This paper examines the amount of grandfathering needed for an emissions trading scheme (ETS) to have a neutral impact on firm profits. We provide a simple formula to calculate profit-neutral grandfathering in an asymmetric Cournot model with a general demand function. Using this formula, we obtain estimates of profit-neutral grandfathering for the electricity, cement, newsprint and steel indus...

This paper investigates language policy formation through participatory and deliberative methods and, more concretely, the regulation of gender-neutral in Barcelona City Council (Spain). Through an argumentative approach to policy, examines a specific idea, process solution, accompanying discursive argumentation used by decision-makers. The (a) shows that linguistic preconceptions power relatio...

Distributed-solar-photovoltaic (PV) generation is a key component of new energy system aimed at carbon peaking and neutrality. This paper establishes policy-analysis framework for distributed-solar-PV based on technical- economic-evaluation model. Given that the resource endowment becoming lower raw material costs are higher, profitability deployment distributed-solar-PV-generation projects in ...

This article argues that in public health research, standard approaches to knowledge translation are based on (1) an invalid model of the relationship between research knowledge and policy and (2) an oversimplified concept of ‘knowledge’. Standard approaches tend to focus primarily on communicating research knowledge to policy makers in order to increase the impact of research on policy making....

The need for oil and natural gas as a major source of energy is vital. On the one hand, it has affected the political and economic equations at the international, regional and national level. On the other hand, it has had negative effects on sociocultural, legal, and environmental aspects as well as on the physical and mental health of human beings. Therefore, the need to provide an environment...

Drawing on the conceptual framework of Europeanisation, we trace the Europeanisation of Italian politics by combining top-down analysis (that is, how Italy has adapted to pressure coming from Brussels) with a bottom-up examination of how Italian policy-makers have encountered the EU in their attempts to pursue domestic policy goals. We find that the foreign policy orientation and policy prefere...

In this paper a discrete-time Markovian model for a nancial market is chosen. The fundamental theorem of asset pricing relates the existence of a martingale measure to the no-arbitrage condition. It is explained how to prove the theorem by stochastic dynamic programming via portfolio optimization. The approach singles out certain martingale measures with additional interesting properties. Furth...

Environmental, social and economic attributes are important for the sustainability of a farming system. Comparing farming systems by considering only expected profitability ignores differences in both sustainability and in the riskiness of system returns. Further, in choosing between farming systems, the ability to survive various risks and shocks and continue in the future is important, i.e., ...

We ask what level of migration would maximize world welfare. We …nd that skill-neutral policies are never optimal. An egalitarian welfare function induces a policy that entails moving mainly unskilled immigrants into the rich countries, whereas a welfare function skewed highly towards the rich countries induces an optimal policy that entails a brain-drain from the poor countries. For intermedia...

This paper argues that the primary objective of monetary policy should be long run price stability or at least a low average rate of in°ation. But there is also a welfare improving role for monetary policy in helping the economy adjust to nonpolicy shocks. This gives rise to a fundamental tension in the conduct of monetary policy. Understanding this tension is central to interpreting the qualit...