We set up a stochastic open-economy growth model with endogenous fertility and mortality. A three-country version of the model is calibrated to pre-industrial mortality data from England, France and Sweden. By fitting parameters to match observed rates of correlation in mortality rates, the...

We propose nuclear capacity auctions as a means to improve the incentives for investing in nuclear power. A properly designed auction allocates the license to the most efficient bidder; sells the license if and only if new nuclear power is socially optimal. In particular, capacity auctions open...

Green certificates are the main instrument for promoting renewable electricity (RES-E) in Sweden. But certificates cover only a limited share of total RES-E production. Under partial coverage, crowding out may arise whereby costly new RES-E replaces inexpensive old RES-E. Granting certificates...

We propose nuclear capacity auctions as a means to improve the incentives for investing in nuclear power. A properly designed auction would (i) allocate the license to the most efficient bidder; (ii) sell the license if and only if new nuclear power was socially optimal. In particular, capacity...

Green certificates are the main instrument for promoting renewable electricity (RES-E) in Sweden. But certificates cover only a limited share of total RES-E production. Under partial coverage, crowding out may arise whereby costly new RES-E replaces inexpensive old RES-E. Granting certificates...