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Anticipation, Tax Avoidance, and the Price Elasticity of Gasoline Demand

Coglianese, John; Davis, Lucas W; Kilian, Lutz; Stock, … - C.E.P.R. Discussion Papers - 2015

Traditional least squares estimates of the responsiveness of gasoline consumption to changes in gasoline prices are biased toward zero, given the endogeneity of gasoline prices. A seemingly natural solution to this problem is to instrument for gasoline prices using gasoline taxes, but this...

Persistent link: https://www.econbiz.de/10011184084

Speculation in the Oil Market

Juvenal, Luciana; Petrella, Ivan - C.E.P.R. Discussion Papers - 2014

: (i) While global demand shocks account for the largest share of oil price fluctuations, speculative shocks are the second … demand. However, speculation played a significant role in the oil price increase between 2004 and 2008, and its subsequent … collapse. (iii) The comovement between oil prices and the prices of other commodities is mainly explained by global demand …

Persistent link: https://www.econbiz.de/10011084143

Environmental Feedbacks and Optimal Taxation in Oligopoly

Carraro, Carlo; Soubeyran, Antoine - C.E.P.R. Discussion Papers - 1995

production process feeds back into market demand. The main assumption is that economic agents and the policy-maker care about the …

Persistent link: https://www.econbiz.de/10005789196

Should a Carbon Tax be Differentiated Across Sectors?

Hoel, Michael - C.E.P.R. Discussion Papers - 1994

If some, but not all, countries are cooperating to reduce CO2 emissions, it can be argued that: A high carbon tax on carbon-intensive tradable sectors in the cooperating countries will reduce the production of goods from these sectors, and therefore CO2 emissions, in those countries. This will...

Persistent link: https://www.econbiz.de/10005498029

The Political Economy of Coal Subsidies in Europe

Anderson, Kym - C.E.P.R. Discussion Papers - 1995

Both the mining and the burning of coal is pollutive, so one might expect to observe taxes on coal production and consumption. Yet several countries in Western Europe subsidize coal production, and most East European countries subsidize coal consumption. The first part of this paper shows that...

Persistent link: https://www.econbiz.de/10005504664

The Race for Polluting Permits

Brechet, Thierry; Peralta, Susana - C.E.P.R. Discussion Papers - 2007

International markets for tradable emission permits (TEP) co-exist with national energy taxation. A firm trading emission permits in the international market also pays energy taxes in its host country, thus creating an interaction between the international TEP-market and national energy taxes....

Persistent link: https://www.econbiz.de/10005666994

The Optimal Energy Mix in Power Generation and the Contribution from Natural Gas in Reducing Carbon Emissions to 2030 and Beyond

Carraro, Carlo; Longden, Thomas; Marangoni, Giacomo; … - C.E.P.R. Discussion Papers - 2013

This paper analyses a set of new scenarios for energy markets in Europe to evaluate the consistency of economic incentives and climate objectives. It focuses in particular on the role of natural gas across a range of climate policy scenarios (including the Copenhagen Pledges and the EU Roadmap)...

Persistent link: https://www.econbiz.de/10011084042

Energy Demand and Trade in General Equilibrium: An Eaton-Kortum-type Structural Model and Counterfactual Analysis

Egger, Peter; Nigai, Sergey - C.E.P.R. Discussion Papers - 2011

trade, energy demand, and welfare. For this, we develop a structural Eaton-Kortum type general equilibrium model of …. The model helps understanding the interplay between country-specific energy productivity, energy demand, and trade. The … general import tariffs can be an effective instrument to reduce energy demand. For small open economies, taxing imports as an …

Persistent link: https://www.econbiz.de/10009644033

The role of fees in patent systems: Theory and evidence

de Rassenfosse, Gaétan; van Pottelsberghe de la … - C.E.P.R. Discussion Papers - 2010

This paper reviews the economic literature on the role of fees in patent systems. Two main research questions are usually addressed: the impact of patent fees on the behavior of applicants and the question of optimal fees. Studies in the former group confirm that a range of fees affect the...

Persistent link: https://www.econbiz.de/10008468560

On the price elasticity of demand for patents

de Rassenfosse, Gaétan; van Pottelsberghe de la … - C.E.P.R. Discussion Papers - 2008

observed in major patent offices. We provide the first panel-based evidence suggesting that fees affect the demand for patents … residential demand for oil or water). The laxity of fee policies adopted by patent offices over the past 25 years therefore …

Persistent link: https://www.econbiz.de/10005504601