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Displaying results 1 to 18 of 18.

  1. On the impact of indirect competition for political influence on environmental policy
    Author: Prieur, Fabien; Zou, Benteng
    Published: September, 2017
    Publisher:  Center for Research in Economics and Management, University of Luxembourg, Faculty of Law, Economics and Finance, Luxembourg

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; 2017, 16
    Subjects: Public persuasion; environmentalists; industrialists; environmental awareness; information campaigns; disinformation; game of political influence
    Scope: 1 Online-Ressource (circa 32 Seiten)
  2. Stochastic petropolitics
    the dynamics of institutions in resource-dependent economies
    Author: Boucekkine, Raouf; Prieur, Fabien; Vasilakis, Chrysovalantis; Zou, Benteng
    Published: April, 2018
    Publisher:  Center for Research in Economics and Management, University of Luxembourg, Faculty of Law, Economics and Finance, Luxembourg

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; 2018, 11
    Subjects: Institutional dynamics; petropolitics; lobbying games; revenue-dependent lobbying; power; stochastic dynamic games; stochastic stability
    Scope: 1 Online-Ressource (circa 40 Seiten)
  3. Optimal emission policy under the risk of irreversible pollution
    Author: Ayong le Kama, Alain; Pommeret, Aude; Prieur, Fabien
    Published: 2011
    Publisher:  Fondazione Eni Enrico Mattei, Milano

    We consider an optimal consumption and pollution problem that has two important features. Environmental damages due to economic activities may be irreversible and the level at which the degradation becomes irreversible is unknown. Particular... more

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    We consider an optimal consumption and pollution problem that has two important features. Environmental damages due to economic activities may be irreversible and the level at which the degradation becomes irreversible is unknown. Particular attention is paid to the situation where agents are relatively impatient and/or do not care a lot about the environment and/or Nature regenerates at low rate. We show that the optimal policy of the uncertain problem drives the economy in the long run toward a steady state while, when ignoring irreversibility, the economy follows a balanced growth path accompanied by a perpetual decrease in environmental quality and consumption, both asymptotically converging toward zero. Therefore, accounting for the risk of irreversibility induces more conservative decisions regarding consumption and polluting emissions. In general, however, we cannot rule out situations where the economy will optimally follow an irreversible path and consequently, will also be left, in the long run, with an irreversibly degraded environment. -- Optimal Control ; Irreversibility Threshold ; Uncertainty ; Optimal Reversible ; Irreversible Policy

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/53412
    Series: Array ; 14.2011
    Scope: Online-Ressource (PDF-Datei: 24 S., 621,95 KB), graph. Darst.
  4. Double irreversibility and environmental policy design
    Author: Pommeret, Aude; Prieur, Fabien
    Published: 2009
    Publisher:  Fondazione Eni Enrico Mattei, Milano

    The design of environmental policy typically takes place within a framework in which uncertainty over the future impact of pollution and two different kinds of irreversibilities interact. The first kind of irreversibility concerns the sunk cost of... more

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    The design of environmental policy typically takes place within a framework in which uncertainty over the future impact of pollution and two different kinds of irreversibilities interact. The first kind of irreversibility concerns the sunk cost of environmental degradation; the second is related to the sunk cost of environmental policy. Clearly, the two irreversibilities pull in opposite directions: policy irreversibility leads to more pollution and a less/later policy while environmental irreversibility generates less pollution and a more/sooner policy. Using a real option approach and an infinite time horizon model, this paper considers both irreversibilities simultaneously. The model first is developed by paying particular attention to the option values related to pollution and policy adoption. Solving the model in closed form then provides solutions for both the optimal pollution level and the optimal environmental policy timing. Finally, the model is "calibrated" with the purpose of appraising which irreversibility has the prevailing effect and what is the overall impact of both irreversibilities on pollution and policy design. -- Environmental Policy ; Environmental Irreversibility ; Policy Irreversibility

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/53364
    Series: Array ; 10.2009
    Scope: Online-Ressource (PDF-Datei: 16 S., 291,68 KB), graph. Darst.
  5. Optimal emission-extraction policy in a world of scarcity and irreversibility
    Author: Prieur, Fabien; Tidball, Mabel; Withagen, Cees
    Published: 2011
    Publisher:  CESifo, München

    This paper extends the classical exhaustible-resource/stock-pollution model with the irreversibility of pollution decay. Within this framework, we answer the question how the potential irreversibility of pollution affects the extraction path. We... more

