Least-squares estimates of the response of gasoline consumption to a change in the gasoline price 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 approach tends to yield implausibly large price elasticities. We demonstrate that …

calculate elasticities and to simulate the effects of alternative pollution control policies such as taxes on gasoline, on … taxes on cars or to taxes on gas or distance. Thus emissions are more affected by taxes on gasoline than by taxes on …

We examine an open economy's strategy to reduce its carbon emissions by replacing its consumption of coal - very carbon …