Optimal compliance with emission constraints: dynamic characteristics and the choice of technique

Winkler, Ralph (2008). Optimal compliance with emission constraints: dynamic characteristics and the choice of technique. Environmental & resource economics, 39(4), pp. 411-432. Springer 10.1007/s10640-007-9133-4

[img] Text
Boris5.pdf - Published Version
Restricted to registered users only
Available under License Publisher holds Copyright.

Download (475kB) | Request a copy

The paper analyzes how to comply with an emission constraint, which restricts the use of an established energy technique, given the two options to save energy and to invest in two alternative energy techniques. These techniques differ in their deterioration rates and the investment lags of the corresponding capital stocks. Thus, the paper takes a medium-term perspective on climate change mitigation, where the time horizon is too short for technological change to occur, but long enough for capital stocks to accumulate and deteriorate. It is shown that, in general, only one of the two alternative techniques prevails in the stationary state, although, both techniques might be utilized during the transition phase. Hence, while in a static economy only one technique is efficient, this is not necessarily true in a dynamic economy.

Item Type:

Journal Article (Original Article)

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Department of Economics
10 Strategic Research Centers > Oeschger Centre for Climate Change Research (OCCR)

UniBE Contributor:

Winkler, Ralph

Subjects:

300 Social sciences, sociology & anthropology > 330 Economics

ISSN:

0924-6460

Publisher:

Springer

Language:

English

Submitter:

Ralph Winkler

Date Deposited:

28 Aug 2014 09:12

Last Modified:

13 Apr 2016 09:38

Publisher DOI:

10.1007/s10640-007-9133-4

BORIS DOI:

10.7892/boris.49831

URI:

https://boris.unibe.ch/id/eprint/49831

Actions (login required)

Edit item Edit item
Provide Feedback