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In: Diskussionsbeiträge 97-1
In: Springer eBook Collection
Capital theory is a cornerstone of modern economics. Its ideas are fundamental for dynamic equilibrium theory and its concepts are applied in many branches of economics like game theory, resource and environmental economics, although this may not be recognized on a first glance. In this monograph, an approach is presented, which allows to derive important results of capital theory in a coherent and readily accessible framework. A special emphasis is given on infinite horizon and overlapping generations economics. Irreversibility of time, or the failure of the market system appear in a different light if an infinite horizon framework is applied. To bridge the gap between pure and applied economic theory, the structure of our theoretical approach is integrated in a computable general equilibrium model
In: Diskussionsbeiträge
In: Serie 2 259
In: Diskussionsbeiträge 92-1
In: Structural change and economic dynamics, Band 4, Heft 1, S. 127-143
ISSN: 1873-6017
In: Zeitschrift für Nationalökonomie: Journal of economics, Band 45, Heft 1, S. 35-45
ISSN: 2304-8360
In: Schriften zur quantitativen Wirtschaftsforschung 4
In: ZEW - Centre for European Economic Research Discussion Paper No. 12-008
SSRN
Working paper
In: European Journal of Political Economy, Band 27, Heft 1, S. 1-16
In: European journal of political economy, Band 27, Heft 1, S. 1-16
ISSN: 1873-5703
We analyze the strategic interaction between mitigation and adaptation in a non-cooperative game in which regions are players and mitigation and adaptation are perfect substitutes in protecting against climate impacts. We allow for step by step decision making, with mitigation chosen first and adaptation second, and where the benefits of mitigation accrue only in the future. If marginal costs of adaptation decline with global mitigation, high income regions simultaneously invest in mitigation and adaptation. Low income regions engage in mitigation only. [Copyright Elsevier B.V.]
In: Springer-Lehrbuch; Ökonomische Ökologie, S. 17-43
In: Springer-Lehrbuch; Ökonomische Ökologie, S. 44-65
In: Springer-Lehrbuch; Ökonomische Ökologie, S. 89-113