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--to provide incentives for their reduction. The United States does not have a federal carbon tax; however, many state and federal … Fischer, Meredith Fowlie, and Rob Williams--to discuss how the United States does, in fact, price carbon and how it could …
Persistent link: https://www.econbiz.de/10013435107
This paper provides stated preference (SP) estimates of the average social cost of carbon (ASCC) for use in evaluation of the benefits and costs of climate policy. Based on a U.S. nationally representative survey, we find an average individual willingness-to-pay (WTP) of $1,116 per year to keep...
Persistent link: https://www.econbiz.de/10014468243
There is a rapidly advancing literature on the macroeconomics of climate change. This review focuses on developments in the construction and solution of structural integrated assessment models (IAMs), highlighting the marriage of state-of-the-art natural science with general equilibrium theory....
Persistent link: https://www.econbiz.de/10015072904
We use an instrumental-variables estimator reliant on variation in congressional representation to analyze the effects of federal aid to state and local governments across all four major pieces of COVID-19 response legislation. Through September 2021, we estimate that the federal government...
Persistent link: https://www.econbiz.de/10013334387
the literature on the role of intergovernmental grants in systems of fiscal federalism. Second, we provide an updated look … at some of the key institutions through which intergovernmental transfers are implemented in the United States. Third, we … directions for future research on the economics of fiscal federalism and the role of intergovernmental grants as policy …
Persistent link: https://www.econbiz.de/10014287352
change in policy allows estimation of the impact of altered federalism. By looking at how states reacted to their enhanced … with significantly lower student achievement growth. As a result, this readjustment of federalism to decision making by … lower levels appeared to lower national achievement. The snapshot of federalism impacts here is a lower bound on the effects …
Persistent link: https://www.econbiz.de/10014528390
Experiences in real-world pollution markets suggest that firms make persistent errors in forecasting allowance and credit prices that inform their investment decisions. The residual uncertainty characterizing allowance and credit trading means that pollution markets may fail to deliver...
Persistent link: https://www.econbiz.de/10013210071
have pledged to stop using coal, with some as early as 2030. While the United States has no target currently in place …, several states do. In this paper, we examine the feasibility of phasing down U.S. coal-generated electricity given the …
Persistent link: https://www.econbiz.de/10014512089
What is the impact and value of hurricane forecasts? We study this question using newly-collected forecast data for major US hurricanes since 2005. We find higher wind speed forecasts increase pre-landfall protective spending, but erroneous under-forecasts increase post-landfall damage and...
Persistent link: https://www.econbiz.de/10014576576
address climate objectives. We evaluate proposals for the United States and find that as stated, ambitious plans to further …
Persistent link: https://www.econbiz.de/10014226153