Search Results for author: Alexey Smirnov

Found 3 papers, 0 papers with code

A note on the logical inconsistency of the Hotelling Rule: A Revisit from the System's Analysis Perspective

no code implementations19 Oct 2023 Nikolay Khabarov, Alexey Smirnov, Michael Obersteiner

The "Hotelling rule" (HR) called to be "the fundamental principle of the economics of exhaustible resources" has a logical deficiency which was never paid a sufficient attention to.

Shadow prices and optimal cost in economic applications

no code implementations7 Nov 2022 Nikolay Khabarov, Alexey Smirnov, Michael Obersteiner

Shadow prices are well understood and are widely used in economic applications.

Social Cost of Carbon: What Do the Numbers Really Mean?

no code implementations24 Jan 2020 Nikolay Khabarov, Alexey Smirnov, Michael Obersteiner

Social cost of carbon (SCC) is estimated by integrated assessment models (IAM) and is widely used by government agencies to value climate policy impacts.

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