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Switching to biomass co-firing in European coal power plants: Estimating the biomass and CO2 breakeven prices

Bertrand, Vincent - In: Economics Bulletin 33 (2013) 2, pp. 1535-1546

This paper investigates the cost of biomass co-firing in European coal plants. We propose an original method to get … expressions of biomass and CO2 breakeven points: carbon switching price and biomass switching price. They correspond to carbon and … biomass prices that make coal plants equally attractive under co-firing or classical conditions. The carbon switching price is …

Persistent link: https://www.econbiz.de/10010668422

Herfindahl rule under return flows

Fridman, Alla - In: Economics Bulletin 34 (2014) 3, pp. 1456-1462

The paper investigates the efficient extraction path in a partial equilibrium model with exhaustible resource, the usage of which is characterized by return flows, and a backstop to analyze the sequence of the resource use. It is shown that in the presence of users with different return flow...

Persistent link: https://www.econbiz.de/10010796126

Why do rice farmers in Taiwan not expand scale? Economies of scale and the estimation of short- and long-run cost efficiencies using stochastic frontier analysis with time-varying panel data model

Chang, Tsaiyu - In: Economics Bulletin 31 (2011) 3, pp. 1943-1959

In this study, stochastic frontier analysis with a time-varying panel data model was applied to analyse short- and long-run cost functions; the short- and long-run cost efficiencies of rice farms in Taiwan from 1980 to 2008 were measured by treating five size classifications in 15 counties in...

Persistent link: https://www.econbiz.de/10009149963

A long-run analysis of residential water consumption

Younes, Ben Zaied - In: Economics Bulletin 33 (2013) 1, pp. 536-544

The main originality of this paper is to empirically investigate the long-run relationship between average regional water consumption and its determinants. To do so, we use quarterly non-stationary panel data covering the six Tunisian regions for the period 1980.1 to 2007.4 and a breakdown into...

Persistent link: https://www.econbiz.de/10011278544

Environmental Kuznets Curve and ecological footprint: A time series analysis

Hervieux, Marie-Sophie; Darné, Olivier - In: Economics Bulletin 35 (2015) 1, pp. 814-826

In this paper we examine the Environmental Kuznets Curve (EKC) hypothesis using the Ecological Footprint (EF), a more comprehensive indicator of environmental degradation, through a time-series analysis for seven Latin American countries covering the 1961-2007 period. We first test the EKC...

Persistent link: https://www.econbiz.de/10011212879

Measurement of social net benefit of climate stabilization policy

Nakajima, Kazunori - In: Economics Bulletin 30 (2010) 4, pp. 3066-3076

To evaluate the social welfare of climate stabilization policy from perspectives of costâ€“benefit analysis in a optimal economic growth framework based on macroeconomic theory, the purposes of this study are to show theoretically that the equivalent variation is divisible into a...

Persistent link: https://www.econbiz.de/10008727320

Temporal reliability test of nonconsumptive wildlife recreation benefits constructed from choke price data

Hwang, Jee W - In: Economics Bulletin 32 (2012) 1, pp. 788-798

Choke price data from the 2001 and 2006 National Survey of Fishing, Hunting and Wildlife-Associated Recreation (FHWAR) is used to construct welfare measures for wildlife-watching trips. Findings from an Oaxaca-Blinder decomposition analysis showed them to be temporally reliable which favors...

Persistent link: https://www.econbiz.de/10009651202

A phase diagram analysis on â€œThe Environment and Directed Technical Change

Ikeshita, Kenichiro; Nakamura, Tamotsu; Osumi, Keisuke - In: Economics Bulletin 35 (2015) 2, pp. 968-977

Analyzing a dynamic general equilibrium model that incorporates endogenous and directed technical change and environmental constraints, Acemoglu et al. (2012) present thought-provoking discussions on green growth and environmental disaster. For the clarity of argument, they place a restriction...

Persistent link: https://www.econbiz.de/10011265568

Incomplete information and R&D organization

Chattopadhyay, Srobonti; Kabiraj, Tarun - In: Economics Bulletin 35 (2015) 1, pp. 14-20

This paper studies the choice of cooperative versus non-cooperative R&D under incomplete information about the innovation size of the rival. It is assumed that the R&D outcome is stochastic and continuously distributed with a given mean and a constant variance. We show that the incentive for...

Persistent link: https://www.econbiz.de/10011199655

The resource curse, rule of law and accountability in African countries: a dynamic panel analys

Adani, Riccardo Marchi; Ricciuti, Roberto - In: Economics Bulletin 34 (2014) 3, pp. 1905-1916

We investigate the resource curse phenomenon using the African Governance Index that ranks African countries according to their governance quality. First, we allow countries to endogenously select in good- and bad-governance groups. Secondly, using an Arellano-Bond dynamic panel-data estimation,...

Persistent link: https://www.econbiz.de/10010890862