An exhaustible stock of resources may be exploited by N players. An arbitrarily long duration of the game is only possible, if the utility function satisfies certain restrictions at small values R of extraction. We find that stability against unilateral defection occurs if the elasticity of the...

I investigate two versions of a differential Cournot oligopoly game with nonrenewable resource exploitation, in which each firm may either exploit its own private pool or exploit a common pool jointly with the rivals. Firms use a deterministic technology to invest in exploration activities. In...

This pitch letter describes personal reflections on a pitch that was developed at the early stages of the pitching idea developed by Faff (2015a, b). This letter describes the processes and insights after having used the template several times. Overall, the author has positive experiences of the...

The transition to a cleaner energy mix, essential for achieving net-zero greenhouse gas emissions by 2050, will significantly increase demand for metals critical to renewable energy technologies. Energy Transition Metals (ETMs), including copper, lithium, nickel, cobalt, and rare earth elements,...

Carbon capture and storage (CCS) seems an appealing option to meet the ambitious objectives of the Paris Agreement. Captured carbon emissions can also be injected in active fields to enhance recovery: Carbon capture and utilization (CCU). We study a dynamic model of CCS and CCU of an economy...

This paper empirically studies how emission pricing affects capital replacement and adoption of embodied environmental technology. A pricing policy encourages firms to accelerate retirement of old capital assets and replace them with newer more efficient assets, but this may crowd out...

Die derzeitige Nutzung natürlicher Ressourcen überschreitet die planetaren Grenzen und gefährdet so die Widerstandsfähigkeit des Ökosystems Erde. Der wachsende Rohstoffverbrauch und die daraus resultierenden ebenfalls wachsenden Abfallmengen und Emissionen bedrohen die Umwelt und somit die...

Natürliche Ressourcen werden zunehmend knapper, unter anderem da weltweit derzeit deutlich mehr natürliche Rohstoffe abgebaut und verarbeitet werden, als die Erde in diesem Zeitraum zur Verfügung stellen kann. Als Nettoimporteur von Rohstoffen ist die deutsche Wirtschaft insbesondere bei...

This study investigates how governance and infrastructure modulate the effect of natural resource rents on economic growth in a sample of 110 countries for the period 2000-2018. The empirical evidence is based on Panel Smooth Transition Regressions (PSTR). The following findings are established....

Contracts between governments and international firms are difficult to enforce, especially under weak institutions: governments are tempted to renegotiate tax payments after investments occurred. Theoretically, such a hold-up problem is solved by using selfenforcing agreements that increase the...