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Policy decisions to ratify recent climate policy agreements, as the Kyoto Protocol , rely on quantitative impact assessments, which are primarily based on applied economic modelling concepts. A crucial decision factor for politicians are the economic compliance costs of implementing binding emissions reduction targets. The Energy Modeling Forum (EMF)(More)
The Agricultural Economic Research Institute (LEI) has been a member of the GTAP consortium since November 1996. We use GTAP for a variety of research activities related to international trade in agri-food products. The following presents a summary of our activities over 2010/2011. People In the course of 2010 Ignacio Perez left LEI to join the OECD, while(More)
Integrated assessment models lack a microeconomic foundation in modelling environmental damages to the economy. To overcome this, damage coe¢ cients are incorporated in standard microeconomic models. Firms and consumers take both damages and prices as given. Demand, supply, pro…t and expenditure functions under damage coe¢ cients are derived that allow easy(More)
The rejection of the United States to verify the Kyoto Protocol has focussed some attention on the contribution of the developing countries in mitigating the consequences of climate change on the economy. While the USA insisted on an important role for the developing countries, for example by voluntarily accepting an emission target in 2012, the developing(More)
In this paper we consider the problem of finding an equilibrium in an economy with nonlinear constant returns to scale production activities. To find an equilibrium we propose an adjustment process in which the prices of the commodities and the activity levels of production adjust simultaneously. The process starts at a price vector at which each production(More)
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