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Registros recuperados: 18
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Nuclear versus Coal plus CCS: A Comparison of Two Competitive Base-load Climate Control Options AgEcon
Tavoni, Massimo; van der Zwaan, Bob.
In this paper we analyze the relative importance and mutual behavior of two competing base-load electricity generation options that each are capable of contributing significantly to the abatement of global CO2 emissions: nuclear energy and coal-based power production complemented with CO2 capture and storage (CCS). We also investigate how, in scenarios from an integrated assessment model that simulates the economics of a climate-constrained world, the prospects for nuclear energy would change if exogenous limitations on the spread of nuclear technology were relaxed. Using the climate change economics model WITCH we find that until 2050 the resulting growth rates of nuclear electricity generation capacity become comparable to historical rates observed...
Tipo: Working or Discussion Paper Palavras-chave: Economic Competition; Electricity Sector; Nuclear Power; Coal Power; CCS; Renewables; Climate Policy; Research and Development/Tech Change/Emerging Technologies; D8; D9; H0; O3; O4; Q4; Q5.
Ano: 2009 URL: http://purl.umn.edu/55327
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Building Criminal Capital Behind Bars: Social Learning in Juvenile Corrections AgEcon
Bayer, Patrick; Pintoff, Randi; Pozen, David E..
This paper analyzes the influence that juvenile offenders serving time in the same correctional facility have on each other’s subsequent criminal behavior. The analysis is based on data on over 8,000 individuals serving time in 169 juvenile correctional facilities during a two-year period in Florida. These data provide a complete record of past crimes, facility assignments, and arrests and adjudications in the year following release for each individual. To control for the non-random assignment of juveniles to facilities, we include facility fixed effects in the analysis. This ensures that the impact of peers on recidivism is identified using only the variation in the length of time that any two individuals serving a sentence in the same facility happen to...
Tipo: Working or Discussion Paper Palavras-chave: Social learning; Peer effects; Social interactions; Recidivism; Juvenile crime; Human capital accumulation; Labor and Human Capital; H0; J0; J2; K1.
Ano: 2003 URL: http://purl.umn.edu/28511
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Contracting with Agents Seeking Status AgEcon
Bontems, Philippe.
We explore in this paper the consequences of status seeking preferences among agents contracting with a private principal in the context of production. We examine in particular the case of envy and we show that in general envy entails augmented distortions due to asymmetric information in optimal contracts. Furthermore if the principal neglects the preferences of the agents with respect to status, then potentially there is under-participation to the contract. We also show that if the principal is free to choose who can participate to the contract, then under some conditions the principal may prefer to contract with only a subset of potentially "profitable" agents (that is where his utility is strictly positive). We then ask whether contracting with agents...
Tipo: Conference Paper or Presentation Palavras-chave: Status; Adverse selection; Contracts; Envy; Externalities; Production Economics; D6; H0; D86.
Ano: 2009 URL: http://purl.umn.edu/49507
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A Unified Framework for Measuring Preferences for Schools and Neighborhoods AgEcon
Bayer, Patrick; Ferreira, Fernando; McMillan, Robert.
This paper sets out a framework for estimating household preferences over a broad range of housing and neighborhood characteristics, some of which are determined by the way that households sort in the housing market. This framework brings together the treatment of heterogeneity and selection that has been the focus of the traditional discrete choice literature with a clear strategy for dealing with the correlation of unobserved neighborhood quality with both school quality and neighborhood sociodemographics. We estimate the model using rich data on a large metropolitan area, drawn from a restricted version of the Census. The estimates indicate that, on average, households are willing to pay an additional one percent in house prices - substantially lower...
Tipo: Working or Discussion Paper Palavras-chave: Capitalization; Local public goods; School quality; Discrete choice models; Hedonic price regression; Education demand; Labor and Human Capital; D58; H0; H4; H7; I2; R21; R31.
Ano: 2003 URL: http://purl.umn.edu/28513
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The Role of R&D and Technology Diffusion in Climate Change Mitigation: New Perspectives Using the Witch Model AgEcon
Bosetti, Valentina; Carraro, Carlo; Duval, Romain; Sgobbi, Alessandra; Tavoni, Massimo.
