Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168089
Authors: 
Weichenrieder, Alfons
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Environmental Economics, Natural Resources and Climate Change I A17-V1
Abstract: 
Focusing on the change in pollution, consumption and extraction cost paths, we build a multi-period model that allows us to assess whether oil windfalls may be globally welfare-enhancing. The assessment depends on the quality of the discovered resource, expressed as the extraction cost. Our findings suggest that even when faced with high environmental externalities and no internalization mechanism for them, new oil finds can be conducive to welfare.
Document Type: 
Conference Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.