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Environmental Tax Reform in a Federation with Rent-Induced Migration
Garon, Jean-Denis; Séguin, Charles - CESifo - 2015
We study the welfare effects of a revenue-neutral green tax reform in a federation. The reform consists of increasing a tax on a polluting input and reducing that on labor income. Households are fully mobile within the federation. Regions are unequally endowed with a nonrenewable natural...
Persistent link: https://www.econbiz.de/10011210783
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Learning Abatement Costs: On the Dynamics of Optimal Regulation of Experience Goods
Hintermann, Beat; Lange, Andreas - CESifo - 2012
We study the introduction of new technologies when their costs are subject to idiosyncratic uncertainty and can only be fully learned through individual experience. We set up a dynamic model of clean experience goods that replace old polluting consumption options and show how optimal regulation...
Persistent link: https://www.econbiz.de/10010603856
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Externality-correcting Taxes and Regulation
Christiansen, Vidar; Smith, Stephen - CESifo - 2009
Much of the literature on externalities has considered taxes and direct regulation as alternative policy instruments … use of taxes and regulation in combination, to control externalities arising from individual consumption behaviour. We … consider cases where taxes are either imperfectly differentiated to reflect individual differences in externalities, or where …
Persistent link: https://www.econbiz.de/10008583655
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Pigou Meets Mirrlees: On the Irrelevance of Tax Distortions for the Second-Best Pigouvian Tax
Jacobs, Bas; Mooij, Ruud A. de - CESifo - 2011
internalize consumption externalities. It is demonstrated that the optimal second-best tax on an externality-generating good …
Persistent link: https://www.econbiz.de/10008833932
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Pricing the Ecosystem and Taxing Ecosystem Services: A General Equilibrium Approach
Eichner, Thomas; Pethig, Rüdiger - CESifo - 2007
internalize consumption services externalities. In the case of an open access habitat additional sources of inefficiency are the …
Persistent link: https://www.econbiz.de/10005405951
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Climate Policy without Commitment
Golombek, Rolf; Greaker, Mads; Hoel, Michael - CESifo - 2010
Climate mitigation policy should be imposed over a long period, and spur development of new technologies in order to make stabilization of green house gas concentrations economically feasible. The government may announce current and future policy packages that stimulate current R&D in...
Persistent link: https://www.econbiz.de/10008572502
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Environmental Policy and the Macroeconomy under Shallow-Lake Dynamics
Heijdra, Ben J.; Heijnen, Pim - CESifo - 2009
We study the environmental and economic effects of public abatement in the presence of multiple stable steady-state ecological equilibria. Under shallow-lake dynamics (SLD), the isocline for the stock of pollution features two stable branches, a good and a bad one. Assuming that the ecology is...
Persistent link: https://www.econbiz.de/10008596591
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Leakage, Welfare, and Cost-Effectiveness of Carbon Policy
Baylis, Kathy; Fullerton, Don; Karney, Dan - CESifo - 2013
We extend the model of Fullerton, Karney, and Baylis (2012 working paper) to explore cost-effectiveness of unilateral climate policy in the presence of leakage. We ignore the welfare gain from reducing greenhouse gas emissions and focus on the welfare cost of the emissions tax or permit scheme....
Persistent link: https://www.econbiz.de/10010608709
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Banking Permits: Economic Efficiency and Distributional Effects
Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele - CESifo - 2008
Most analyses of the Kyoto flexibility mechanisms focus on the cost effectiveness of “where” flexibility (e.g. by showing that mitigation costs are lower in a global permit market than in regional markets or in permit markets confined to Annex 1 countries). Less attention has been devoted to...
Persistent link: https://www.econbiz.de/10005765874
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Modelling Economic Impacts of Alternative International Climate Policy Architectures.A Quantitative and Comparative Assessment of Architectures for Agreement
Bosetti, Valentina; Carraro, Carlo; Sgobbi, Alessandra; … - CESifo - 2008
This paper provides a quantitative comparison of the main architectures for an agreement on climate policy. Possible successors to the Kyoto protocol are assessed according to four criteria: economic efficiency; environmental effectiveness; distributional implications; and their political...
Persistent link: https://www.econbiz.de/10005094246