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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    This paper extends the classical exhaustible-resource/stock-pollution model with the irreversibility of pollution decay. Within this framework, we answer the question how the potential irreversibility of pollution affects the extraction path. We investigate the conditions under which the economy will optimally adopt a reversible policy, and when it is optimal to enter the irreversible region. In the case of irreversibility it may be optimal to leave a positive amount of resource in the ground forever. As far the optimal extraction/emission policy is concerned, several types of solutions may arise, including solutions where the economy stays at the threshold for a while. Given that different programs may satisfy the first order conditions for optimality, we further investigate when each of these is optimal. The analysis is illustrated by means of a numerical example. To sum up, for any pollution level, we can identify a critical resource stock such that there exist multiple optima i.e. a reversible and an irreversible policy that yield exactly the same present value. For any resource stock below this critical value, the optimal policy is reversible whereas with large enough resource, irreversible policies outperform reversible programs. Finally, the comparison between irreversible policies reveals that it is never optimal for the economy to stay at the threshold for a while before entering the irreversible region. -- non-renewable resource ; irreversible pollution ; optimal policy

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/49491
    Series: Array ; 3512
    Subjects: Rohstoffpolitik; Umweltpolitik; Erschöpfbare Ressourcen; Ressourcenökonomik; Umweltökonomik; Umweltbelastung; Rohstoffvorkommen; Theorie
    Scope: Online-Ressource (PDF-Datei: 23 S., 811 KB), graph. Darst.
  6. Can education be good for both growth and the environment?
    Author: Bréchet, Thierry; Prieur, Fabien
    Published: 2009
    Publisher:  CORE, Louvain-la-Neuve

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    W 159 (2009.19)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: CORE discussion paper ; 2009,19
    Subjects: Wirtschaftswachstum; Umweltbelastung; Bildungsinvestition; Overlapping Generations; Nachhaltige Entwicklung; Theorie
    Scope: 24 S., graph. Darst.
  7. Optimal emission-extraction policy in a world of scarcity and irreversibility
    Author: Prieur, Fabien; Tidball, Mabel; Withagen, Cees
    Published: 2011
    Publisher:  Oxford Centre for the Analysis of Resource Rich Economies, Oxford

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    Media type: Book
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    Series: Research papers / Oxford Centre for the Analysis of Resource Rich Economies ; 77
    Subjects: Rohstoffpolitik; Umweltpolitik; Erschöpfbare Ressourcen; Ressourcenökonomik; Umweltökonomik; Umweltbelastung; Rohstoffvorkommen; Theorie
    Scope: Online-Ressource (PDF-Datei: 23 S., 836,04 KB), graph. Darst.
  8. Optimal regime switching and threshold effects
    theory and application to a resource extraction problem under irreversibility
    Author: Boucekkine, Raouf; Pommeret, Aude; Prieur, Fabien
    Published: 2012
    Publisher:  Univ. de Lausanne, DEEP, Lausanne

    We consider a general control problem with two types of optimal regime switch. The first one concerns technological and/or institutional regimes indexed by a finite number of discrete parameter values, and the second features ecological-like regimes... more

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    We consider a general control problem with two types of optimal regime switch. The first one concerns technological and/or institutional regimes indexed by a finite number of discrete parameter values, and the second features ecological-like regimes relying on given threshold values for given state variables. We propose a general optimal control framework allowing to derive the first-order optimality conditions and in particular to characterize the geometry of the shadow prices at optimal switching times (if any). We apply this new optimal control material to address the problem of the optimal management of natural resources under ecological irreversibility, and with the possibility to switch to a backstop technology.

     
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    Media type: Book
    Format: Online
    Series: Cahiers de recherches économiques ; 12,02
    Subjects: Erschöpfbare Ressourcen; Technischer Fortschritt; Umwelttechnik; Technologiewahl; Institutioneller Wandel; Kontrolltheorie
    Scope: Online-Ressource (PDF-Datei: 40 S.), graph. Darst.
  9. On the timing and optimality of capital controls
    public expenditures, debt dynamics and welfare
    Author: Boucekkine, Raouf; Pommeret, Aude; Prieur, Fabien
    Published: 2012
    Publisher:  Univ. de Lausanne, DEEP, Lausanne

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    Series: Cahiers de recherches économiques ; 12,01
    Subjects: Kapitalimport; Kapitalverkehrskontrolle; Second Best; Finanzmarktregulierung; Wohlfahrtsanalyse; Theorie
    Scope: Online-Ressource (PDF-Datei: 16 S.)
  10. On the timing of political regime changes
    theory and application to the Arab spring
    Author: Boucekkine, Raouf; Prieur, Fabien; Puzon, Klarizze
    Published: 2014
    Publisher:  Fondazione Eni Enrico Mattei, Milano

    We develop a continuous time dynamic game to provide with a benchmark theory of Arab Spring-type events. We consider a resource-dependent economy with two interacting groups, the elite vs. the citizens, and two political regimes, dictatorship vs. a... more

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    We develop a continuous time dynamic game to provide with a benchmark theory of Arab Spring-type events. We consider a resource-dependent economy with two interacting groups, the elite vs. the citizens, and two political regimes, dictatorship vs. a freer regime. Transition to the freer regime can only be achieved if citizens decide to revolt given the concession/repression policy of the elite. Departing from the related literature, the revolution optimal timing is an explicit control variable in the hands of citizens. The elite is the strategic leader: she ultimately chooses her policy knowing the reaction function of citizens. In this framework, we provide with a full equilibrium analysis of the political regime switching game and notably emphasize the role of the direct switching cost of the citizens and of the elite's self-preservation options. In particular, we show how the incorporation of explicit revolution timing may change the conventional wisdom in the related institutional change literature. Finally, we emphasize how the theory may help explaining some key features of the Arab Spring.

