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Rapacious Resource Depletion, Excessive Investment and Insecure Property Rights

van der Ploeg, Rick - 2013

For a country fractionalized in competing factions, each owning part of the stock of natural exhaustible resources, or with insecure property rights, we analyze how resources are transformed into productive capital to sustain consumption. We allow property rights to improve as the country...

Persistent link: https://www.econbiz.de/10013095003

Fueling Growth when Oil Peaks: Directed Technological Change and the Limits to Efficiency

André, Francisco J.; Smulders, Sjak - CESifo - 2012

While fossil energy dependency has declined and energy supply has grown in the postwar world economy, future resource scarcity could cast its shadow on world economic growth soon if energy markets are forward looking. We develop an endogenous growth model that reconciles the current aggregate...

Persistent link: https://www.econbiz.de/10010586070

What Should We Expect from Innovation? A Model-Based Assessment of the Environmental and Mitigation Cost Implications of Climate-Related R&D

Bosetti, Valentina - 2013

This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can … innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies … technical progress in the energy sector. We evaluate a range of innovation policies, both as a stand-alone instrument and in …

Persistent link: https://www.econbiz.de/10013094894

Private versus Social Incentives for Pharmaceutical Innovation

Gonzalez, Paula - 2016

We provide a theoretical framework to contribute to the current debate regarding the tendency of pharmaceutical companies to direct their R&D toward marketing products that are “follow-on” drugs of already existing drugs, rather than toward the development of breakthrough drugs. We construct...

Persistent link: https://www.econbiz.de/10013000227

Climate Effects of Carbon Taxes, Taking into Account Possible Other Future Climate Measures

Habermacher, Florian; Kirchgässner, Gebhard - CESifo - 2011

The increase of fuel extraction costs as well as of temperature will make it likely that in the medium-term future technological or political measures against global warming may be implemented. In assessments of a current climate policy the possibility of medium-term future developments like...

Persistent link: https://www.econbiz.de/10008914276

The Supply Side of CO2 with Country Heterogeneity

Hoel, Michael - CESifo - 2011

Several recent articles have analyzed climate policy giving explicit attention to the non-renewable character of carbon resources. In most of this literature the economy is treated as a single unit, which in the context of climate policy seems reasonable to interpret as the whole world. However,...

Persistent link: https://www.econbiz.de/10008914283

Unintended Detrimental Effects of Environmental Policy: The Green Paradox and Beyond

Werf, Edwin van der; Maria, Corrado Di - CESifo - 2011

Well-intended policies aimed at reducing greenhouse gas emissions may have unintended undesirable consequences. Recently, a large literature has emerged showing under what conditions this so-called ‘Green Paradox’ may occur. We review this literature and identify the key mechanisms behind...

Persistent link: https://www.econbiz.de/10009024839

Is there a Green Paradox?

Hoel, Michael - CESifo - 2010

A sufficiently rapidly rising carbon tax may increase near-term emissions compared with the case of no carbon tax. Even so, such a carbon tax path may reduce total costs related to climate change, since the tax may reduce total carbon extraction. A government cannot commit to a specific carbon...

Persistent link: https://www.econbiz.de/10008671724

Taxes versus Cap-and-Trade in Climate Policy when only some Fuel Importers Abate

Strand, Jon - CESifo - 2010

I study climate policy choices for a “policy bloc” of fuel-importers, when a “fringe” of other fuel importers have no climate policy, fuel exporters consume no fossil fuels, and importers produce no such fuels. The policy bloc and exporter blocs act strategically in fossil fuel markets....

Persistent link: https://www.econbiz.de/10008727280

UK Natural Gas: Gas-Specific or Oil Driven Pricing?

Asche, Frank; Oglend, Atle; Osmundsen, Petter - CESifo - 2013

In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model where relative prices can move between pricing-regimes; markets switch between being decoupled and integrated. Our model endogenously accounts for periods where oil and natural...

Persistent link: https://www.econbiz.de/10010721610

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