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130626 ||| eng |
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|a 9783790821833
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|a Heinzel, Christoph
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| 245 |
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|a Distorted Time Preferences and Structural Change in the Energy Industry
|h Elektronische Ressource
|b A Theoretical and Applied Environmental-Economic Analysis
|c by Christoph Heinzel
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| 250 |
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|a 1st ed. 2009
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| 260 |
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|a Heidelberg
|b Physica
|c 2009, 2009
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| 300 |
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|a XVI, 166 p
|b online resource
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|a Foundations of the Theoretical Analysis -- A Theoretical Model of Structural Change in the Energy Industry -- Summary of Results, Discussion of Assumptions, and Policy Implications -- Foundations of the Applied Analysis -- Technology Choice Under Environmental and Technology Policies -- Optimal Moments of Transition Under Environmental and Technology Policies -- Conclusions
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| 653 |
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|a Environmental Economics
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| 653 |
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|a Environmental economics
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| 653 |
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|a Economic development
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| 653 |
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|a Environment
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| 653 |
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|a Environmental Sciences
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| 653 |
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|a Energy policy
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| 653 |
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|a Economic Development, Innovation and Growth
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| 653 |
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|a Energy Policy, Economics and Management
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| 653 |
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|a Energy and state
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b Springer
|a Springer eBooks 2005-
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| 490 |
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|a Sustainability and Innovation
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| 028 |
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|a 10.1007/978-3-7908-2183-3
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| 856 |
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|u https://doi.org/10.1007/978-3-7908-2183-3?nosfx=y
|x Verlag
|3 Volltext
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|a 333.7
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|a This study contributes to the economic discounting debate by examining the welfare and policy implications of distorted time preferences for private investments. The analysis is applied to the energy industry, where it is of particular importance. In the transition to low-carbon energy generation, distorted time preferences are shown to induce a further distortion, in addition to that from the emission externality. Its extent varies directly with the time lag in capital accumulation. In order to implement the socially optimal path, environmental policy needs to be complemented by technology policy. The theoretical findings are applied to the upcoming structural change in the German electricity industry in the 2010s
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