Abstract
The CO{sub 2}-question is a difficult problem for environmental and energy economics and for resource economics. The pricing of fossil fuels is drastically changed by a CO{sub 2}-restriction. To some extent this means a partial expropriation of resource owners. This may induce resource owners to react strategically rather than behave in a passive way. Ignoring this feedbacks from the introduction of a tax on fossil fuel on the supply side means a severe simplification of most modelling done in GE-models like Global 2100, GREEN or PE-models like Edmonds-Reilly. Looking at the basic ingredients, that one would like to find in a complex world energy model, one must conclude, that the present state of the art of modelling looks pretty well with respect to the demand side and still rather good with respect to the world-wide trade of energy. But the modelling of the (strategic) supply side of the most important energy markets has severe shortcomings in all three models looked at. (orig.)
Citation Formats
Blank, J E, and Stroebele, W J.
The economics of the CO{sub 2}-problem: What about the supply side?.
Germany: N. p.,
1995.
Web.
Blank, J E, & Stroebele, W J.
The economics of the CO{sub 2}-problem: What about the supply side?.
Germany.
Blank, J E, and Stroebele, W J.
1995.
"The economics of the CO{sub 2}-problem: What about the supply side?"
Germany.
@misc{etde_397152,
title = {The economics of the CO{sub 2}-problem: What about the supply side?}
author = {Blank, J E, and Stroebele, W J}
abstractNote = {The CO{sub 2}-question is a difficult problem for environmental and energy economics and for resource economics. The pricing of fossil fuels is drastically changed by a CO{sub 2}-restriction. To some extent this means a partial expropriation of resource owners. This may induce resource owners to react strategically rather than behave in a passive way. Ignoring this feedbacks from the introduction of a tax on fossil fuel on the supply side means a severe simplification of most modelling done in GE-models like Global 2100, GREEN or PE-models like Edmonds-Reilly. Looking at the basic ingredients, that one would like to find in a complex world energy model, one must conclude, that the present state of the art of modelling looks pretty well with respect to the demand side and still rather good with respect to the world-wide trade of energy. But the modelling of the (strategic) supply side of the most important energy markets has severe shortcomings in all three models looked at. (orig.)}
place = {Germany}
year = {1995}
month = {Jul}
}
title = {The economics of the CO{sub 2}-problem: What about the supply side?}
author = {Blank, J E, and Stroebele, W J}
abstractNote = {The CO{sub 2}-question is a difficult problem for environmental and energy economics and for resource economics. The pricing of fossil fuels is drastically changed by a CO{sub 2}-restriction. To some extent this means a partial expropriation of resource owners. This may induce resource owners to react strategically rather than behave in a passive way. Ignoring this feedbacks from the introduction of a tax on fossil fuel on the supply side means a severe simplification of most modelling done in GE-models like Global 2100, GREEN or PE-models like Edmonds-Reilly. Looking at the basic ingredients, that one would like to find in a complex world energy model, one must conclude, that the present state of the art of modelling looks pretty well with respect to the demand side and still rather good with respect to the world-wide trade of energy. But the modelling of the (strategic) supply side of the most important energy markets has severe shortcomings in all three models looked at. (orig.)}
place = {Germany}
year = {1995}
month = {Jul}
}