Sustainability and Innovation

Distorted Time Preferences and Structural Change in the Energy Industry

A Theoretical and Applied Environmental-Economic Analysis

Authors: Heinzel, Christoph

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About this book

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.

Table of contents (8 chapters)

Buy this book

eBook $129.00
price for USA (gross)
  • ISBN 978-3-7908-2183-3
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $169.00
price for USA
  • ISBN 978-3-7908-2182-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $169.00
price for USA
  • ISBN 978-3-7908-2584-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Distorted Time Preferences and Structural Change in the Energy Industry
Book Subtitle
A Theoretical and Applied Environmental-Economic Analysis
Authors
Series Title
Sustainability and Innovation
Copyright
2009
Publisher
Physica-Verlag Heidelberg
Copyright Holder
Physica-Verlag Heidelberg
eBook ISBN
978-3-7908-2183-3
DOI
10.1007/978-3-7908-2183-3
Hardcover ISBN
978-3-7908-2182-6
Softcover ISBN
978-3-7908-2584-8
Series ISSN
1860-1030
Edition Number
1
Number of Pages
XVI, 166
Topics