This paper uses the WITCH model, a computable general equilibrium model with endogenous technological change, to explore the impact of various climate policies on energy technology choices and the costs of stabilising greenhouse gas concentrations. Current and future expected carbon prices appear to have powerful effects on R&D spending and clean technology diffusion. Their impact on stabilisation costs depends on the nature of R&D: R&D targeted at incremental energy efficiency improvements has only limited effects, but R&D focused on the emergence of major new low-carbon technologies could lower costs drastically if successful – especially in the non-electricity sector, where such low-carbon options are scarce today. With emissions coming...
Tipo: Working or Discussion Paper Palavras-chave: Climate policy; Energy R&D; Fund; Stabilisation costs; Environmental Economics and Policy; H0; H2; H3; H4; O3; Q32; Q43; Q54.
Ano: 2009 URL: http://purl.umn.edu/50363
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The Effectiveness of Juvenile Correctional Facilities: Public Versus Private Management AgEcon
Bayer, Patrick; Pozen, David E..
This paper uses data on juvenile offenders released from correctional facilities in Florida to explore the effects of facility management type (private for-profit, private nonprofit, public state-operated, and public county-operated) on recidivism outcomes and costs. The data provide detailed information on individual characteristics, criminal and correctional histories, judge-assigned restrictiveness levels, and home zipcodes allowing us to control for the non-random assignment of individuals to facilities far better than any previous study. Relative to all other management types, for-profit management leads to a statistically significant increase in recidivism, but, relative to nonprofit and state-operated facilities, for-profit facilities operate at a...
Tipo: Working or Discussion Paper Palavras-chave: Juvenile Crime; Juvenile correctional facilities; Recidivism; Prison privatization; Provision of public goods; Nonprofit; For-profit; Public; Labor and Human Capital; H0; H1; H4; K0; K4.
Ano: 2003 URL: http://purl.umn.edu/28484
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“Mitigation, Adaptation, Suffering”: In Search of the Right Mix in the Face of Climate Change AgEcon
Tulkens, Henry; van Steenberghe, Vincent.
The usually assumed two categories of costs involved in climate change policy analysis, namely abatement and damage costs, hide the presence of a third category, namely adaptation costs. This dodges the determination of an appropriate level for them. Including adaptation costs explicitly in the total environmental cost function allows one to characterize the optimal (cost minimizing) balance between the three categories, in statics as well as in dynamics. Implications are derived for cost benefit analysis of adaptation expenditures.
Tipo: Working or Discussion Paper Palavras-chave: Climate Change; Mitigation; Adaptation; Suffering; Environmental Economics and Policy; Q5; H0.
Ano: 2009 URL: http://purl.umn.edu/54352
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International Energy R&D Spillovers and the Economics of Greenhouse Gas Atmospheric Stabilization AgEcon
Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele; Tavoni, Massimo.
It is widely recognized that technological change has the potential to reduce GHG emissions without compromising economic growth; hence, any better understanding of the process of technological innovation is likely to increase our knowledge of mitigation possibilities and costs. This paper explores how international knowledge flows affect the dynamics of the domestic R&D sector and the main economic and environmental variables. The analysis is performed using WITCH, a dynamic regional model of the world economy, in which energy technical change is endogenous. The focus is on disembodied energy R&D international spillovers. The knowledge pool from which regions draw foreign ideas differs between High Income and Low Income countries. Absorption...
Tipo: Working or Discussion Paper Palavras-chave: Climate Policy; Energy R&D; International R&D Spillovers; Stabilization; Environmental Economics and Policy; Resource /Energy Economics and Policy; H0; H2; H3.
Ano: 2007 URL: http://purl.umn.edu/8217
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An Equilibrium Model of Sorting in an Urban Housing Market: The Causes and Consequences of Residential Segregation AgEcon
Bayer, Patrick; McMillan, Robert; Rueben, Kim.
This paper presents a new equilibrium framework for analyzing economic and policy questions related to the sorting of households within a large metropolitan area. We estimate the model using restricted-access Census data that precisely characterize residential and employment locations for households the San Francisco Bay Area, yielding accurate measures of preferences for a wide variety of housing and neighborhood attributes across different types of household. We use these estimates to explore the causes and consequences of racial segregation in general equilibrium. Our results indicate that, given the preference structure of households in the Bay Area, the elimination of racial differences in income and wealth would significantly increase the residential...
Tipo: Working or Discussion Paper Palavras-chave: Segregation; Sorting; Housing markets; Locational equilibrium; Residential choice; Discrete choice; Labor and Human Capital; Public Economics; H0; J7; R0; R2.
