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dc.contributor.authorEichner, Thomasen_US
dc.contributor.authorPethig, Rüdigeren_US
dc.date.accessioned2010-06-04en_US
dc.date.accessioned2010-08-18T11:18:15Z-
dc.date.available2010-08-18T11:18:15Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/38923-
dc.description.abstractA small open economy produces a consumer good, green and black energy, and imports fossil fuel at an uncertain price. Unregulated competitive markets are shown to be inefficient. The implied market failures are due to the agents' attitudes toward risk, to risk shifting and the uniform price for both types of energy. Under the plausible assumptions that consumers are prudent and at least as risk averse as the producers of black energy, the risk can be efficiently managed by taxing emissions and green energy. The need to tax (!) green energy contradicts the widespread view that subsidization of green energy is an appropriate means to enhance energy security in countries depending on risky fossil fuel imports.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper Energy and Climate Economics 3062en_US
dc.subject.jelF18en_US
dc.subject.jelQ42en_US
dc.subject.jelQ48en_US
dc.subject.ddc330en_US
dc.subject.keywordprice uncertaintyen_US
dc.subject.keywordblack energyen_US
dc.subject.keywordgreen energyen_US
dc.subject.keywordfossil fuelen_US
dc.subject.stwEnergiesteueren_US
dc.subject.stwRegenerative Energieen_US
dc.subject.stwFossiler Energieträgeren_US
dc.subject.stwRohstoffpreisen_US
dc.subject.stwAußenhandelspreisen_US
dc.subject.stwRisikoaversionen_US
dc.subject.stwKleines-offenes-Landen_US
dc.subject.stwUmweltökonomiken_US
dc.subject.stwTheorieen_US
dc.titleEfficient management of insecure fossil fuel Imports through taxing (!) domestic green energy?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn627392814en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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