Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/26537
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dc.contributor.authorHoel, Michaelen_US
dc.date.accessioned2009-02-18en_US
dc.date.accessioned2009-07-28T08:48:02Z-
dc.date.available2009-07-28T08:48:02Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/26537-
dc.description.abstractFossil fuels are non-renewable carbon resources, and the extraction path of these resources depends both on present and future demand. When this Hotelling feature is taken into consideration, the whole price path of carbon fuel will shift downwards as a response to the reduced cost of the renewable substitute. An implication of this is that greenhouse gas emissions in the near future may increase as a response to the reduced cost of the renewable substitute. If this is the case, increased climate costs may outweigh the benefits of reduced costs of a substitute, thus reducing overall social welfare.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working paper|x2492en_US
dc.subject.jelQ30en_US
dc.subject.jelQ42en_US
dc.subject.jelQ54en_US
dc.subject.ddc330en_US
dc.subject.keywordClimate changeen_US
dc.subject.keywordexhaustible resourcesen_US
dc.subject.keywordrenewable energyen_US
dc.subject.stwKlimaveränderungen_US
dc.subject.stwErschöpfbare Ressourcenen_US
dc.subject.stwRegenerative Energieen_US
dc.subject.stwTreibhausgasen_US
dc.subject.stwHotelling-Regelen_US
dc.subject.stwSoziale Wohlfahrtsfunktionen_US
dc.subject.stwTheorieen_US
dc.titleBush meets hotelling: effects of improved renewable energy technology on greenhouse gas emissionsen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn591998971en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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