The political economics of green transitions : optimal intertemporal policy response

Lorenz Dögnitz, Théo Konc, Linus Mattauch

Besley and Persson (2023) pioneer a political economy model of a green transition with changing preferences. Here we solve for the optimal policy intervention and find that the optimal tax on the polluting good starts high and is subsequently declining, to support the transition in preferences. We quantify the welfare loss of ignoring preference changes.

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Year of publication:	[2024]
Authors:	Dögnitz, Lorenz ; Konc, Théo ; Mattauch, Linus
Publisher:	Berlin : Hertie School [Berlin] : Berlin School of Economics
Subject:	Endogenous preferences \| green transition \| carbon tax \| political economics \| intertemporal optimisation \| Ökosteuer \| Environmental tax \| Neue politische Ökonomie \| Public choice \| Umweltbewusstsein \| Environmental consciousness \| Umweltpolitik \| Environmental policy \| Treibhausgas-Emissionen \| Greenhouse gas emissions \| Dynamische Wirtschaftstheorie \| Economic dynamics \| Umweltökonomik \| Environmental economics

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Extent:	1 Online-Ressource (circa 38 Seiten) Illustrationen
Series:	Discussion paper. - [Berlin] : Berlin School of Economics, ZDB-ID 3149404-3. - Vol. #47 (August 2024)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	10.48462/opus4-5596 [DOI]
Classification:	D62 - Externalities ; H23 - Externalities; Redistributive Effects ; Environmental Taxes and Subsidies ; Q54 - Climate; Natural Disasters
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10015053489