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Permit Markets with Political and Market Distortions

This article investigates cap-and-trade markets in the presence of both political and market distortions. We create a model where dominant firms have the ability to rent seek for a share of pollution ... European Union Emissions Trading Scheme (Zapfel 2007; Rode 2021) . Thus, within contemporary cap-and-trade markets, there exists the potential for both political and market distortions. Yet it is a priori

COVID-19 Regulations, Political Institutions, and the Environment

The COVID-19 pandemic was associated with short-term air quality improvements in many countries around the world. We study whether the degree of democracy and political institutions played a role. We ... restrictions explain these findings. Meanwhile, the political science, psychology and medical literatures argue that a population’s response to a crisis such as the pandemic depends on citizens’ trust in

There is only one más: Spanish que/de comparative alternation

spellout . Dordrecht: Springer. Baker , Mark. 1988 . Incorporation. Chicago: University of Chicago Press. Bale , Alan. 2008 . A universal scale of comparison . Linguistics and Philosophy 31 : 1 - 55 . https ... : Indefiniteness and islands . Linguistics and Philosophy 43 : 427 - 472 . Chierchia , Gennaro. 1998 . Reference to kinds across language . Natural Language Semantics 6 ( 4 ): 339 - 405 . Chomsky , Noam. 1957

Stranded Assets: How Policy Uncertainty affects Capital, Growth, and the Environment

natural degradation and environmental activism. We derive how uncertainty and political activism affect the risk premia for investors. We analyze the incentives for firms to increase the greenness of ... greenness of production in order to reduce political uncertainty. Stochastic taxation is shown to act as a substitute for green subsidies when uncertainty decreases in the ratio of green services to capital

The Effect of Natural Disasters on Hotel Demand, Supply and Labour Markets: Evidence from the La Palma Volcano Eruption

islotes. However, from a political viewpoint, the Canary Islands are considered to be composed of only seven islands. across an area of 12.2 square kilometres were destroyed in total (Gobierno de España ... risk of similar extreme events. In this regard, the quantification of the losses of natural disasters might be relevant for increasing social and political awareness of the need for mitigation policies

The environmental effects of the “twin” green and digital transition in European regions

term “transition” is broad, spanning the economic, social, cultural, and political spheres, here we focus our attention on its technological dimension. More specifically, this study examines the effects ... (exclusion restriction). Our IV strategy considers some (regional) institutional and political features that we use to instrument environmental technologies as exogenous drivers of regional GHG emissions. The

Potential Contributions of Political Science to Environmental Economics

While political science has much to offer, at least some of its contributions might be difficult to incorporate into economic models. Nevertheless, we argue that environmental economics might benefit ... and services.4 The APSA website lists a number of political science subfields, such as political theory, political philosophy, political ideology, political economy, policy studies and analysis

Greek non-negative min, epistemic modality, and positive bias

. Giannakidou , Anastasia, and Alda Mari . 2018 . The semantic roots of positive polarity: Epistemic modal verbs and adverbs . Linguistics and Philosophy 41 : 623 - 664 . https://doi.org/10.1007/s10988-018- 9235 ... . Hans J. Eikmeyer and Hannes Rieser , 38 - 74 . Berlin: de Gruyter. Kratzer , Angelika. 1989 . An investigation of the lumps of thought . Linguistics and Philosophy 12 : 607 - 653 . Kratzer , Angelika

Refunding Emission Payments: Output-Based Versus Expenditure-Based Refunding

maintaining output may be seen as a political advantage by policymakers if they seek to avoid activity reduction in the regulated sector. ... constant (to the first order); hence the abatement incentive and economic efficiency are, in principle, unaffected. However, a different political problem is created: how to allocate free permits. The same

Incidental Adaptation: The Role of Non-climate Regulations

failures, inducing adaptation. Given the political gridlock surrounding climate change mitigation efforts, understanding whether existing policies can induce climate adaptation is of particular importance ... , political polarization, and disagreement over the distribution of the costs of climate change mitigation, it has proven difficult to convince countries to join into an international agreement with significant

The Dutch disease revisited: consistency of theory and evidence

The Dutch disease literature reveals several gaps between empirical evidence and theoretical predictions. To bridge such gaps, I develop a model that accounts for uneven spillovers of technological progress from the resource sector to other domestic sectors. I then employ a dynamic panel approach to align the theory with the data. I find that the real exchange rate appreciation...

