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Tax and Subsidy Combinations for the Control of Car Pollution

Fullerton, Don - 2000

Despite technological advances, an individual car's emissions still cannot be measured reliably enough to impose a Pigovian tax. This paper explores alternative market incentives that could be used instead. We solve for second-best combinations of uniform taxes on gasoline, engine size, and...

Persistent link: https://www.econbiz.de/10012470976

Output and Attribute-Based Carbon Regulation Under Uncertainty

Kellogg, Ryan - 2019

Output-based carbon regulations--such as fuel economy standards and the rate-based standards in the Clean Power Plan--create well-known incentives to inefficiently increase output. Similar distortions are created by attribute-based regulations. This paper demonstrates that, despite these...

Persistent link: https://www.econbiz.de/10012480118

Pareto-Improving Carbon-Risk Taxation

Kotlikoff, Laurence J. - 2020

Anthropogenic climate change produces two conceptually distinct negative economic externalities. The first is an expected path of climate damage. The second, which is this paper's focus, is an expected path of economic risk. To isolate the climate-risk problem, we consider mean-zero, symmetric...

Persistent link: https://www.econbiz.de/10012481877

What Are the Costs of Meeting Distributional Objectives for Climate Policy?

Parry, Ian W.H. - 2010

This paper develops an analytical model to quantify the costs and distributional effects of various fiscal options for allocating the (large) rents created under prospective cap-and-trade programs to reduce domestic, energy-related CO2 emissions. The trade-off between cost effectiveness and...

Persistent link: https://www.econbiz.de/10012462171

Regulatory Choice with Pollution and Innovation

Kolstad, Charles D. - 2010

technologies which reduce the cost of pollution abatement. The innovating firm can patent this innovation and use a licensing fee … a pollution tax or a marketable permit. However, the returns to the innovator from innovation are not the same under the …

Persistent link: https://www.econbiz.de/10012462354

Taxes, Permits, and Climate Change

Kaplow, Louis - 2010

This essay revisits the question of instrument choice for the regulation of externalities in the context of climate change. The central point is that the Pigouvian prescription to equate marginal control costs with the expected marginal benefits of damage reduction should guide the design of...

Persistent link: https://www.econbiz.de/10012462388

Environmental Tax Interactions When Pollution Affects Health or Productivity

Williams, Roberton C. - 2000

pollution regulation. However, these studies have made restrictive assumptions regarding individual preferences and have ignored … key links between pollution, human health, and labor productivity. Together, these assumptions imply that the benefits of … that when the benefits of reduced pollution come in the form of improved health or productivity, the benefits do affect …

Persistent link: https://www.econbiz.de/10012470669

Health Effects in a Model of Second-Best Environmental Taxation or Reconsidering "Reconsidering the Tax-Interaction Effect"

Williams, Roberton C. - 2000

finding, arguing that the health benefits from reduced pollution will also interact with pre-existing taxes, possibly causing … considers health effects. It shows that interactions with health effects from pollution actually will tend to reduce the optimal …

Persistent link: https://www.econbiz.de/10012470683

Environmental Levies and Distortionary Taxation : Pigou, Taxation, and Pollution

Metcalf, Gilbert E. - 2000

Bovenberg and de Mooij (1994) showed that, in the presence of preexisting distorting taxes, the optimal pollution tax … hypothesis,' which suggests that a tax on pollution can both improve the environment and reduce distortions in the tax system …

Persistent link: https://www.econbiz.de/10012470820

Carbon Policy and the Emissions Implications of Electric Vehicles

Gillingham, Kenneth; Ovaere, Marten; Weber, Stephanie M. - National Bureau of Economic Research - 2021

Will a carbon tax improve the welfare consequences of policies to promote electric vehicles? This paper examines when a complementarity could exist between carbon pricing and high electric vehicle adoption. We analyze electricity generation in recent years to show that in several regions, carbon...

Persistent link: https://www.econbiz.de/10012496174