Distorted Time Preferences and Structural Change in the Energy Industry pdf epub mobi txt 电子书下载 2024

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Heinzel, Christoph

166

$ 134.47

9783790821826

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发表于2024-09-19

Distorted Time Preferences and Structural Change in the Energy Industry epub 下载 mobi 下载 pdf 下载 txt 电子书下载 2024

Distorted Time Preferences and Structural Change in the Energy Industry pdf epub mobi txt 电子书下载 2024

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This study contributes to the economic discounting debate by examining the welfare and policy implications of distorted time preferences for private investments. The analysis is applied to the energy industry, where it is of particular importance. In the transition to low-carbon energy generation, distorted time preferences are shown to induce a further distortion, in addition to that from the emission externality. Its extent varies directly with the time lag in capital accumulation. In order to implement the socially optimal path, environmental policy needs to be complemented by technology policy. The theoretical findings are applied to the upcoming structural change in the German electricity industry in the 2010s.

Distorted Time Preferences and Structural Change in the Energy Industry 下载 mobi epub pdf txt 电子书