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Registros recuperados: 23 | |
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Mittenzwei, Klaus. |
This paper is concerned with the timing of an agricultural policy reform under uncertainty. The focus is on the opportunity cost of giving up the option to wait when implementing a policy reform. Including the option value in applied policy analysis can help explain why conventional analyses may find observed policies to be Pareto-inferior. Furthermore, it explains why otherwise profitable policy reforms may be delayed. The theoretical model is applied to Norwegian agricultural policy anticipating a prospective WTO agreement. It is argued that the option value should be incorporated into applied policy analysis when high uncertainty prevails. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Option value; Policy reform; WTO; Norway; Uncertainty; International Relations/Trade; C61; D78. |
Ano: 2002 |
URL: http://purl.umn.edu/24875 |
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Schwerd, Joachim. |
At the beginning of December 2003 the ninth conference of the parties (COP) of the UN framework convention on climate change (Rio declaration 1992) will take place. This meeting is crucial as it depends only on Russia's ratification to get the Kyoto protocol started soon. This paper reflects the current state of the protocol and highlights the particular features of COP 9, e.g. the double ratification hurdle, which - as a technical speciality of the protocol - was suitable to strengthen Russia's position in these negotiations up to now. It will be discussed, why Russia shall comply with the protocol for its own sake, too. Only one of the flexible Kyoto instruments is considered hereby: emissions trading. Two arguments are used for making the point, that it... |
Tipo: Working or Discussion Paper |
Palavras-chave: Kyoto protocol; Emissions trading; Dynamic efficiency; Russia; Environmental Economics and Policy; B52; D78; D90; F18. |
Ano: 2003 |
URL: http://purl.umn.edu/26184 |
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Registros recuperados: 23 | |
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