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Kahn, Matthew E. - 2017

This paper explores the challenges and opportunities that government officials face in designing coherent' rules of the game' for achieving urban sustainability during times of growth. Sustainability is judged by three criteria. The first involves elements of day-to-day quality of life, such as...

Persistent link: https://www.econbiz.de/10012973213

Smart cap

Karp, Larry S.; Traeger, Christian - 2021

We introduce a "smart" cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty”). This cap responds endogenously to technology or macroeconomic shocks, relying on the market price of certificates to aggregate information. It allows policy makers to...

Persistent link: https://www.econbiz.de/10012438358

Optimal stabilization in an emission permits market

Gerlagh, Reyer; Wan, Roweno J.R.K - 2018

We develop a 2-period emission trading model for a stock pollutant with demand shocks resolving over time. We find precise conditions for efficiency of a stabilization mechanism where cumulative available permits decrease with excess supply in early periods. Our model describes the stabilization...

Persistent link: https://www.econbiz.de/10011810102

Prices versus quantities reassessed

Karp, Larry S.; Traeger, Christian - 2018

"Prices versus quantities" (Weitzman 1974), a hugely influential paper, is widely cited (and taught) in current debates about the best policy to reduce greenhouse gas emissions. The paper's criterion for ranking policies suggests that technological uncertainty favors taxes over cap and trade....

Persistent link: https://www.econbiz.de/10011927948

Regulating stock externalities

Gerlagh, Reyer; Heijmans, Roweno - 2018

We develop a dynamic regulation game for a stock externality under asymmetric information and future market uncertainty. Within this framework, regulation is characterized as the implementation of a welfare-maximization program conditional on informational constraints. We identify the most...

Persistent link: https://www.econbiz.de/10011939765

Is emission intensity or output u-shaped in the strictness of environmental policy

Dijkstra, Bouwe R.; Gil-Moltó, Maria J. - 2014

In a model where firms face a continuous choice of how much to invest in environmental innovation, we show that an ever stricter environmental policy does not always lead to ever cleaner production methods and ever lower production of polluting goods. It does so when the abatement technology is...

Persistent link: https://www.econbiz.de/10010361382

Carbon tariffs : an analysis of the trade, welfare and emission effects

Larch, Mario; Wanner, Joschka - 2014

Carbon tariffs are one prominently discussed environmental policy. The proponents stress the carbon tariffs' ability to mitigate the potential negative effect of environmental-friendly production on competitiveness, to avoid carbon leakage and to reduce world carbon emissions. We analyze the...

Persistent link: https://www.econbiz.de/10010235843

Multiple pollutants, uncovered sectors, and suboptimal environmental policies

Fullerton, Don; Karney, Dan - 2014

In our analytical general equilibrium model where two polluting inputs can be substitutes or complements in production, we study the effects of a tax on one pollutant in two cases: one where both pollutants face taxes and the second where the other pollutant is subject to a permit policy. In...

Persistent link: https://www.econbiz.de/10010383371

Airline fuel usage and carbon emissions : determining factors

Brueckner, Jan K.; Abreu, Chrystyane - 2016

Using annual data on individual US airlines over the 1995-2015 period, this paper presents regression results relating an airline's total fuel usage to seven variables: the available ton miles of capacity (passengers plus freight and mail) provided by the airline; the average seat capacity of its...

Persistent link: https://www.econbiz.de/10011518130

Emission permits and public pollution abatement : can decentralized environmental policies be efficient?

Tsakiris, Nikos; Hatzipanayotou, Panos; Michael, Michael S. - 2015

We build a two regions general equilibrium model with cross-border pollution and either international or only inter …-regional capital mobility. To control pollution each region uses public pollution abatement and issues either intra-regionally or inter … emission permits and we examine when and how cross-border pollution and the type of capital mobility affect these equilibrium …

Persistent link: https://www.econbiz.de/10010498623