Showing 1 - 10 of 96
The paper analyses the problem of optimal taxation in oligopoly when environmental degradation induced by the industry … environment only because its degradation affects the industry's economic performance. The environment does not enter directly … concentration and emission taxation is explored. The second part of the paper faces the problem of optimal taxation. We show that …
Persistent link: https://www.econbiz.de/10005789196
Traditional least squares estimates of the responsiveness of gasoline consumption to changes in gasoline prices are biased toward zero, given the endogeneity of gasoline prices. A seemingly natural solution to this problem is to instrument for gasoline prices using gasoline taxes, but this...
Persistent link: https://www.econbiz.de/10011184084
The run-up in oil prices since 2004 coincided with growing investment in commodity markets and increased price comovement among different commodities. We assess whether speculation in the oil market played a role in driving this salient empirical pattern. We identify oil shocks from a large...
Persistent link: https://www.econbiz.de/10011084143
This paper sheds light on the role of the impact of taxes on energy production versus tariffs on imported goods for … trade, energy demand, and welfare. For this, we develop a structural Eaton-Kortum type general equilibrium model of … international trade which includes an energy sector. We estimate the key parameters of that model and calibrate it to domestic …
Persistent link: https://www.econbiz.de/10009644033
If some, but not all, countries are cooperating to reduce CO2 emissions, it can be argued that: A high carbon tax on carbon-intensive tradable sectors in the cooperating countries will reduce the production of goods from these sectors, and therefore CO2 emissions, in those countries. This will...
Persistent link: https://www.econbiz.de/10005498029
policies when they are so wasteful of resources and damaging to the environment. Several new and offsetting political forces …
Persistent link: https://www.econbiz.de/10005504664
This paper analyses a set of new scenarios for energy markets in Europe to evaluate the consistency of economic … economically efficient and, at the same time, climate friendly, energy mix. Economic costs and environmental objectives are … balanced to identify the welfare-maximising development path, the related investment strategies in the energy sector, and the …
Persistent link: https://www.econbiz.de/10011084042
International markets for tradable emission permits (TEP) co-exist with national energy taxation. A firm trading … on the number of participating countries. We also show how energy taxation varies with the introduction of the market on … emission permits in the international market also pays energy taxes in its host country, thus creating an interaction between …
Persistent link: https://www.econbiz.de/10005666994
. The extent to which countries climb the electricity ladder is dependent on energy endowments. The results imply that the … environmental implications of economic development differ in countries with different energy resource endowments. An effective …
Persistent link: https://www.econbiz.de/10008515763
The paper is concerned with the empirical modelling of domestic demand for energy in the United Kingdom at the level of …-stage budgeting model of the household's demand for energy conditional on its ownership of durables. Preferences at both stages of the … data has not been fully exploited in the analysis of energy demand to date. Unrestricted reduced-form estimates are …
Persistent link: https://www.econbiz.de/10005497752