892 research outputs found

    Assessing Optimal CO2 Abatement Policies for the Kyoto Protocol: A Genetic Algorithms Approach

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    In 1997, the third Conference of the Parties (COP3) to the United Nations Framework on Climate Change was held. Commitments were set for reducing greenhouse gas emissions in developed countries. Several models have been developed in order to analyze CO2 abatement policies. These models should be categorized as global models considering the wide scale of global warming. Some of those models, however, analyze the policies on a one-country basis and models of global content divide the world into certain regions. It is meaningless to implement the same policies to a region. A multi-country model is preferable to such models. Thus, we have constructed a macroeconometric model linked with an energy model to assess CO2 abatement policies applying genetic algorithms to quantify the optimal policy in favor of the Kyoto Protocol. In this paper, the case of Japan is presented with the intent to analyze optimal policy in a multi-country context.

    A global multi-sectoral model in local currencies

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    Economic agents make their decisions by focusing on the economic performance of their economies in their currencies rather than in a foreign currency. This shows that a multi-country economic model in local currencies is suitable to analyze global economic issues. However, international input-output tables are denominated in a specific currency such as the US dollar. Employing the OECD Intercountry Input-Output Tables, this paper presents a method to convert the international input-output tables in U.S. dollars and current prices to those in local currencies and constant prices. In addition, the structure of a global model with economies of scale and imperfect competition is illustrated. A numerical example is also demonstrated in order to show the applicability of the model

    Economic Interdependence in Northeast Asia:Production Side Perspective with Emphasis on Russia

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    DEVELOPMENT OF SOUND PROOF WINDOWS FOR HOUSE IN VIETNAM

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    Joint Research on Environmental Science and Technology for the Eart

    IMPORTANCE OF CROSS-CULTURAL STUDIES FOR A GLOBAL NOISE POLICY

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    Joint Research on Environmental Science and Technology for the Eart

    Price Competition or Tacit Collusion

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    Every now and then, we observe a fierce price war in a real world market, through which competing firms end up with a Bertrand-like price competition equilibrium. Despite this, very little has been known in the existing literature as to why a price competition market is formed. We address this question in the context of a choice between engaging in price competition and holding a price leader. Focusing on a duopoly market, we demonstrate that if supply is tight relative to demand, and if the cost differential between firms is reasonably large, a price competition market is formed non-cooperatively.Keywords: Price Competition, Price Leader, Market Organization Game

    PRELIMINARY SURVEY ON COMMUNITY RESPONSE TO ROAD TRAFFIC NOISE IN HANOI

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    Joint Research on Environmental Science and Technology for the Eart
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