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dc.contributor.authorHeinzel, Christophen_US
dc.date.accessioned2009-01-29en_US
dc.date.accessioned2010-07-15T09:40:56Z-
dc.date.available2010-07-15T09:40:56Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/36489-
dc.description.abstractFor power-plant investments, utilities rely after liberalisation on private financial markets, which are in general distorted. The (related) split of social and private time-preference rates provides a new reason for a welfare-enhancing policy intervention, complementary to environmental policy (Heinzel and Winkler 2007). This paper quantifies it and studies its relevance for the German power industry around 2015. The distortions remain moderate as compared to other investment subsidies. However, in contrast to environmental policy alone, its additional implementation makes nuclear power the first option even in the nuclear high-cost scenario. Both policies enhance ecological structural change, which end-of-pipe abatement delays.en_US
dc.language.isoengen_US
dc.publisherUniv. of Technology, Fac. of Business Management and Economics Dresdenen_US
dc.relation.ispartofseriesDresden discussion paper series in economics 03/08en_US
dc.subject.jelQ48en_US
dc.subject.jelD92en_US
dc.subject.jelH23en_US
dc.subject.jelH43en_US
dc.subject.ddc330en_US
dc.subject.keyworddistorted time preferencesen_US
dc.subject.keywordenvironmental and technology policyen_US
dc.subject.keywordconventional energy technologiesen_US
dc.subject.stwInvestitionsrisikoen_US
dc.subject.stwKernkraftwerken_US
dc.subject.stwKernenergiepolitiken_US
dc.subject.stwForschungs- und Technologiepolitiken_US
dc.subject.stwReturn on Investmenten_US
dc.subject.stwZeitpräferenzen_US
dc.subject.stwIndustrieller Strukturwandelen_US
dc.titleImplications of diverging social and private discount rates for investments in the German power industry: a new case for nuclear energy?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn590239783en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:tuddps:0308-
Appears in Collections:Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden

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