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Ecological-economic analysis and valuation of biodiversity

Nunes, Paulo A. L. D.; van den Bergh, Jeroen C. J. M; … - 2001

This paper introduces and surveys ecological-economic analysis and valuation of biodiversity. Furthermore, the notion and application of economic, monetary valuation of biodiversity is critically evaluated. A classification of biodiversity values is offered, based on a system of logical...

Persistent link: https://www.econbiz.de/10011608836

Simulating coalitionally stable burden sharing agreements for the climate change problem

Eyckmans, Johan; Tulkens, Henry - 2001

In this paper we introduce the CLIMNEG World Simulation (CWS) model for simulating cooperative game theoretic aspects of global climate negotiations. The model is derived from the seminal RICE model by Nordhaus and Yang (1996). We first state the necessary conditions that determine optimal...

Persistent link: https://www.econbiz.de/10011608837

What do internal capital markets do? Redistribution vs incentives

Gautier, Axel; Heider, Florian - 2001

resources across a conglomerate's divisions between successive production periods. The need for redistribution arises from the … fact that resources may sometimes be produced by divisions which happen to be successful in an earlier production stage but … managers, the redistribution of resources across divisions creates additional agency costs in a conglomerate.Moreover, assuming …

Persistent link: https://www.econbiz.de/10011608838

Transitional politics: Emerging incentive-based instruments in environmental regulation

Aidt, Toke S.; Dutta, Jayasri - 2001

proposes a positive theory of environmental instrument choice that can be used to explain this trend. We imagine a democratic …

Persistent link: https://www.econbiz.de/10011608840

Consumption taxation and endogenous growth in a model with new generations

Petrucci, Alberto - 2001

saving, stimulating capital accumulation and economic growth. If however the resources from taxation are used for financing …

Persistent link: https://www.econbiz.de/10011608841

A Ricardian model of the tragedy of the commons

lasserre, Pierre; Soubeyran, Antoine - 2001

production always does; the Pareto optimal allocation of activities may not be an equilibrium. We show that minute changes in …

Persistent link: https://www.econbiz.de/10011608842

A model of optimal labour and soil use with shifting cultivation

Pascual, Unai; Barbier, Edward - 2001

cultivating community. A deterministic optimal control model demonstrates how a representative household's labour allocation …

Persistent link: https://www.econbiz.de/10011608845

Global warming and financial umbrellas

Dosi, Cesare; Moretto, Michele - 2001

A new instrument for hedging weather risks has made its appearance in the financial arena. Trade in 'weather derivatives' has taken off in the US, and interest is growing elsewhere. Whilst such contracts may be simply interpreted as a new tool for solving a historical problem, the question...

Persistent link: https://www.econbiz.de/10011608849

On the opportunity cost of nontradable stock options

Moretto, Michele; Rossini, Gianpaolo - 2001

Firms grant to their employees non-tradable stock options as an incentive device. Is the opportunity cost of issuing these options equal to the amount the company would receive if it sold the same options to outside investors? No, it is not, since the options granted to employees are non...

Persistent link: https://www.econbiz.de/10011608858

The effect of protest votes on the estimates of willingness to pay for use values of recreational sites

Strazzera, Elisabetta; Genius, Margarita; Scarpa, Riccardo - 2001

Selectivity bias caused by protest responses in Contingent Valuation studies can be detected and corrected by means of sample selection models. This paper compares two methods: the Heckman 2-steps method and the full ML, applied to data on forest recreation - where WTP is elicited as a...

Persistent link: https://www.econbiz.de/10011608859