Ano: 2003 URL: http://purl.umn.edu/28503
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CORRUPTION AND OPENNESS AgEcon
Neeman, Zvika; Paserman, Daniele; Simhon, Avi.
We consider a neoclassical growth model with endogenous corruption. Corruption and wealth, which are co-determined in equilibrium, are shown to be negatively correlated. Richer countries tend to be less corrupt, and corrupt economies tend to be poorer. This observation gives rise to the following puzzle: If poorer countries do indeed experience higher levels of corruption, and if indeed as suggested by a number of empirical studies corruption hampers growth, then how did rich countries, who were poor once, become rich? Our answer is simple. In the past, economies were mostly "closed" in the sense that it was difficult to transfer illicit money outside of the economy. In contrast, today's economies are mostly open. In the relatively closed economies...
Tipo: Working or Discussion Paper Palavras-chave: Corruption; Growth; Openness; International Development; F2; H0; O1; O4.
Ano: 2003 URL: http://purl.umn.edu/14977
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What Drives Racial Segregation? New Evidence Using Census Microdata AgEcon
Bayer, Patrick; McMillan, Robert; Rueben, Kim.
This paper sheds new light on the forces that drive residential segregation on the basis of race, assessing the extent to which across-race differences in other household characteristics can explain a significant portion of observed racial segregation. The central contribution of the analysis is to provide a transparent new measurement framework for understanding segregation patterns. This framework allows researchers to characterize patterns of segregation, to decompose them in meaningful ways, and to carry out partial equilibrium counterfactuals that illuminate the contributions of a variety of non-race characteristics in driving segregation. We illustrate our approach using restricted micro-Census data from the San Francisco Bay Area that provide a rich...
Tipo: Working or Discussion Paper Palavras-chave: Residential segregation; Racial segregation; Sorting; Housing markets; Labor and Human Capital; H0; J7; R0; R2.
Ano: 2003 URL: http://purl.umn.edu/28435
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What Should We Expect from Innovation? A Model-Based Assessment of the Environmental and Mitigation Cost Implications of Climate-Related R&D AgEcon
Bosetti, Valentina; Carraro, Carlo; Duval, Romain; Tavoni, Massimo.
This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies complement carbon pricing (taxes or permit trading) and improve the economic efficiency of a mitigation policy package? To answer these questions, we use an integrated assessment model with multiple externalities and an endogenous representation of technical progress in the energy sector. We evaluate a range of innovation policies, both as a stand-alone instrument and in combination with other mitigation policies. Even under fairly optimistic assumptions about the funding available for, and the returns to R&D, our...
Tipo: Working or Discussion Paper Palavras-chave: Climate Change; Environmental Policy; Energy R&D Fund; Stabilisation Costs; Environmental Economics and Policy; H0; H2; H3; H4; O3; Q32; Q43; Q54.
Ano: 2010 URL: http://purl.umn.edu/60745
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A Note on the Equilibrium Properties of Locational Sorting Models AgEcon
Bayer, Patrick; Timmins, Christopher.
A central feature of many models of location choice – whether of firms or households, within or across cities – is the role of local interactions or spillovers, whereby the payoffs from choosing a location depend in part on the number or attributes of other individuals or firms that choose the same or nearby locations in equilibrium. The main goal of this paper is to develop the equilibrium properties of a broadly applicable and readily estimable class of sorting models that allow the location decision to depend on both fixed local attributes (including unobserved attributes) and such local interactions. In particular, we prove uniqueness in the case of congestion effects and use a series of simulations to demonstrate that a unique equilibrium is more...
Tipo: Working or Discussion Paper Palavras-chave: Local spillovers; Social interactions; Economic geography; Natural advantage; Endogenous sorting; Discrete choice models; Agglomeration; Congestion; Random utility; Industrial Organization; H0; R0; R2; R3.
Ano: 2003 URL: http://purl.umn.edu/28378
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Equilibrium Welfare Impacts of the 1990 Clean Air Act Amendments in the Los Angeles Area AgEcon
Tra, Constant I..