     
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    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/107744
    Series: Array ; 104.2014
    Scope: Online-Ressource (31 S.)
  11. A Lipsetian theory of democratization
    development, education, inequality, and resources
    Author: Boucekkine, Raouf; Piacquadio, Paolo G.; Prieur, Fabien
    Published: December 2016
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich

    The paper reexamines Lipset's theory of democratization, by distinguishing the role of (economic) development from that of education, inequality, and (natural) resources. We highlight two contrasting effects of education and human capital... more

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    Staats- und Universitätsbibliothek Bremen
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    The paper reexamines Lipset's theory of democratization, by distinguishing the role of (economic) development from that of education, inequality, and (natural) resources. We highlight two contrasting effects of education and human capital accumulation. On the one side, education prompts economic growth and enriches the budget of the autocratic elite. On the other side, education increases the "awareness" of citizens - capturing their reluctance to accept a dictatorship and their labor-market aspirations - and forces the elite to expand redistribution. Along the lines of this trade-off, our theory provides a Lipsetian explanation of the positive relationship between economic development, education, and democratization, and of the negative relationship between inequality and democratization. Furthermore, we obtain new insights on the resources-curse hypothesis and on the design of effective aid to education.

     
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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/155525
    Series: Array ; no. 6283
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  12. Optimal lockdown and vaccination policies to contain the spread of a mutating infectious disease
    Author: Prieur, Fabien; Ruan, Weihua; Zou, Benteng
    Published: [2022]
    Publisher:  University of Luxemborg, Faculty of Law, Economics and Finance, Luxembourg

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10993/51242
    Series: Array ; 2022, 7
    Subjects: pandemic; lockdown; vaccination
    Scope: 1 Online-Ressource (circa 49 Seiten)
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    Zugriff auf den Volltext nur auf Anfrage
  13. Optimal lockdown and vaccination policies to contain the spread of a mutating infectious disease
    Author: Prieur, Fabien; Ruan, Weihua; Zou, Benteng
    Published: [2022]
    Publisher:  CEE-M, Center for Environmental Economics, Montpellier

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    Media type: Book
    Format: Online
    Series: CEE-M working paper ; 2022, 04
    Subjects: pandemic; lockdown; vaccination; mutation; impulse control; uncertainty
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  14. Confronting climate change: adaptation vs. migration strategies in small island developing states
    Author: Cassin, Lesly; Melindi Ghidi, Paolo; Prieur, Fabien
    Published: [2020]
    Publisher:  CEE-M, Center for Environmental Economics, Montpellier

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    Series: CEE-M working paper ; 2020, 04
    Scope: 1 Online-Ressource (circa 59 Seiten), Illustrationen
  15. The role of conflict for optimal climate and immigration policy
    Author: Prieur, Fabien; Schumacher, Ingmar
    Published: [2016]
    Publisher:  Toulouse School of Economics, [Toulouse]

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    Series: Working papers / Toulouse School of Economics ; no TSE-663 (June 2016)
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  16. Mitigation strategies under the threat of solar radiation management
    Author: Prieur, Fabien; Schumacher, Ingmar; Quaas, Martin F.
    Published: [2019]
    Publisher:  EconomiX - UMR7235, Université Paris Nanterre, Nanterre

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    Series: Working paper / EconomiX ; 2019, 3
    Scope: 1 Online-Ressource (circa 41 Seiten)
  17. Uncertainty-driven symmetry-breaking and stochastic stability in a generic differential game of lobbying
    Author: Boucekkine, Raouf; Prieur, Fabien; Ruan, Weihua; Zou, Benteng
    Published: May, 2021
    Publisher:  University of Luxemborg, Faculty of Law, Economics and Finance, Luxembourg

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    Source: Union catalogues
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    Other identifier:
    hdl: 10993/47511
    Series: Array ; 2021, 10
    Subjects: Political lobbying; symmetric versus asymmetric equilibrium; stochastic differential games; stochastic stability; social cost of lobbying
    Scope: 1 Online-Ressource (circa 45 Seiten)
  18. Voting for environmental policy with green consumers
    the impact of income inequality
    Author: Cassin, Lesly; Melindi Ghidi, Paolo; Prieur, Fabien
    Published: [2021]
    Publisher:  CEE-M, Center for Environmental Economics, Montpellier

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    Series: CEE-M working paper ; 2021, 03
    Subjects: income distribution; inequality; green consumption; environmental policy; probabilistic voting; political equilibrium
    Scope: 1 Online-Ressource (circa 51 Seiten)