Suche
Ergebnisse
-
Climate Policy and Equity Principles
(2012)Policy Brief SeriesThe paper proposes a general rule for burden sharing in international climate policy. Starting from basic equity principles and considering economic development it derives a simple equation for a fair international allocation of greenhouse emission entitlements. The fairness rule com- prises both egalitarian and efficiency aspects, which appear to be crucial for political acceptance. Carbon budgets for the di¤erent countries are calculated ...Working Paper -
Optimum Protection of Agricultural Soils with Endogenous Stochastic Degradation
(2015)Working Paper -
Twenty Key Questions in Environmental and Resource Economics
(2019)Economics Working Paper SeriesEconomic and ecological systems are closely interlinked at a global and a regional level, offering a broad variety of challenging research topics in environ- mental and resource economics. The successful identification of key questions for current and future research supports development of novel theories, empirical applications, and appropriate policy designs. It allows establishing a future- oriented research agenda whose ultimate ...Working Paper -
Optimum growth and carbon policies with lags in the climate system
(2014)Economics Working Paper SeriesWorking Paper -
Existence of equilibria in exhaustible resource markets with economies of scale and inventories
(2014)Economics Working Paper SeriesThe paper proves the existence of equilibrium in nonrenewable resource markets when extraction costs are non-convex and resource storage is possible. Inventories flatten the consumption path and eliminate price jumps at the end of the extraction period. Market equilibrium becomes then possible, contradicting previous claims from Eswaran, Lewis and Heaps (1983). We distinguish between two types of solutions, one with immediate and one with ...Working Paper -
Endogenous growth, asymmetric trade and resource taxation
(2010)Economics Working Paper SeriesSince 1980, the aggregate income of oil-exporting countries relative to that of oil-poor countries has been remarkably constant despite structural gaps in productivity growth rates. This stylized fact is analyzed in a two-country model where resource- poor (Home) and resource-rich (Foreign) economies display productivity differences but stable income shares due to terms-of-trade dynamics. We show that Home's income share is positively ...Working Paper -
Market concentration and the likelihood of financial crises
(2010)Economics Working Paper SeriesAccording to theory, market concentration affects the likelihood of a financial crisis in different ways. The “concentration-stability” and the “concentrationfragility” hypotheses suggest opposing effects operating through specific channels. Using data of 160 countries for the period 1970-2007, this paper empirically tests these indirect effects of financial market structure. We set up a simultaneous system in order to jointly estimate ...Working Paper -
Carbon pricing, technology transition, and skill-based development
(2018)Economics Working Paper SeriesWorking Paper -
Use less, pay more: Can climate policy address the unfortunate event for being poor?
(2012)Economics Working Paper SeriesThe paper develops a two-region endogenous growth model with climate change affecting the countries capital stocks negatively. We compare two different policies aimed at supporting less developed countries: climate mitigation by rich countries, which diminishes the increase in stock pollution and hence capital depreciation, and income transfers in the tradition of development aid. Under a mild set of assumptions we fi nd that active climate ...Working Paper -
Equity and the convergence of nationally determined climate policies
(2016)Economics Working Paper SeriesWorking Paper