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As time passes, renewable resource scarcities are becoming more common throughout the world. There is increasing evidence that these scarcities are a causal factor in civil unrest and violent conflict, especially in developing countries. We present a simple model of renewable resource dynamics,...
Persistent link: https://www.econbiz.de/10011608442
In a dynamic model of a risk-neutral competitive firm which can lower its pollution emissions per unit of output by building up abatement capital stock, we examine the effect of a higher pollution tax rate on abatement investment both under full certainty and when the timing or the size of the...
Persistent link: https://www.econbiz.de/10011608443
behaviour, formulated in terms of maximisation of utility in general, or profits in particular. The standard theory of … environmental economics behavioural assumptions have been most significant for the development of economic valuation theory and … environmental policy theory. The focus here will be on environmental policy theory. …
Persistent link: https://www.econbiz.de/10011608445
A well-known fact in the time series of aggregate output is the persistence of shocks. This paper argues that the empirical relation between the expected growth rate of a firm and its size provides a microfoundation of aggregate persistence. In fact, the empirical evidence claims that small...
Persistent link: https://www.econbiz.de/10011608446
We derive a theoretically consistent welfare measure that is to be interpreted as a "green" net national product (NNP). In our framework, environmental deterioration is modelled as an undesirable, but inherent by-product of economic activities consuming the resource base. A major advantage of...
Persistent link: https://www.econbiz.de/10011608448
This paper reviews recent developments in the study of the so-called "double dividend", i.e. the possibility of improving the environment and, at the same time, reducing the distortions of the tax system through revenue-neutral green taxes. Recent modeling advances are considered at both the...
Persistent link: https://www.econbiz.de/10011608449
This paper surveys recent advances in climate models by emphasising how quantitative instruments can answer the main crucial questions addressed by the policymakers involved and therefore aid the formulation of effective global climate policies. The limits of existing models are highlighted and...
Persistent link: https://www.econbiz.de/10011608450
This paper explores the issue of whether strict liability imposed on polluters has served to reduce uncontrolled releases of toxics into the environment. To answer this question, we exploit the variation in state hazardous waste site laws across states and over time. We use data on accidents and...
Persistent link: https://www.econbiz.de/10011608451
In this paper we focus on how an international carbon treaty will influence the exploration of oil in Non-OPEC countries. We present a numerical intertemporal global equilibrium model for the fossil fuel markets. The international oil market is modelled with a cartel (OPEC) and a competitive...
Persistent link: https://www.econbiz.de/10011608453
An important evaluation problem in developing countries is assessing the value and optimal use of environmental resources as inputs into production. This is a key methodology required for many general evaluation approaches, e.g. ensuring the most efficient use of a resource requires...
Persistent link: https://www.econbiz.de/10011608454