Distorted Time Preferences and Structural Change in the Energy Industry 2024 pdf epub mobi 電子書 下載

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Distorted Time Preferences and Structural Change in the Energy Industry pdf epub mobi 圖書描述

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 2024 pdf epub mobi 電子書 下載

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發表於2024-11-20

Distorted Time Preferences and Structural Change in the Energy Industry 2024 pdf epub mobi 電子書 下載

Distorted Time Preferences and Structural Change in the Energy Industry 2024 pdf epub mobi 電子書 下載

Distorted Time Preferences and Structural Change in the Energy Industry 2024 pdf epub mobi 電子書 下載

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