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Optimal Carbon Taxation and Horizontal Equity : A Welfare-Theoretic Approach with Application to German Household Data

Hänsel, Martin C.; Franks, Max; Kalkuhl, Matthias; … - 2021

welfare maximizing tax structure. We calibrate the model to German household data and a 30 percent emission reduction goal … revenue via household-specific transfers is the first-best policy. Equal per-capita transfers do not suffer from informational …

Persistent link: https://www.econbiz.de/10013239565

Gathering Support for Green Tax Reform : Evidence from German Household Surveys

van der Ploeg, Rick; Rezai, Armon; Tovar, Miguel - 2021

investigate this, we estimate an EASI demand system from German household data and a labour supply schedule, using wage data, and …

Persistent link: https://www.econbiz.de/10013314691

A Life-Cycle Analysis of French Household Electricity Demand

Bélaïd, Fateh; Rault, Christophe; Massié, Camille - 2021

This paper develops a pseudo-panel approach to examine household electricity demand behaviour through the household … electricity consumption follows an inverted U-shaped distribution as a function of the age of the household's head. Most notably … outcome has important implications for policy-making. Any public policy aimed at reducing household energy consumption should …

Persistent link: https://www.econbiz.de/10013250745

Efficient Taxation of Fuel and Road Use

Bjertnæs, Geir H. - 2020

This study calculates efficient taxes on gasoline and road use designed to combat driving related externalities when motorists avoid taxes due to an excessive economic driving-style. The efficient tax on gasoline is reduced below the Pigouvian rate due to such avoidance. The current US tax rate...

Persistent link: https://www.econbiz.de/10012844204

Carbon Prices are Redundant in the 2030 EU Climate and Energy Policy Package

Aune, Finn Roar - 2019

In June 2018, an agreement between key EU institutions – the Commission, the European Parliament, and the European Council – was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a comprehensive assessment of the EU package, with its...

Persistent link: https://www.econbiz.de/10012892222

Environmental Policy with Green Consumerism

Ambec, Stefan - 2020

Is green consumerism beneficial to the environment and the economy? To shed light on this question, we study the political economy of environmental regulations in a model with neutral and green consumers where the latter derive some warm glow from buying a good of higher environmental quality...

Persistent link: https://www.econbiz.de/10012826061

City Size, Pollution and Emission Policies

Pflüger, Michael - 2020

This paper develops a model with an endogenous number of cities to explore whether local governments establish the optimal city size when key activities in the city are associated with emissions that harm consumers. In contrast to extant research, our model is fully micro-founded with respect to...

Persistent link: https://www.econbiz.de/10012827112

Carbon Taxes and Stranded Assets : Evidence from Washington State

Carattini, Stefano - 2019

The climate challenge requires ambitious climate policy. A sudden increase in carbon prices can lead to major shocks to the stock market. Some assets will lose part of their value, others all of it, and hence become "stranded". If the markets are not ready to absorb the shock, a financial crisis...

Persistent link: https://www.econbiz.de/10012864929

The Social Cost of Carbon and Inequality : When Local Redistribution Shapes Global Carbon Prices

Kornek, Ulrike - 2019

The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...

Persistent link: https://www.econbiz.de/10012870643

The Risk-Adjusted Carbon Price

van den Bremer, Ton S. - 2019

We use perturbation methods to derive a rule for the optimal risk-adjusted social cost of carbon (SCC) that incorporates the effects of uncertainties associated with climate and the economy from a calibrated DSGE model. We allow for different aversions to risk and intertemporal fluctuations,...

Persistent link: https://www.econbiz.de/10012872062

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