341 research outputs found
International Redistribution of Resource Rents: An alternative perspective on the Kyoto process
The purpose of this paper is to elucidate the resource rent distribution aspect of the Kyoto process. The paper focuses on the “battle for resource rents” with oil consuming countries on one side and oil producing countries on the other. Our analysis is carried out within the framework of a theoretical model of resource extraction over time. In particular, it is shown how CO2 emission caps may be used by the oil consuming countries, acting under the realm of the Kyoto process, to maximize the rent acquisition from oil producing countries and how the oil producing countries may constrain this possibility by exercising market power. The paper also compiles data and numerical results regarding the order of magnitudes of resource rents redistribution.Resource rents, environmental taxes, market form
International Redistribution of Resource Rents: An alternative perspective on the Kyoto process
The purpose of this paper is to elucidate the resource rent distribution aspect of the Kyoto process. The paper focuses on the “battle for resource rents” with oil consuming countries on one side and oil producing countries on the other. Our analysis is carried out within the framework of a theoretical model of resource extraction over time. In particular, it is shown how CO2 emission caps may be used by the oil consuming countries, acting under the realm of the Kyoto process, to maximize the rent acquisition from oil producing countries and how the oil producing countries may constrain this possibility by exercising market power. The paper also compiles data and numerical results regarding the order of magnitudes of resource rents redistribution.Resource rent; environmental taxes; market form
System and Decision Sciences at IIASA 1973-1980
This report contains a brief history of the past achievements of the System and Decision Sciences Area at IIASA, and a summary of its current and future research directions. There is a comprehensive list of the scientific staff of the Area since 1973, together with a list of their publications; abstracts of the most recent reports and biographies of the scholars working in the Area in 1980 are also included
Provision of reserve capacity on the Nordic electricity market: Principles and practises
System reliability is a key aspect of electricity supply, and the ability to maintain system reliability thus is an important aspect of a liberalised electricity market. But system reliability can be ensured only if there is sufficient reserve capacity at all times. In a liberalised electricity market the provision of reserve capacity is a matter of incentives. The Nordic electricity market, comprising of the integrated Danish, Finnish, Norwegian and Swedish electricity markets, has worked well from a system reliability point of view. A key factor behind this favourable outcome is that the incentives for keeping sufficient reserve capacity have been strong enough. The reason for this is an adequate institutional design point. More precisely the set of markets that is commonly called “the electricity market” includes both regulation and capacity markets, and rules and regulations are such that these markets are wellfunctioning.Nordic electricity market; reserve capacity; peak capacity; capacity market.
Changes in Comparative Advantages and Paths of Structural Adjustment and Growth in Sweden, 1975-2000
This report is part of a series focusing on the analysis of the impacts of various growth and adjustment consequences for urban areas in the small, open economy of Sweden and of external and internal changes in its comparative advantages. The report is a joint study of the Urban Change Task of the Human Settlements and Services Areas and the Economic Modeling Task of the System and Decision Sciences Area
THE NORDIC MARKET: SIGNS OF STRESS?
The supply shock that hit the Nordic electricity market in 2002-2003 put the market to a severe test. A sharp reduction in inflow to hydro reservoirs during the normally wet months of late autumn pushed electricity prices to unprecedented levels. We take this event as the starting point for analysing some potential weaknesses of the Nordic market. We conclude that fears regarding supply security and adequacy are likely to be unfounded. Nevertheless, as inherited over-capacity is eroded, and new market-based environmental regulation takes effect, tighter market conditions are to be expected. It is then crucial that retail markets are fully developed so as to allow consumers to adequately protect themselves from occurrences of price spikes.Production; Pricing; and Market Structure; Size Distribution of Firms; Firm Performance: Size; Diversification; and Scope; Retail and Wholesale Trade; e-Commerce; Air Transportation; Organizational Behavior; Transaction Costs; Property Rights; Oligopoly and Other Forms of Market Imperfection.
IIASA Reports (Premier Issue: Aspects of Energy), 1(1):i-ix,1-280 (January-March 1980)
This inaugural issue of IIASA REPORTS focuses on energy, a major program of the Institute since its inception in 1973. The papers it contains acknowledge both the complexity of the energy problem itself and the variety in approach taken at IIASA. They are selected not only from the Energy Program work, but also from that of the System and Decision Sciences and Management and Technology Areas.
Reports included are:
-- Lars Bergman, "Energy Policy in a Small Open Economy: The Case of Sweden;"
-- Yu. Kononov and A. Por, "The Economic Impact Model;"
-- C. Marchetti and N. Nakicenovic, "The Dynamics of Energy Systems and the Energy Substitution Model;"
-- Charles R. Bell, "Solar Options in Central Europe;" and
-- Jyoti K. Parikh and Kirit S. Parikh "Simulation of Macroeconomic Scenarios to Assess the Energy Demand for India (SIMA)."
The issue includes a report on a Workshop on Nuclear Accident Preparedness and Management as well as a profile of IIASA
Collusion with private and aggregate information
This paper considers three linear asymmetric oligopoly models with (i) a representative consumer, (ii) horizontal differentiation and (iii) vertical differentiation. We show that firms could maximize the joint-profit only based on private and aggregate information. They can choose the “correct“ colluding prices without knowing the demand or profit function. The collusive outcome is a natural focal point despite firms are asymmetric. Collusion can be incentive compatible even though individual actions (prices) are not observed. -- Der Beitrag untersucht drei linear asymmetrische Oligopol-Modelle mit (i) einem repräsentativen Verbraucher, (ii) horizontaler Differenzierung und (iii) vertikaler Differenzierung. Es wird gezeigt, daß Firmen in der Lage sind, den Gesamtprofit allein auf der Grundlage privater und gemeinschaftlicher Information zu maximieren. Sie können zur „richtigen“ Absprache des Preises gelangen, ohne die Nachfrage- oder Gewinn-Funktion zu kennen. Die Absprache stellt einen natürlichen Gleichgewichtspunkt dar, ungeachtet asymmetrischer Verhältnisse. Die Absprache kann anreizkompatibel sein, auch wenn individuelle Aktionen (Preise) nicht beobachtet werden.
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