Showing 1 - 10 of 13,774
In this paper, we use a CGE model with endogenous growth to study the interplay between environmental regulation, innovation and sectoral growth. We find that a stringent reduction target for carbon emissions combined with a CO2-tax leads to structural changes. Under the assumption of a...
Persistent link: https://www.econbiz.de/10011753217
This paper analyses the foundations, possible applications and the effects of tourism taxation in Spain. The article … begins with an analysis of the economic and environmental reasons for taxing tourism, which would seem to call for taxes … tourism taxation in Spain, with special mention being given to the now repealed Balearic ecotasa. Finally, the effects of two …
Persistent link: https://www.econbiz.de/10010312497
on the economic assessment of two specific climate change impacts: sea-level rise and changes in tourism flows. By using … impact category to the final result. In the case under scrutiny demand shocks induced by changes in tourism flows outweigh …
Persistent link: https://www.econbiz.de/10010312590
This paper studies the economic implications of climate-change-induced variations in tourism demand, using a world CGE … subsequently perturbed by shocks, simulating the effects of climate change. We portray the impact of climate change on tourism by …
Persistent link: https://www.econbiz.de/10011325003
This paper develops a decomposition algorithm by which a market economy with many households may be solved through the computation of equilibria for a sequence of representative agent economies. The paper examines local and global convergence properties of the sequential recalibration (SR)...
Persistent link: https://www.econbiz.de/10011753154
The paper investigates the long-run consequences of a phase-out of nuclear energy for the Swiss economy. We apply the CITE model, a CGE model with fully endogenous growth, and complement it with a bottom-up model. We find that the nuclear phase-out can be achieved at relatively low costs, even...
Persistent link: https://www.econbiz.de/10011753231
telecommunications is in line with micro-economic theory, which predicts an increase in efficiency and lower prices when markets are …
Persistent link: https://www.econbiz.de/10011506581
Review, 1960). Tatonnement theory predicts that prices are globally unstable for this economy, i.e. unless prices start at … the competitive equilibrium they oscillate without converging. Anderson et al. (Journal of Economic Theory, 2004) report … convergence. We replicate their experiments and confirm that tatonnement theory predicts the direction of price changes remarkably …
Persistent link: https://www.econbiz.de/10010316891
In this paper we use global analysis to study the welfare properties of general equilibrium economies with incomplete markets (GEI). Our main result is to show that constrained Pareto optimal equilibria are contained in a linear submanifold of the equilibrium set. This result is explicitly...
Persistent link: https://www.econbiz.de/10010318896
This paper establishes, in the setting of Brownian information, a general equilibrium existence result under a stochastic differential formulation of intertemporal recursive utility. The present class of utility functionals is generated by a backward stochastic differential equation and...
Persistent link: https://www.econbiz.de/10010319971