The fossil episode

Research, Preprint English OPEN
Hassler, John; Sinn, Hans-Werner;
(2012)
  • Publisher: Munich: Center for Economic Studies and Ifo Institute (CESifo)
  • Subject: fossil carbon | biocarbon | O41 | hotelling rule | Q54 | Q32 | transition phases | global warming | hotelling rule, fossil carbon, biocarbon, transition phases, oil price, food price, global warming | oil price | food price
    • jel: jel:O41 | jel:Q54 | jel:Q32
      ddc: ddc:330

We build a two-sector dynamic general equilibrium model with one-sided substitutability between fossil carbon and biocarbon. One shock only, the discovery of the technology to use fossil fuels, leads to a transition from an initial pre-industrial phase to three followin... View more
  • References (4)

    on Homeland Security and Governmental A¤airs, 7 May, 2008. Schwartz, Stephen, Robert Charlson, Ralph Kahn, John Ogren, and Henning Rodhe

    (2010), “Why Hasn’t Earth Warmed as Much as Expected?", Journal of Climate, 23. Sinn, H.-W. (2008), “Public Policies against Global Warming: A Supply Side Approach,”

    International Tax and Public Finance 15, p. 360–394. Sinn, H.-W. (2012), The Green Paradox. A Supply Side Approach to Global Warming,

    8s > 3;

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