government debt policies are analyzed when the oil demand schedule is linear and preferences quadratic. Without prudence, optimal oil extraction is governed by the Hotelling rule and optimal budgetary...

Persistent link: https://www.econbiz.de/10003966514

Prices vs. quantities and the intertemporal dynamics of the climate rent

Kalkuhl, Matthias; Edenhofer, Ottmar - 2010

This paper provides a formal survey of price and quantity instruments for mitigating global warming. We explicitly consider policies' impact on the incentives of resource owners who maximize their profits intertemporally. We focus on the informational and commitment requirements of the...

Persistent link: https://www.econbiz.de/10003967535

The fossil episode

Hassler, John; Sinn, Hans-Werner - 2012 - This version: Dec 4, 2012

expressions for this price increase. Our calibration leads to a price increase of 40% if capital and labor are allowed to move to …

Persistent link: https://www.econbiz.de/10009683169

Depletion and development : natural resource supply with endogenous field opening

Venables, Anthony - 2011

capital cost, and the timing of field opening is chosen to maximize the present value of the field. Output dynamics depend on …

Persistent link: https://www.econbiz.de/10009312184

International capital markets, oil producers and the green paradox

Meijden, Gerard van der; Ploeg, Frederick van der; … - 2014

general equilibrium effects operating through the international capital market affect this Green Paradox. In a two-region, two …

Persistent link: https://www.econbiz.de/10010412300

Characterizing the sustainability problem in an exhaustible resource model

Mitra, Tapan; Asheim, Geir B.; Buchholz, Wolfgang; … - 2012

The Dasgupta-Heal-Solow-Stiglitz model of capital accumulation and resource depletion poses the following …

Persistent link: https://www.econbiz.de/10009511761