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pro vyhledávání: '"Robert D. Cairns"'
Autor:
Robert D. Cairns, John M. Hartwick
Publikováno v:
The Energy Journal. 43
Autor:
Robert D. Cairns
Publikováno v:
Review of Income and Wealth.
Autor:
Robert D. Cairns
Publikováno v:
Articles. 95:161-173
In 1989, Salah El Serafy proposed a method of accounting for a nonrenewable resource based on net present value. A reinterpretation and extension of his analysis permit what he calls a proper representation of net income for use in an accurate aggreg
Publikováno v:
SSRN Electronic Journal.
We study the interplay between intragenerational and intergenerational equity in an economy with two countries producing and consuming from national capital stocks.We characterize the sustainable development path that a social planner would implement
Autor:
Robert D. Cairns
Publikováno v:
Energy Policy. 121:248-251
Recently, there has been an expression of concern that vast quantities of oil must remain in the ground because of anticipated action on climate change. A consequent fall in share values of international oil companies may threaten pensions, small inv
Autor:
Robert D. Cairns
Publikováno v:
Resource and Energy Economics. 51:18-27
Because of its simplicity, the simple Hotelling model of exhaustible-resource extraction is a useful vehicle to address two themes in economic accounting: (1) Foundational equalities in the calculation of depreciation and in double-entry bookkeeping,
Autor:
Robert D. Cairns, Graham A. Davis
Publikováno v:
Journal of Banking & Finance. 81:172-180
Irreversible investment and the attendant concept of real-option value have been well discussed. Complete reversibility has been frequently invoked but less studied, especially for the case of lumpy investment typically considered in capital budgetin
Autor:
Robert D. Cairns
Publikováno v:
Natural Resource Modeling. 32
Autor:
James L. Smith, Robert D. Cairns
Publikováno v:
Economics of Energy & Environmental Policy. 8
The green paradox is an effect by which an increasing tax per unit on oil production, aimed at tracking damages from CO2 emissions, induces an increase in world production and a decrease in price in the near term. The increase is a rational response
Autor:
Robert D. Cairns, Vincent Martinet
Publikováno v:
Environment and Development Economics
Environment and Development Economics, Cambridge University Press (CUP), 2021, 26 (4), pp.381-402. ⟨10.1017/S1355770X20000492⟩
Environment and Development Economics, Cambridge University Press (CUP), 2021, 26 (4), pp.381-402. ⟨10.1017/S1355770X20000492⟩
International audience; From any state of economic and environmental assets, the maximin value defines the highest level of utility that can be sustained forever. Along any development path, the maximin value evolves over time according to investment