42 research outputs found
International Emission Policy with Lobbying and Technological Change
I examine the implementation of emission policy in a union of countries. Production in any country incurs emissions that pollute all over the union, but efficiency in production can be improved by research and development (R&D). I compare four cases: laissez-faire, Pareto optimal policy, lobbying with centrally-determined emission quotas and lobbying with emission trade. The main findings are as follows. With emission quotas, the growth rate is socially optimal, but welfare sub-optimal. Emission trade speeds up growth from the initial position of laissez-faire, but slows down from the initial position of centrally-determined emission quotas
Managing Post-Privatisation Political and Regulatory Risks in Nigeria—a Law and Policy Perspective
International emission policy with lobbying and technological change
I examine emission policy in a union of countries when production in any country incurs emissions that pollute all over the union, but efficiency in production is improved by research and development (R&D). I compare four cases: Laissez-faire, Pareto optimal policy, and the case of a self-interested central planner that decides on nontraded or traded emission quotas. I show that with nontraded quotas, the growth rate is socially optimal, but welfare sub-optimal. Trade in quotas speeds up growth from the initial position of laissez-faire, but slows down growth from the initial position of nontraded quotas
Transit Provisions of the Energy Charter Treaty and the Energy Charter Protocol on Transit
“Itô's Lemma” and the Bellman Equation for Poisson Processes: An Applied View
stochastic differential equation, Poisson process, Bellman equation, portfolio optimization, consumption optimization, C61, D81, D90, G11,
Proof of global stability, transitional dynamics, and international capital flows in a two-country model of innovation and growth
convergence, international trade, international capital flows, stability, endogenous growth, F12, O41,