Showing 1 - 7 of 7
Eastern enlargement of the EU promises gains, but also imposes fiscal costs on incumbent countries. A sensitive issue concerns immigration, jobs and wages. We address these issues in a general equilibrium framework, both analytically and through numerical simulations. Analytical results identify...
Persistent link: https://www.econbiz.de/10005051580
We propose a development-compatible refunding system designed to mitigate climate change. Industrial countries pay an initial fee into a global fund. Each country chooses its national carbon tax. Part of the global fund is refunded to developing and industrial countries, in proportion to the...
Persistent link: https://www.econbiz.de/10008572503
Motivated by tropical deforestation, we analyze (i) a novel theory of resource extraction, (ii) the optimal …’s presence may induce institutional change. Deforestation can be legal or illegal in the model: each district decides how much to …
Persistent link: https://www.econbiz.de/10011273091
A “conservation good” (such as a tropical forest) is owned by a seller who is tempted to consume (or cut), but a buyer benefits more from conservation. The seller does conserve if the buyer is expected to buy, but the buyer is unwilling to pay as long as the seller conserves. This...
Persistent link: https://www.econbiz.de/10010670795
management, and unsustainable forest exploitation in the form of illegal logging to explore deforestation and agricultural and … to increase deforestation by increasing both land conversion to agriculture and illegal logging. Contrary to current …, and thus deforestation. Confiscation risk decreases timber supply from unsustainable forestry practices while the affect …
Persistent link: https://www.econbiz.de/10005765938
The paper presents an adjusted Faustmann Rule for optimal harvest of a forest when there is a social cost of carbon emissions. The theoretical framework takes account of the dynamics and interactions of forests’ multiple carbon pools and assumes an infinite time horizon. Our paper provides a...
Persistent link: https://www.econbiz.de/10010877686
Many countries have adopted energy policies that promote biofuels as a substitute for gasoline in transportation. For instance, more than 40% of U.S. grain is now used for energy and this share is expected to rise under the current Renewable Fuels Mandate. This paper examines the distributional...
Persistent link: https://www.econbiz.de/10011123798