Narrow search
Showing 1 - 10 of 3,616
Cover Image
The coming breakthrough in risk research
Jaeger, Carlo - In: Economics: The Open-Access, Open-Assessment E-Journal 10 (2016) 2016-16, pp. 1-28
The paper proposes a novel way to handle the relation between decision theory and uncertainty in the context of policy … design. Present risk governance is based primarily on two institutions - insurance markets and public risk governance … - supported by a powerful theory: the expected utility approach to risk. New systemic risks like those of nuclear war, pandemics …
Persistent link: https://www.econbiz.de/10011498080
Cover Image
The voracity effect and climate change: The impact of clean technologies
Benchekroun, Hassan; Chaudhuri, Amrita Ray - 2011
We show that a technological breakthrough that reduces CO2 emissions per output can exacerbate the climate change problem: countries may respond by raising their emissions resulting in an increase of the stock of pollution that may reduce welfare. Using parameter values based on empirical...
Persistent link: https://www.econbiz.de/10010279422
Cover Image
Smart Cap
Karp, Larry S.; Träger, Christian - 2021
We introduce a “smart” cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty …
Persistent link: https://www.econbiz.de/10012581980
Cover Image
Prices versus Quantities Reassessed
Karp, Larry S.; Traeger, Christian P. - 2018
technological uncertainty favors taxes over cap and trade. Weitzman models a flow pollutant, but greenhouse gases are persistent …
Persistent link: https://www.econbiz.de/10011932081
Cover Image
Symmetric Markovian games of commons with potentially sustainable endogenous growth
Hakobyan, Zaruhi; Koulovatianos, Christos - 2019
Differential games of common resources that are governed by linear accumulation constraints have several applications. Examples include political rent-seeking groups expropriating public infrastructure, oligopolies expropriating common resources, industries using specific common infrastructure...
Persistent link: https://www.econbiz.de/10012149254
Cover Image
Pollution permits, strategic trading and dynamic technology adoption
Moreno-Bromberg, Santiago; Taschini, Luca - 2011
a self-financing policy (based on convex risk measures) is proposed and implemented. …
Persistent link: https://www.econbiz.de/10010274912
Cover Image
Digital and Competing Information Sources: Impact on Environmental Concern and Prospects for Cooperation
Udalov, Vladimir; Welfens, Paul J. J. - 2017
The environmental concern of people in industrialized and developing countries is analysed. Using the 2010-2014 wave of the World Value Survey (WVS), the main purpose of our analysis is to investigate the effect of different information sources on the affective, conative and behavioural...
Persistent link: https://www.econbiz.de/10011653412
Cover Image
Regulating Environmental Externalities through Public Firms: A Differential Game
Dragone, Davide; Lambertini, Luca; Palestini, Arsen - 2011
We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where production takes place at constant returns to scale and entails a negative environmental externality. We model the problem as a differential game and investigate (i) the Cournot-Nash...
Persistent link: https://www.econbiz.de/10011651632
Cover Image
Differential Games of Public Investment: Markovian Best Responses in the General Case
Jaakkola, Niko; Wagener, Florian; Wagener, Florian O.O. - 2023
We define a differential game of public investment with a discontinuous Markovian strategy space. The best response correspondence for the game is well-behaved: a best response exists and uniquely maps almost all profiles of opponents' strategies back to the strategy space. Our chosen strategy...
Persistent link: https://www.econbiz.de/10014377559
Cover Image
On the optimal taxation of common-pool resources
Kossioris, Georgios; Plexousakis, Michael; Xepapadeas, … - 2010
Recent research developments in common-pool resource models emphasize the importance of links with ecological systems and the presence of non-linearities, thresholds and multiple steady states. In a recent paper Kossioris et al. (2008) develop a methodology for deriving feedback Nash equilibria...
Persistent link: https://www.econbiz.de/10010272386