Incentives and two-sided matching: engineering coordination mechanisms for social clouds
In: Studies on eOrganisation and Market Engineering 12
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In: Studies on eOrganisation and Market Engineering 12
World Affairs Online
In: Wasserwirtschaft: Hydrologie, Wasserbau, Boden, Ökologie ; Organ der Deutschen Vereinigung für Wasserwirtschaft, Abwasser und Abfall, Band 109, Heft 7-8, S. 104-105
ISSN: 2192-8762
In: Wasserwirtschaft: Hydrologie, Wasserbau, Boden, Ökologie ; Organ der Deutschen Vereinigung für Wasserwirtschaft, Abwasser und Abfall, Band 108, Heft 7-8, S. 68-69
ISSN: 2192-8762
In: Aktuelle Beiträge zum öffentlichen Recht 12
In: Internationalrechtliche Studien 40
In: Environmental and resource economics, Band 86, Heft 1-2, S. 109-145
ISSN: 1573-1502
AbstractThis paper develops a principal-agent model with adverse selection to analyse firms' decisions between an existing carbon-intensive technology and a new low-carbon technology requiring an externally funded initial investment. We find that a Pigouvian emission tax alone may result in credit rationing and under-investment in low-carbon technologies. Combining the Pigouvian tax with interest subsidies or loan guarantees resolves credit rationing and yields a first-best outcome. An emission tax set above the Pigouvian level can also resolve credit rationing and, in some cases, yields a first-best outcome. If a carbon price is (politically) not feasible, intervention on the credit market alone can promote low-carbon development. However, such a policy yields a second-best outcome. The issue of credit rationing is temporary if the risks of low-carbon technologies decline. However, there are social costs of delay if credit rationing is not addressed.
In: Environmental and Resource Economics. https://doi.org/10.1007/s10640-023-00789-z
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Working paper
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Working paper
In: The Energy Journal 39(;4);:;127-151, 2018. https:;/;/;doi.org/;10.5547/;01956574.39.4.chaa
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In: Energy economics, Band 133, S. 107466
ISSN: 1873-6181
In: Wasserwirtschaft: Hydrologie, Wasserbau, Boden, Ökologie ; Organ der Deutschen Vereinigung für Wasserwirtschaft, Abwasser und Abfall, Band 104, Heft 7-8, S. 98-99
ISSN: 2192-8762
In: Electoral Studies, Band 79, S. 102520
In: ENEECO-D-22-01429
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