By Peter Michaelis, Frank Stähler
Peter Michaelis and Frank Stahler This publication bargains with contemporary coverage concerns in environmental and source economics. to gather articles on contemporary coverage concerns is naturally continually additionally a query of style. This quantity attempts to symbolize a wide variety of papers which covers the double dividend speculation, the position of non-profit firms for environmental guidelines, alternate implications and overseas environmental agreements. It involves components, an element on household coverage matters and an element on foreign coverage matters. A separate half on overseas coverage concerns shouldn't have been at the time table while this quantity could were released twenty years in the past. yet foreign and international environmental difficulties are assorted from basically nationwide difficulties and deserve a different technique. despite the fact that, additionally household rules face new demanding situations. One new concentration of family regulations is the dialogue at the courting among environmental advantages and different coverage pursuits. 'Some comments at the Double Dividend speculation' by way of Christian Scholz offers with this dialogue. against a few contemporary papers it truly is came across that the chance for a double dividend relies principally at the substitutability features of taxed commodities.
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Peter Michaelis and Frank Stahler This publication bargains with contemporary coverage matters in environmental and source economics. to gather articles on contemporary coverage concerns is naturally consistently additionally a question of flavor. This quantity attempts to symbolize a large variety of papers which covers the double dividend speculation, the position of non-profit agencies for environmental regulations, exchange implications and foreign environmental agreements.
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Additional info for Recent Policy Issues in Environmental and Resource Economics
INTRODUCTION There is little disagreement about the need for tighter policy measures to avoid a further environmental degradation. It is also widely accepted that economic instruments will achieve this objective in a wide range of circumstances more efficiently than other policy measures. Still, there is concern over side effects of such environmental policies, because they might negatively affect employment in the economy, they might create undesirable distributive impacts, and they might disturb international trade relations by changing the competitiveness of export industries.
Additionally, nO> nco) implies that the optimal path induces a later terminal date. Frank Stiihler and Peter Michaelis 42 Next, (16) can be rearranged and be written as an implicit function: [ J[ y o q 2e «I>(t,1t)= W - - 1:- r(t-f) r + e2r(t-f)] 2·I --=0 1t 2r (17a) (17b) (17c) (17d) S(t) no-risk path optimal path A T Figure 3: T T* No-risk path, second-best path and optimal path. (17d) shows that 1: =0 cannot solve the implicit function «I>(1:,1t), and (17b) shows that «I>(1:,1t) is increased by an increasing 1:.
For larger magnitudes of c an internal equilibrium in the price game is only guaranteed if the product varieties chosen in the first stage of the game are located within a certain existence region described by condition (7). The main results of the present Section are summarised in the following Proposition: Proposition 1. Assume linear disutility and constant per unit production cost of Cj[ail = car. 2 and 4. pi =[8(al +(2)+ pi = ca~. EQUILIBRIUM IN THE VARIETY GAME In the first stage of the game both suppliers choose a product variety aiE [0,1].
Recent Policy Issues in Environmental and Resource Economics by Peter Michaelis, Frank Stähler