Titlebook: Distorted Time Preferences and Structural Change in the Energy Industry; A Theoretical and Ap Christoph Heinzel Book 2009 Physica-Verlag He

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https://doi.org/10.1007/978-3-7908-2183-3Distorted Time Peferences; Energy Industry; Environmental Policy; Environmental and Technology Policy; T

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Introduction,icy. Diffe- rent abatement options, such as demand reduction, efficiency increases, the substitution of polluting energy sources, and emission capture and sequestration, side in these discussions with different policy approaches. Common among the latter are environmental regulations that price emiss

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Foundations of the Theoretical Analysis, model encompasses two distinctive features. First, the social rate of time preference is assumed to stay below the private. Second, the creation of new productive capital is supposed to exhibit a time-to-build property. This chapter introduces to the theoretical issue of this study and describes it

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A Theoretical Model of Structural Change in the Energy Industry,ocial rate of time preference stays below the private, (ii) the creation of new productive capital is time-lagged, (iii) emissions are negatively valued, and (iv) an end-of-pipe abatement technology is available. Section 3.1 introduces the model economy and specifies social and individual preference

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Foundations of the Applied Analysis,logical change as expected for the German electricity industry around 2015. The primary aim is to quantify, and to study the relevance of, the welfare and policy implications of the split social and private time preferences derived above theoretically, at one particular, relevant case. Therefore, th