Court Decisions and Air Pollution: Evidence from Ten Million Penal Cases in India

research, investigate, and question witnesses. Indian judges are not elected, but appointed by other judges, which insulates them from direct political pressures but can raise questions about nepotism and ... ensure that the parties follow the court’s rules and the legal framework (Walpin 2003) . that, although the law and previous rules are relevant, other factors like lunch breaks, religion, political views

Social Costs of Setback Distances for Onshore Wind Turbines: A Model Analysis Applied to the German State of Saxony

, the question of the preferred level for a red kite setback distance therefore includes a question of political priorities, whether more weight should be given to better red kite protection or to lower ... that the matter of whether settlement setbacks should be made more restrictive or less restrictive involves a political priority decision to put greater weight on either better protection of residents or

Detecting variable force in imperatives: A modalized minimal approach

This paper draws attention to various environments in Greek which show that imperatives convey possibility and not necessity as widely assumed in the literature. The interaction of imperatives with other operators reveals the presence of an existential operator. At the same time, however, it is shown that imperatives cannot be analysed as invariably conveying possibility. Instead...

Spreading Environmental Economics Worldwide

is so useful. The integrity of the overall theory is maintained, while the authors still address the most important and sensitive environmental and political problems. This is exactly what good ... by political influences. Acknowledgements We would like to end by thanking the many referees who have helped us. All the papers were generally refereed by one referee within the collective of authors

EAERE Award for the Best Paper Published in Environmental and Resource Economics during 2021

committee is the following: The rapid move by the EU towards the introduction of its Carbon Border Adjustment Mechanism points to the widespread perception that carbon leakage is both a political and economic ... implement an original choice experiment for Geneva. It includes a wide set of attributes, that include not only the choice of perimeter, price and price modulation, but also some more political aspects of the

Sequence of tense and cessation implicatures: evidence from Polish

, Universitätsstr. 150, 44801 Bochum, Germany Abusch , Dorit. 1997 . Sequence of tense and temporal de re. Linguistics and Philosophy 20 ( 1 ): 1 - 50 . Altshuler , Daniel. 2008 . Narrative effects in Russian ... . Ryan . 2016 . Past time reference in a language with optional tense . Linguistics and Philosophy 39 ( 4 ): 247 - 294 . Bochnak , M. Ryan , Vera Hohaus, and Anne Mucha . 2019 . Variation in tense and

The European Green Deal, Energy Transition and Decarbonization

, Italy 1 Department of Political and International Sciences, University of Siena , Siena , Italy 2 Department of Economics and Management, University of Brescia , Brescia , Italy 3 Robert Schuman Center ... expect that all these topics and the related research lines will keep having a central stage in the academic and political debate in the next years. A few key elements seem to emerge from the studies

The Road to a Low Emission Society: Costs of Interacting Climate Regulations

layering policy actions can be excessive (Böhringer et al. 2009, 2016; Fankhauser et al. 2010; Karplus et al. 2013a) . Moreover, the use of multiple instruments is usually driven by political realities ... . Fifth, high initial taxation of ICEs has made it easier to use tax exemptions for EVs in Norway, instead of direct subsidies/payments. Since the political cost of direct subsidies is likely to be higher

Altruistic Foreign Aid and Climate Change Mitigation

degree of altruism in a political economy setting. Section  7 concludes. 2 Setting We consider n + 1 countries indexed by i ∈ {0, … , n}. Each country i ∈ {0, … , n} has exogenous wealth wi ∈ ℝ+ and ... about the distribution of wi. Note, moreover, that the term “country” is used generically and is not required to correspond to its standard political definition. In particular, country 0 may be viewed as