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Second-Best Carbon Taxation in the Global Economy: The Green Paradox and Carbon Leakage Revisited
van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2015
Unilateral second-best carbon taxes are analysed in a two-period, two-country model with international trade in final goods, oil and bonds. Acceleration of global warming resulting from a future carbon tax is large if the price elasticities of oil demand are large and that of oil supply is...
Persistent link: https://www.econbiz.de/10011262885
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The Distribution of Harm in Price-Fixing Cases
Boone, Jan; Müller, Wieland - C.E.P.R. Discussion Papers - 2008
We consider a vertically related industry and analyze how the total harm due to a price increase upstream is distributed over downstream firms and final consumers. For this purpose, we develop a general model without making specific assumptions regarding demand, costs, or the mode of...
Persistent link: https://www.econbiz.de/10005666424
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Effective Corporate Taxation, Tax Incidence and Tax Reforms: Evidence from OECD Countries
Barrios, Salvador; Nicodème, Gaëtan; Fuentes, Sanchez; … - C.E.P.R. Discussion Papers - 2014
-country/cross-sector approach allows us comparing the incentives provided by the tax systems and gauging the effects of tax changes taking … OECD tax systems provide different incentives for manufacturing activity across countries and that tax systems are …, elasticity of substitution between factors and mark-up on final prices. In addition, policy strategies favouring tax increases on …
Persistent link: https://www.econbiz.de/10011083944
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Direct Evidence of Dividend Tax Clienteles
Dahlquist, Magnus; Robertsson, Göran; Rydqvist, Kristian - C.E.P.R. Discussion Papers - 2006
We study a large data set of stock portfolios held by individuals and organizations in the Swedish stock market. The dividend yields on these portfolios are systematically related to investors' relative tax preferences for dividends versus capital gains. Tax-neutral investors earn 40 basis...
Persistent link: https://www.econbiz.de/10005662033
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Estimating the Effect of a Gasoline Tax on Carbon Emissions
Davis, Lucas W; Kilian, Lutz - C.E.P.R. Discussion Papers - 2009
Several policymakers and economists have proposed the adoption of a carbon tax in the United States. It is widely recognized that such a tax in practice must take the form of a tax on the consumption of energy products such as gasoline. Although a large existing literature examines the...
Persistent link: https://www.econbiz.de/10005124012
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The Economic Effects of Energy Price Shocks
Kilian, Lutz - C.E.P.R. Discussion Papers - 2007
Large fluctuations in energy prices have been a distinguishing characteristic of the U.S. economy since the 1970s. Turmoil in the Middle East, rising energy prices in the U.S. and evidence of global warming recently have reignited interest in the link between energy prices and economic...
Persistent link: https://www.econbiz.de/10005504581
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Market Size and Pharmaceutical Innovation
de Mouzon, Oliver; Dubois, Pierre; Scott Morton, Fiona; … - C.E.P.R. Discussion Papers - 2011
the elasticity of innovation, as measured by the number of new chemical entities appearing on the market for a given … additional new chemical entity. An elasticity substantially and significantly below one-half is also a plausible implication of …
Persistent link: https://www.econbiz.de/10009003149
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Tax Reduction, Debt Stabilisation and Policy Rules: An Application to New Zealand
Osborne, C.; Wells, G. - Research School of Economics, College of Business and … - 1998
Recent reforms in New Zealand have focused attention on the achievement of well-specific objectives for monetary and fiscal policy. The Reserve Bank Act requires that monetary policy be directed towards maintenance of inflation in the 0-2 per cent range. The Fiscal Responsibility Act specifies a...
Persistent link: https://www.econbiz.de/10004971347
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The Distribution of Top Incomes in New Zealand
Atkinson, A. B.; Leigh, Andrew - Research School of Economics, College of Business and … - 2005
Using taxation statistics, we estimate the income share held by top income groups in New Zealand over the period 1921-2002. We find that the income share of the richest fell during the 1930s, rose again after World War II, and steadily declined from the late-1950s until the mid-1980s. From the...
Persistent link: https://www.econbiz.de/10005032878
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The Distribution of Top Incomes in Five Anglo-Saxon Countries over the Twentieth Century
Atkinson, A B; Leigh, Andrew - Research School of Economics, College of Business and … - 2010
Taxation data have been used to create long-run series for the distribution of top incomes in quite a number of countries. Most of these studies have focused on the national experience of individual countries, but we can also learn from cross-country comparisons. Comparative analysis is...
Persistent link: https://www.econbiz.de/10008485492