The paper presented formalizes Chamberlin's idea that monopoly power depends on the heterogeneity of taste of customers. Jan Witajewski, FEEM junior researcher, demonstrates that elasticity of substitution between goods in the Dixit-Stiglitz framework can be represented as a simple linear function of taste heterogeneity measure. This result can enrich interpretation of a broad range of models that use Constant Elasticity of Substitution production function: if predictions of these models depend on the elasticity of substitution, they might depend also on heterogeneity of taste of consumers.
On July 17, 2014 took place the nomination of the winners of the Prospect Magazine's Think Tank Awards 2014. Among the four European think tanks shortlisted, Fondazione Eni Enrico Mattei - Italian think tank devoted to the study of sustainable development and global governance, was commended for its willingness to promote liberal economic ideas in an environment that is not always favourable to such messages.
In this article based on his recent lecture in FEEM, Anatol Lieven, King’s College London, explores the crisis in Ukraine, a country torn apart by ethnic strains and nationalism that has dramatically become a focal point of the international agenda, the real epicenter of European, United States and Russian negotiations.
In this paper, the authors address one specific criticism that can be raised against the economic climate change impact assessments conducted with CGE models: that of overly optimistic assumptions on the ability of markets to react to climate change induced shocks, i.e. market driven adaptation. The researchers performed two runs: one with a standard climate change impact assessment exercise using a recursive-dynamic CGE model, while during the second one they restrict the elasticity of input substitution in the production function, the substitution of domestic and imported inputs, and finally sectoral workforce mobility. They demonstrate that these frictions increase the cost of climate change and derive a whole set of methodological recommendations.
Comparing the cost of batteries used in passenger vehicles can be problematic. This article by FEEM associate researcher, Thomas Longden, aims to clarify some of the issues that have led to confusion when discussing the cost of batteries. Recently, confusion over both the current price and a break-through price of batteries has prevailed.
Energy access - the so-called ‘Missed Millennium Development Goal’, is considered a fundamental driver of economic and social development and is a key priority on the global development agenda. It is still however unclear which public and private initiatives and policy design can be used to best attain the goals of energy poverty eradication. For this reason and with the aim to generate new insights and concrete policy recommendations, FEEM and Fondazione Giangiacomo Feltrinelli (FGF) within the LabExpo Project, in collaboration with eni, are organizing on July, 10, 2014 a workshop on “Energy Poverty and Energy Access: Global Challenges and Goals”, gathering together representatives from the academia, international organizations, corporate institutions and industry.
On March 11, 2011, an earthquake of magnitude 9.0 occurred in the Pacific Ocean off the coast of Japan's Tohoku region. What the disaster taught Japan—and what it can teach other countries, for instance Italy? Federica Ranghieri from the World Bank and formerly FEEM researcher, is one of the authors of the report “Learning from Megadisasters” and on July 9, 2014 (from 5.00 to 7.30 p.m.) will present at FEEM the amazing work performed so far and the main lessons learned, particularly for what concerns Tsunami hazards and risks.
Focusing on water security and its link with sustainable development, this new article by FEEM researcher Mattia Amadio identifies key drivers and stressors to both natural freshwater availability and national demand in the Windward Caribbean island states.
The International Center for Climate Governance has published the results of its 2013 "Climate Think Tank Ranking" of the most cutting-edge institutions working in the field of climate change economics and policy: the highest-rated think tank is the Woods Hole Research Center, a private, non-profit environmental research organization based in Falmouth, Massachusetts (USA).
The energy scenario in the Mediterranean Basin is changing rapidly: the decreased energy demand in Europe coupled with a growing demand in the Southern part of the basin, the recent hydrocarbon discoveries in the Eastern Mediterranean basin, the creation of a gas spot market and the impact of renewable energies on the existing market mechanisms, are all suggesting the need for a more integrated Euro Mediterranean Energy System, along the South-North and East-West axes. Given the peculiarities of this vulnerable region and the threats of climate change, a regional comprehensive approach is necessary for a serious rethink of the entire climate and energy policy framework.
How can we achieve international cooperation for enforceable treaties? How should such treaties be structured? How effective would polycentric approaches be in reaching solutions? These are among the topics discussed during the workshop on Climate Change and Public Goods on June 9-10 by Valentina Bosetti, Carlo Carraro, Astrid Dannenberg, Partha Dasgupta, Ottmar Edenhoffer, Michael Finus, Philipp M. Hannam, Bard Harstad, Michael Hoel, Simon Levin , and Alessandro Tavoni. Here is a brief recap of the main lessons learned.
From July 1st to July 4th, 2014 FEEM organizes in Butera (Caltanissetta) a Summer School to investigate the role that Islam plays in the cultural, social and political processes currently taking place in the Mediterranean. The Summer School, targeted to university students, researchers, representatives from local institutions and civil society, will provide food for thought and working tools to shed new light on a timely topic that requires deep and inter-disciplinary investigation and analysis. Participation is free of charge and admission is restricted to maximum 25 participants. Applicants must send an email to firstname.lastname@example.org by June 25, 2014.
Sustainable growth and competitiveness are fundamental goals that contemporary societies and organizations are urged to achieve in the short and long term. The growing disparities across societies and the recent financial crisis have led many analysts and observers to describe the global economic system as busted and to identify in business and finance the major causes of social, environmental, and economic problems. The workshop "Practicing Integrated Thinking & Reporting: how business and Societies search for competitiveness and sustainable growth" organized in Milan on June 19, 2014 will aim at investigating how "integrated thinking" might enhance competitiveness and ensure sustainable growth for business.
The Final Conference of the project "Impacts Quantification of Global Changes" (GLOBAL-IQ) will present and discuss new and scientifically-advanced estimates of the socio-economic impacts of key economic, environmental and social global challenges, from the European to the global scale, with the aim of identifying the optimal mix of adaptation and mitigation in the face of these challenges.