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A basic tenet of economics posits that when consumers or firms don't face the true social cost of their actions, market outcomes are inefficient. In the case of negative externalities, Pigouvian taxes are one way to correct this market failure, where the optimal tax leads agents to internalize...
Persistent link: https://www.econbiz.de/10010951204
: carbon taxes, cap-and-trade, emission reduction credits, clean energy standards, and fossil fuel subsidy reductions. …
Persistent link: https://www.econbiz.de/10009359898
This paper provides a simple analytic approach for measuring the burden of carbon pricing that does not require sophisticated and numerically intensive economic models but which is not limited to restrictive assumptions of forward shifting of carbon prices. We also show how to adjust for the...
Persistent link: https://www.econbiz.de/10008614934
Heavier vehicles are safer for their own occupants but more hazardous for the occupants of other vehicles. In this paper we estimate the increased probability of fatalities from being hit by a heavier vehicle in a collision. We show that, controlling for own-vehicle weight, being hit by a...
Persistent link: https://www.econbiz.de/10009147830
allocating the (large) rents created under prospective cap-and-trade programs to reduce domestic, energy-related CO2 emissions …
Persistent link: https://www.econbiz.de/10008684853
Mobile sources contribute large percentages of each pollutant, but technology is not yet available to measure and tax emissions from each vehicle. We build a behavioral model of household choices about vehicles and miles traveled. The ideal-but-unavailable emissions tax would encourage drivers...
Persistent link: https://www.econbiz.de/10005089182
, especially in the energy efficiency space. Some consumers respond to information disclosure by purchasing energy … more energy-efficient option). We investigate the incremental impact of energy efficiency rebates in the context of … regulatory and information mandates by evaluating the State Energy Efficient Appliance Rebate Program (SEEARP) implemented …
Persistent link: https://www.econbiz.de/10010950766
unsuccessful in achieving its policy goal of energy conservation and critically changes the welfare implications of nonlinear …
Persistent link: https://www.econbiz.de/10010951392
The outcome of the December 2011 United Nations climate negotiations in Durban, South Africa, provides an important new opportunity to move toward an international climate policy architecture that is capable of delivering broad international participation and significant global CO2 emissions...
Persistent link: https://www.econbiz.de/10011276445
the decision calculus for these activities in the direction of more efficient generation and use of energy, lower carbon … intensity of energy, and - more broadly - a more carbon-lean economy. The only approach to doing this on a meaningful scale that …-and-trade, and clean energy standards. We note that the U.S. political response to possible market-based approaches to climate policy …
Persistent link: https://www.econbiz.de/10009328093