Arbeitspapier
Environmental damage and price taking behaviour by firms and consumers
Integrated assessment models lack a microeconomic foundation in modelling environmental damages to the economy. To overcome this, damage coefficients are incorporated in standard microeconomic models. Firms and consumers take both damages and prices as given. Demand, supply, profit and expenditure functions under damage coefficients are derived that allow easy implementation in applied economic models through appropriate price distortions related to such coefficients. For the consumer, Slutsky's equations are derived. The different speeds of equilibrium adjustment in economic and climate models is reconciled in the Recursive Equilibrium with Environmental Damages (REED). An exchange economy and Robinson Crusoe economy illustrate our approach.
- Sprache
-
Englisch
- Erschienen in
-
Series: DIW Discussion Papers ; No. 878
- Klassifikation
-
Wirtschaft
Energy: Demand and Supply; Prices
Valuation of Environmental Effects
Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
Consumer Economics: Theory
Consumer Economics: Empirical Analysis
Exchange and Production Economies
- Thema
-
Environmental damage
substitution effects
income effects
Slutsky's equations
equilibrium
Umweltbelastung
Mikroökonomik
Substitutionseffekt
Einkommenseffekt
Klimaschutz
Gleichgewichtstheorie
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Houba, Harold
Kremers, Hans
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Houba, Harold
- Kremers, Hans
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2009
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