Im Dezember 2011 startete eine Kampagne des Bundeswirtschaftsministeriums unter dem Motto »Kraftwerke? Ja bitte!«. Um im Zuge der Energiewende und des Atomausstiegs weiterhin Versorgungssicherheit und bezahlbaren Strom zu gewährleisten, seien neue Kohle- und Gaskraftwerke unabdinglich. In...

Trade and climate change policies are closely related. We consider in a general equilibrium model the role of trade restrictions and energy-efficient technology transfers for the stabilisation of the Kyoto climate coalition. We find that a trade restriction policy leads to economic losses for a...

Future costs arising from climate change and the transformation of the energy system are investigated using a modified version of the Multi-Actor Dynamic Integrated Assessment Model (MADIAM). A cost-benefit analysis is applied to compute optimal business investment scenarios. The economic core...

In this paper we model the conflict between the group of polluting firms in a country and any social planner in the same country who attempts to control the volume of emissions generated during the production process. Both players of the game have their own control policies, i.e., the rate of...

This study investigated the bank-specific and macroeconomic determinants of commercial banks' liquidity in Ethiopia using secondary unbalanced panel data. The empirical analysis is carried out through the use of the generalized method of moments (GMM) estimation of dynamic panel data from 15...

Recent research in financial economics has shown that rare large disasters have the potential to disrupt financial sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback effects on the macroeconomy. Research on disaster risks has...

The year 2020 marks the centennial of the publication of Arthur Cecil Pigou's magnum opus The Economics of Welfare. Pigou's pricing principles have had an enduring influence on the academic debate, with a widespread consensus having emerged among economists that Pigouvian taxes or subsidies are...

This paper examines how enhanced flexibility across space, time, and a regulatory dimension affects the economic costs and CO2\documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs}...