Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/38923 
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dc.contributor.authorEichner, Thomasen
dc.contributor.authorPethig, Rüdigeren
dc.date.accessioned2010-06-04-
dc.date.accessioned2010-08-18T11:18:15Z-
dc.date.available2010-08-18T11:18:15Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3062en
dc.subject.jelF18en
dc.subject.jelQ42en
dc.subject.jelQ48en
dc.subject.ddc330en
dc.subject.keywordprice uncertaintyen
dc.subject.keywordblack energyen
dc.subject.keywordgreen energyen
dc.subject.keywordfossil fuelen
dc.subject.stwEnergiesteueren
dc.subject.stwRegenerative Energieen
dc.subject.stwFossiler Energieträgeren
dc.subject.stwRohstoffpreisen
dc.subject.stwAußenhandelspreisen
dc.subject.stwRisikoaversionen
dc.subject.stwKleines-offenes-Landen
dc.subject.stwUmweltökonomiken
dc.subject.stwTheorieen
dc.titleEfficient management of insecure fossil fuel Imports through taxing (!) domestic green energy?-
dc.typeWorking Paperen
dc.identifier.ppn627392814en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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