Titelaufnahme

Titel
Buying versus leasing fuel deposits for preservation / Thomas Eichner, Gilbert Kollenbach, Mark Schopf
VerfasserEichner, Thomas In der Gemeinsamen Normdatei der DNB nachschlagen ; Kollenbach, Gilbert In der Gemeinsamen Normdatei der DNB nachschlagen ; Schopf, Mark In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenSiegen : Universität Siegen, Fakultät III, Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht, April 2018
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (46 Seiten) : Diagramme
SerieVolkswirtschaftliche Diskussionsbeiträge ; no. 186-18
SchlagwörterFossiler Brennstoff In Wikipedia suchen nach Fossiler Brennstoff / Brennstoffwirtschaft In Wikipedia suchen nach Brennstoffwirtschaft / Lager In Wikipedia suchen nach Lager / Kauf In Wikipedia suchen nach Kauf / Miete In Wikipedia suchen nach Miete
URNurn:nbn:de:hbz:6:2-103586 Persistent Identifier (URN)
Zugriffsbeschränkung
 Das Dokument ist frei verfügbar.
Dateien
Buying versus leasing fuel deposits for preservation [0.48 mb]
Zusammenfassung

In a two-period model with two groups of countries that extract, trade and consume fossil fuel, a climate coalition fights against climate damage by purchasing or leasing deposits to prevent their extraction, and seeks to manipulate the fuel prices in its favor. The deposit-purchase policy is inefficient since it leaves the first-period climate damage externality non-internalized, which is in stark contrast to the efficiency of the deposit-purchase policy in static models. However, for a subset of economies the deposit-lease policy turns out to be efficient. It internalizes the climate damage externalities and makes strategic action in the fuel markets ineffective. Finally, we compare the deposit-lease policy and the deposit-purchase policy in an empirically calibrated economy. If strategic action pays in the fuel markets, a transition from the deposit-purchase policy to the deposit-lease policy increases the coalition's welfare if the discount rate is small.

Klassifikation
Links
Nachweis