Individuals’ risk preferences may change after experiencing external socio-economic or natural shocks. Theoretical predictions and empirical studies suggest that risk taking may increase or decrease after…
Klimawandelbedingte Kosten entstehen in einer Kaskade von Wirkungsmechanismen und -kreisläufen, die jeweils mit zahlreichen Unsicherheiten verbunden sind. Die Menge der Treibhausgasemissionen bestimmt, wie sich…
Contributions to Edited Volumes and Conference Proceedings
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2017
This paper analyzes hybrid emissions trading systems (ETSs)under partitioned environmental regulation when firms' abatement costs and future emissions are uncertain. We show that hybrid policies that…
This paper examines the effects of knowledge diffusion on growth and the costs of climate policy. We develop a general equilibrium model with endogenous growth which represents knowledge diffusion between…
With the EU 2020 climate and energy package and the 2030 framework, the European Union has set clear objectives to be on track to reduce its greenhouse gas emissions by 80% compared to 1990 levels by 2050. The…
Environmental policies may have important consequences for firms’ competitiveness or profitability. However, the empirical literature shows that hardly any statistically significant effects on firms can be…