Now showing items 1-6 of 6

    • Does the Social Cost of Carbon Matter? Evidence from US Policy 

      Hahn, Robert W.; Ritz, Robert A. (University of Chicago Press, 2015)
      We evaluate a recent U.S. initiative to include the social cost of carbon (SCC) in regulatory decisions. To our knowledge, this paper provides the first systematic analysis of the extent to which applying the SCC has ...
    • Emissions Trading with Profit-Neutral Permit Allocations 

      Hepburn, Cameron J.; Quah, John K.-H.; Ritz, Robert A. (Faculty of Economics, University of Cambridge, UK, 2012-08-17)
      This paper examines the impact of an emissions trading scheme (ETS) on equilibrium emissions, output, price, market concentration, and profits in a generalized Cournot model. We develop formulae for the number of emissions ...
    • How do banks respond to increased funding uncertainty? 

      Ritz, Robert A. (Faculty of Economics, University of Cambridge, UK, 2012-03-07)
      This paper presents a simple model of risk-averse banks that face uncertainty over funding conditions in the money market. It shows that increased funding uncertainty: (i) creates risk-based loan-deposit synergies, (ii) ...
    • How do banks respond to increased funding uncertainty? 

      Ritz, Robert A.; Walther, Ansgar (Elsevier, 2015-01-10)
      The 2007–9 financial crisis began with increased uncertainty over funding conditions in money markets. We show that funding uncertainty can explain diverse elements of commercial banks’ behavior during the crisis, including: ...
    • On welfare losses due to imperfect competition 

      Ritz, Robert A. (Faculty of Economics, University of Cambridge, UK, 2012-07-23)
      Corporate managers and executive compensation in many industries place significant emphasis on measures of firm size, such as sales revenue or market share. Such objectives have an important - yet thus far unquantifed - ...
    • Price discrimination and limits to arbitrage: An analysis of global LNG markets 

      Ritz, Robert A. (Elsevier, 2014-07-31)
      Gas prices around the world vary widely despite being connected by international trade of liquefied natural gas (LNG). Some industry observers argue that major exporters have acted irrationally by not arbitraging prices. ...