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We investigate the performance of a consumption-based carbon tax – implemented by full border carbon adjustment – as an instrument of unilateral climate damage mitigation in a two-period two-country general equilibrium model with a finite stock of fossil fuel. The implementation of that tax...
Persistent link: https://www.econbiz.de/10011263696
In a multi-country model with mobile capital and global pollution this paper analyzes self-enforcing environmental agreements (IEAs) when the coalition formed by the signatory countries plays Nash. In accordance with a previous environmental literature we show that there exists a unique...
Persistent link: https://www.econbiz.de/10011052388
In the basic model of the literature on international environmental agreements (IEAs) (Barrett, 1994; Rubio and Ulph, 2006), the number of signatories of self-enforcing IEAs does not exceed three, if non-positive emissions are ruled out. We extend that model by introducing a composite consumer good...
Persistent link: https://www.econbiz.de/10011056193
Persistent link: https://www.econbiz.de/10011921555