This study develops a discrete choice locational equilibrium model to evaluate the benefits of the air quality improvements that occurred in the Los Angeles area following the 1990 Clean Air Act Amendments (CAAA). The discrete choice equilibrium approach accounts for the fact that air quality improvements brought about by the 1990 CAAA will change housing choices and prices. The study provides the first application of the discrete choice equilibrium framework (Anas, 1980, Bayer et al., 2005) to the valuation of large environmental changes. The study also provides new evidence for the distributional welfare impacts of the 1990 CAAA in the Los Angeles area. Households’ location choices are modeled according to the random utility framework of McFadden (1973)...
Tipo: Working or Discussion Paper Palavras-chave: Benefit analysis; Ozone improvement; Locational equilibrium; Discrete choice; Environmental Economics and Policy; H0; Q28; R13; R21.
Ano: 2007 URL: http://purl.umn.edu/7341
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Geographical Heterogeneity in Homeownership Rates: Does the Differential between Rent and Ownership Cost Explain Local Variation in Homeownership Rates? AgEcon
Tsukamoto, Satoshi.
This paper focuses on differentials between rental and owner costs as a primary determinant of local homeownership. In simultaneous equations to estimate the separate effects of owner cost and rent on homeownership rates, the control variables are various household and geographical factors (Census 2000 tract level dataset), in the samples of 48 contiguous states within the United States. The results show negative effects of rental and owner costs on homeownership rates. Ethnicity, income, age, property tax rate and loan usage rates, contribute to increased owner costs. Several factors had significant association with the rise in housing prices before 2006.
Tipo: Thesis or Dissertation Palavras-chave: Community/Rural/Urban Development; Consumer/Household Economics; Public Economics; D12; H0; R2.
Ano: 2010 URL: http://purl.umn.edu/91269
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Residential Segregation in General Equilibrium AgEcon
Bayer, Patrick; McMillan, Robert; Rueben, Kim.
This paper studies the causes and consequences of racial segregation using a new general equilibrium model that treats neighborhood compositions as endogenous. The model is estimated using unusually detailed restricted Census microdata covering the entire San Francisco Bay Area, and in combination with a rich array of econometric estimates, serves as a powerful tool for carrying out counterfactual simulations that shed light on the causes and consequences of segregation. In terms of causes, and contrasting with prior research, our GE simulations indicate that equalizing income and education across race would be unlikely to result in significant reductions in racial segregation, as minority households would sort into newly formed minority neighborhoods....
Tipo: Working or Discussion Paper Palavras-chave: Segregation; General equilibrium; Endogenous sorting; Urban housing market; Locational equilibrium; Counterfactual simulation; Discrete choice; Labor and Human Capital; H0; J7; R0; R2.
Ano: 2004 URL: http://purl.umn.edu/28517
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A concern about low relative income, and the alignment of utilitarianism with egalitarianism AgEcon
Stark, Oded; Kobus, Martyna; Jakubek, Marcin.
A utilitarian social planner who maximizes social welfare assigns the available income to those who are most efficient in converting income into utility. However, when individuals are concerned about their income falling behind the incomes of others, the optimal income distribution under utilitarianism is equality of incomes.
Tipo: Working or Discussion Paper Palavras-chave: Utilitarianism; Income equality; Social welfare maximization; Relative income; Labor and Human Capital; H0; I0; I30; I31.
Ano: 2011 URL: http://purl.umn.edu/117257
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Optimal Energy Investment and R&D Strategies to Stabilise Greenhouse Gas Atmospheric Concentrations AgEcon
Carraro, Carlo; Bosetti, Valentina; Massetti, Emanuele; Tavoni, Massimo.
The stabilisation of GHG atmospheric concentrations at levels expected to prevent dangerous climate change has become an important, global, long-term objective. It is therefore crucial to identify a cost-effective way to achieve this objective. In this paper we use WITCH, a hybrid climate-energy-economy model, to obtain a quantitative assessment of some cost-effective strategies that stabilise CO2 concentrations at 550 or 450 ppm. In particular, this paper analyses the energy investment and R&D policies that optimally achieve these two GHG stabilisation targets (i.e. the future optimal energy mix consistent with the stabilisation of GHG atmospheric concentrations at 550 and 450 ppm). Given that the model accounts for interdependencies and spillovers...
Tipo: Working or Discussion Paper Palavras-chave: Climate Policy; Energy R&D; Investments; Stabilisation Costs; Environmental Economics and Policy; H0; H2; H3.
Ano: 2007 URL: http://purl.umn.edu/7435
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