Carbon leakage: Grandfathering as an incentive device to avert relocation

Emission allowances are often distributed for free in an early phase of a cap-and-trade scheme (grandfathering) to reduce adverse effects on the profitability of firms. If the grandfathering scheme is phased out over time, firms may nevertheless relocate to countries with a lower carbon price once the competitive disadvantage of their home industry becomes sufficiently high. We show that this is not necessarily the case. A temporary grandfathering policy can be a sufficient instrument to avert relocation in the long run, even if immediate relocation would be profitable in the absence of grandfathering. A necessary condition for this is that the permit price triggers investments in low-carbon technologies or abatement capital

Market Share Dynamics in a Model with Search and Word-of-Mouth Communication

This paper analyzes price competition in an infinitely repeated duopoly game. In each period, consumers remember the existence and location of their previous supplier. New information is gathered via search or word-of-mouth communication. Market outcomes are history-dependent, and the Markov perfection refinement is used to narrow the set of equilibria. Firms are shown to use mixed pricing strategies in equilibrium. The resulting price dispersion generates non-trivial market share dynamics. The goal of the paper is to characterize these dynamics, and to reveal the driving forces behind them

The Impact of Class Size and Number of Students on Outcomes in Higher Education

Numerous studies have investigated the impact of class size on student outcomes. This analysis contributes to this discussion by examining the impact of class size on student outcomes in higher education. Additionally, this paper investigates the importance of student load (total number of students taught across all courses) in educational outcomes. We find that both class size and student load negatively impact student assessments of courses and instructors. Large classes and heavy student loads appear to prompt faculty to alter their courses in ways deleterious to students

Carbon leakage: Grandfathering as an incentive device to avert relocation

Emission allowances are often distributed for free in an early phase of a cap-and-trade scheme (grandfathering) to reduce adverse effects on the profitability of firms. If the grandfathering scheme is phased out over time, firms may nevertheless relocate to countries with a lower carbon price once the competitive disadvantage of their home industry becomes sufficiently high. We show that this is not necessarily the case. A temporary grandfathering policy can be a sufficient instrument to avert relocation in the long run, even if immediate relocation would be profitable in the absence of grandfathering. A necessary condition for this is that the permit price triggers investments in low-carbon technologies or abatement capital.climate policy; emissions trading; grandfathering; leakage; cap-and-trade

Centrifuge impact cratering experiments: Scaling laws for non-porous targets

This research is a continuation of an ongoing program whose objective is to perform experiments and to develop scaling relationships for large body impacts onto planetary surfaces. The development of the centrifuge technique has been pioneered by the present investigator and is used to provide experimental data for actual target materials of interest. With both powder and gas guns mounted on a rotor arm, it is possible to match various dimensionless similarity parameters, which have been shown to govern the behavior of large scale impacts. Current work is directed toward the determination of scaling estimates for nonporous targets. The results are presented in summary form

Laboratory simulation of cratering on small bodies

A new technique using external pressure was developed to simulate the lithostatic pressure due to self-gravity of small bodies. A 13-in. diameter cylindrical test chamber with L/D of 1 was fabricated to accommodate firing explosive charges with gas overpressures of up to 6000 psi. The chamber was hydrotested to 9000 psi. The method allows much larger scale factors that can be obtained with existing centrifuges and has the correct spherical geometry of self gravity. A simulant for jointed rock to be used in this fixture was developed using weakly cemented basalt. Various strength/pressure scaling theories can now be examined and tested

Centrifuge impact cratering experiments: Scaling laws for non-porous targets

A geotechnical centrifuge was used to investigate large body impacts onto planetary surfaces. At elevated gravity, it is possible to match various dimensionless similarity parameters which were shown to govern large scale impacts. Observations of crater growth and target flow fields have provided detailed and critical tests of a complete and unified scaling theory for impact cratering. Scaling estimates were determined for nonporous targets. Scaling estimates for large scale cratering in rock proposed previously by others have assumed that the crater radius is proportional to powers of the impactor energy and gravity, with no additional dependence on impact velocity. The size scaling laws determined from ongoing centrifuge experiments differ from earlier ones in three respects. First, a distinct dependence of impact velocity is recognized, even for constant impactor energy. Second, the present energy exponent for low porosity targets, like competent rock, is lower than earlier estimates. Third, the gravity exponent is recognized here as being related to both the energy and the velocity exponents

Market Share Dynamics in a Model with Search and Word-of-Mouth Communication

This paper analyzes price competition in an infinitely repeated duopoly game. In each period, consumers remember the existence and location of their previous supplier. New information is gathered via search or word-of-mouth communication. Market outcomes are history-dependent, and the Markov perfection refinement is used to narrow the set of equilibria. Firms are shown to use mixed pricing strategies in equilibrium. The resulting price dispersion generates non-trivial market share dynamics. The goal of the paper is to characterize these dynamics, and to reveal the driving forces behind them.repeat purchasing; search; customer loyalty; lock-in; mixed pricing

The Timing of Climate Agreements under Multiple Externalities

We study the potential of cooperation in global emission abatements with multiple externalities. Using a two-country model without side-payments, we identify the strategic effects under different timing regimes of cooperation. We obtain a positive complementarity effect of long-term cooperation in abatement on R&D levels that boosts potential bene?t of long-term cooperation and a redistributive effect that destabilizes long-term cooperation when countries are asymmetric. We show that whether and what type of cooperation is sustainable, depends crucially on the kind rather than on the magnitude of asymmetries