Publications

Emissions trading with rolling horizons

Working paper by Simon Quemin, Raphaël Trotignon on 30 Aug 2019

The authors of this paper develop a model to evaluate first, the market developments in the European Union emissions trading scheme (EU ETS) over 2008–2017 ex-post and second, the performances of main features of the EU ETS reforms that took place in 2018, ex-ante. read more »


From individual fuzzy cognitive maps to agent based models: modelling multi-factorial and multi-stakeholder decision-making for water scarcity

Working paper by Sara Mehryar, Richard Sliuzas, Nina Schwarz, Ali Sharifi, Martin van Maarseveen on 29 Aug 2019

The authors of this paper develop an integrated modelling methodology combining an Agent-Based Model with Fuzzy Cognitive Mapping and use it to simulate impacts of policy options addressing the problems of water scarcity for a farming community in Rafsanjan, Iran. read more »


Carbon taxes and stranded assets: Evidence from Washington state

Working paper by Stefano Carattini, Suphi Sen on 6 Aug 2019

The authors of this paper show that while a convergence towards relatively high carbon prices is more than welcome from a climate perspective, central banks and other agencies responsible for financial stability may need to play close attention to such development. read more »


Pricing ambiguity in catastrophe risk insurance

Working paper by Simon Dietz, Falk Niehörster on 23 May 2019

The authors of this paper apply a newly developed insurance pricing model to two catastrophe model data sets relating to hurricane risk in two locations in the Atlantic basin, estimating ambiguity loads – the extra insurance premium due to ambiguity – and showing how these depend on the insurer’s attitude to ambiguity. read more »



The global consumer incidence of carbon pricing: evidence from trade

Working paper by Lutz Sager on 4 Apr 2019

This paper estimates the global distribution of the costs to consumers from carbon pricing, finding that some policies may be considered regressive for their burden on poorer consumers – but that the benefits from mitigating climate change may weaken or reverse the regressive effect. read more »



For want of a chair: teaching price formation using a cap and trade game

Working paper by Stefano Carattini, Eli Fenichel, Alexander Gordan, Patrick Gourley on 22 Mar 2019

This paper describes the benefits of a game created as an active learning method to teach current and future decision-makers about the ‘cap and trade’ system, one of the most innovative policy options developed by environmental economists. read more »


Linking permit markets multilaterally

Working paper by Baran Doda, Simon Quemin, Luca Taschini on 27 Feb 2019

A patchwork of emissions trading systems (ETSs) currently operate in several jurisdictions, including the EU, Switzerland, South Korea and several US states and Canadian provinces. China has also been experimenting with emissions trading in seven provinces and cities and is setting up a national system that will be much larger than the current largest system, […]


Adding fuel to fire? Social spillovers and spatial disparities in the adoption of LPG in India

Working paper by Suchita Srinivasan, Stefano Carattini on 8 Feb 2019

This paper investigates the role of ‘social spillovers’ – people learning from and imitating the behaviour of other people – in the adoption of new technologies, with a focus on liquefied petroleum gas (LPG) in India. The conclusions are important for policymakers seeking to hasten the switch to cleaner energy sources in developing countries. read more »