and social welfare. We use an analytical model to assess the conditions under which such subsidies increase efficiency of … wholesale energy and capacity markets. While the subsidies, even when combined with energy consumption taxes, cannot achieve …We evaluate the effects of homogeneous subsidies granted for emission-free electricity generation on market outcomes …

-border pollution on Nash emission taxes, emission levels, and welfare. … from production is transmitted across borders. Governments in both countries impose emission taxes non …

We consider the notion of welfare stigma à la Besley and Coate (1992b). This stigma is attributed to welfare claimants … by society when they are perceived as undeserving in the sense that they falsely claim to be eligible for welfare … benefits. However, due to imperfect information, this stigma may be extended, with some probability, to all welfare claimants …

environmental taxes. We solve for the market equilibrium abstracting from public abatement and taxes and show that the ecological … compares the stationary distributions for environmental quality and individuals’ welfare arising under the unmanaged economy …

-congruence of objectives between firms and financiers on the one hand and social welfare maximization on the other. Our results … the probability of accident, and allowing the social welfare maximizing government to impose a lower liability [higher …