Showing 1 - 10 of 53
This paper investigates the interplay of trade and terrorism externalities under free trade between a developed nation that exports a manufactured good to and imports a primary product from a developing nation. A terrorist organization targets both nations and reduces its attacks in response to...
Persistent link: https://www.econbiz.de/10011691593
We study the effect of leadership in an experimental threshold public "bad" game, where we manipulate both the relative returns of two investments (the more productive of which causes a negative externality) and the extent to which the gains from leadership diffuse to the group. The game...
Persistent link: https://www.econbiz.de/10010493038
Persistent link: https://www.econbiz.de/10013166983
In the present paper we use the output of multiple expert elicitation surveys on the future cost of key low-carbon technologies and use it as input of three Integrated Assessment models, GCAM, MARKAL_US and WITCH. By means of a large set of simulations we aim to assess the implications of these...
Persistent link: https://www.econbiz.de/10011438620
increasing the rental of capital relative to the wage, and has an ambiguous effect on welfare. At initial high levels of labor … share in total costs tighter credit lowers welfare. This pattern reverses during an expansionary phase caused by higher …
Persistent link: https://www.econbiz.de/10011539874
Persistent link: https://www.econbiz.de/10011539881
reduction in current consumption that produces a loss in social welfare equivalent to that caused by the emission of a ton of CO …2. The standard approach is to calculate the SCC using a discounted-utilitarian social welfare function (SWF)-one that … welfare economics, but has been, thus far, little used in climate scholarship. The core idea is to give greater weight to well …
Persistent link: https://www.econbiz.de/10011547506
We address the problem of choosing a portfolio of policies under "deep uncertainty." We introduce the idea of belief dominance as a way to derive a set of non-dominated portfolios and robust individual alternatives. Our approach departs from the tradition of providing a single recommended...
Persistent link: https://www.econbiz.de/10011504367
We report robust evidence of adverse cross-border externalities from terrorism on trade for over 160 countries from 1976 to 2014. Terrorism in one country spills over to reduce trade in neighboring nations. These externalities arise from higher trade costs due to trade delays and macroeconomic...
Persistent link: https://www.econbiz.de/10012015684
The availability of technology plays a major role in the feasibility and costs of climate policy. Nonetheless, technological change is highly uncertain and capital intensive, requiring risky efforts in research and development of clean energy technologies. In this paper, we introduce a two-track...
Persistent link: https://www.econbiz.de/10011622101