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The WORLD6 model is a fully integrated dynamic world systems model. It includes a biophysical global economic model, based on first principles of physics and thermodynamics, forcing it to be fully consistent with the underlying mass- and energy balances. T ...
Paul Scherrer Institute, World Resources Forum2019
Global economies have been characterised by a large dependency of material inflows from natural stocks, an exponential growth of material stock-in-use in the built environment, and the extensive disposal of waste material outflows to anthropogenic sinks. I ...
Concerning the use of natural resources in terms of raw materials, water, land and soil as well as with regards to CO2 emissions, the European Union (EU) aims at achieving ambitious targets (European Commission 2011). It is rather unambiguous that a socio- ...
This essay analyzes the spatial and temporal dynamics which have emerged from the rapid development of Chiang Mai, Thailand over the last four decades. Modern urbanization since the 1980s in the previously remote Chiang Mai-Lamphun Valley has coincided wit ...
Digitalization is changing society by the increased connectivity and networking that digital technologies enable, such as enhancing communication, services, and trade. Increasingly, policymakers within various national governments and international organiz ...
Decision making in electricity markets under uncertainty has worldwide gained attention due to an increasing number of uncertain parameters associated to technology developments and market evolution. Hence, the market operator faces new challenges pertaini ...
The creation of social innovation labs, living labs, hackerspaces, makerspaces, fablabs and innovation parks indicates local, national, and international dynamics. China is unique in the rapid transformation of the maker movement, where the bottom-up initi ...
We examine the impact of globally diverse market operations on a firm’s choice to openly disclose some of its technology. We suggest that this strategic disclosure offers solutions to specific needs in the commercialization strategy of globally operating f ...
We study the optimal volatility of the exchange rate in a two-country model with sectoral non-atomistic wage setters, non-traded goods, nominal rigidities and alternative pricing assumptions – producer or local currency pricing. Labor unions internalize th ...
This paper presents the comparison of decentralized and centralized market settings in terms of economic efficiencies, particularly price signals, and operating aspects. The decentralized dispatch consists of an energy auction separated from a contingency ...