1. Discussion and Working Paper // 2014

    Combining International Cap-and-Trade with National Carbon Taxes

    This paper examines the effects of combining an international cap-and-trade scheme with national carbon taxes. We consider a two-country stochastic partial equilibrium model with log-normally distributed…

  2. Discussion and Working Paper // 2014

    Economics of Transiting to Renewable Energy in Morocco

    Morocco has set an ambitious target of supplying 42 percent of electricity through renewable sources, 14 percent each through hydro, wind, and solar, by 2020. To analyze the economic and environmental…

  3. Discussion and Working Paper // 2014

    Compensating the losers of free trade

    Fears of rising wage inequality and job loss loom large in current debates on free trade. Surprisingly, however, there exists little academic research on how to compensate those who lose from free trade.…