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Full-Text Articles in Physical Sciences and Mathematics
Long-Term Environmental Problems And Strategic Intergenerational Transfers, Timo Goeschl, Daniel Heyen, Juan B. Moreno-Cruz
Long-Term Environmental Problems And Strategic Intergenerational Transfers, Timo Goeschl, Daniel Heyen, Juan B. Moreno-Cruz
Juan B. Moreno-Cruz
The impacts of long-lived stock pollutants and the measures supposed to address them link current and future generations. Altruism towards successor generations is a prerequisite for resolving the resulting inter-generational equity issues. Preference asymmetry and imperfect altruism introduce strategic conflicts between generations. Here, a current generation decides on a combination of abatement and whether to provide an imperfect backstop. The future generation decides whether to use the backstop or not. We identify three outcomes: (1) Technology denial, in which the current generation deliberately rejects the imperfect backstop to avoid misuse by the future generation. (2) Under-abatement, in which the current …
A Spatial Approach To Energy Economics, Juan B. Moreno-Cruz, M Scott Taylor
A Spatial Approach To Energy Economics, Juan B. Moreno-Cruz, M Scott Taylor
Juan B. Moreno-Cruz
We develop a spatial model of energy exploitation where energy sources are differentiated by their geographic location and energy density. The spatial setting creates a scaling law that magnifies the importance of differences across energy sources. As a result, renewable sources twice as dense, provide eight times the supply; and all new non-renewable resource plays must first boom and then bust. For both renewable and non-renewable energy sources we link the size of exploitation zones and energy supplies to energy density, and provide empirical measures of key model attributes using data on solar, wind, biomass, and fossil fuel energy sources. …