Arbeitspapier
Buy coal for preservation and act strategically on the fuel market
In Harstad´s (2012) model, climate damage only hits one group of countries, called the coalition, and the coalition´s climate policy consists of capping own fuel demand and supply combined with the purchase of fossil fuel deposits for preservation. Harstad´s Theorem 1 states that if the deposit market clears the coalition´s strategic fuel-cap policy implements the first-best. The present paper reconstructs that efficiency result and argues that the deposit market equilibrium as defined in Harstad (2012) fails to be attained, unless the non-coalition countries act cooperatively on the deposit market. Without such cooperation, the coalition´s strategic action on the fuel market distorts the allocation to its own favor.
- Language
-
Englisch
- Bibliographic citation
-
Series: Volkswirtschaftliche Diskussionsbeiträge ; No. 178-15
- Classification
-
Wirtschaft
Nonrenewable Resources and Conservation: Demand and Supply; Prices
Nonrenewable Resources and Conservation: Government Policy
Environmental Economics: Technological Innovation
- Subject
-
climate coalition
fossil fuel
deposits
extraction
fuel caps
- Event
-
Geistige Schöpfung
- (who)
-
Eichner, Thomas
Pethig, Rüdiger
- Event
-
Veröffentlichung
- (who)
-
Universität Siegen, Fakultät III, Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht
- (where)
-
Siegen
- (when)
-
2015
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Eichner, Thomas
- Pethig, Rüdiger
- Universität Siegen, Fakultät III, Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht
Time of origin
- 2015
Other Objects (12)
Buy coal for preservation and act strategically on the fuel market
Buy coal to mitigate climate damage and benefit from strategic deposit action
Unilateral mitigation of climate damage via purchase of fossil fuel deposits
Forging a global environmental agreement through trade sanctions on free riders?
Phase-out of 'coal to power' in an ETS
Unilateral Phase-Out of Coal to Power in an Emissions Trading Scheme
The carbon-budget approach to climate stabilization: Costeffective subglobal versus global action
Efficient management of insecure fossil fuel imports through taxing (!) domestic green energy?
Incidence of unilateral consumption taxes on world carbon emissions
Corrective Taxation for Curbing Pollution and Promoting Green Product Design and Recycling
Stable climate coalitions (Nash) and international trade
Petchey's (2015) Extension of Oates & Schwab's (1988) Efficiency Result Revisited
Buy coal for preservation and act strategically on the fuel market
Buy coal to mitigate climate damage and benefit from strategic deposit action
Unilateral mitigation of climate damage via purchase of fossil fuel deposits
Forging a global environmental agreement through trade sanctions on free riders?
Phase-out of 'coal to power' in an ETS
Unilateral Phase-Out of Coal to Power in an Emissions Trading Scheme
The carbon-budget approach to climate stabilization: Costeffective subglobal versus global action
Efficient management of insecure fossil fuel imports through taxing (!) domestic green energy?
Incidence of unilateral consumption taxes on world carbon emissions
Corrective Taxation for Curbing Pollution and Promoting Green Product Design and Recycling
Stable climate coalitions (Nash) and international trade
Petchey's (2015) Extension of Oates & Schwab's (1988) Efficiency Result Revisited
Buy coal for preservation and act strategically on the fuel market
Buy coal to mitigate climate damage and benefit from strategic deposit action
Unilateral mitigation of climate damage via purchase of fossil fuel deposits
Forging a global environmental agreement through trade sanctions on free riders?
Phase-out of 'coal to power' in an ETS
Unilateral Phase-Out of Coal to Power in an Emissions Trading Scheme
The carbon-budget approach to climate stabilization: Costeffective subglobal versus global action
Efficient management of insecure fossil fuel imports through taxing (!) domestic green energy?
Incidence of unilateral consumption taxes on world carbon emissions
Corrective Taxation for Curbing Pollution and Promoting Green Product Design and Recycling
Stable climate coalitions (Nash) and international trade