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The Efficient Combination of Taxes on Fuel and Vehicles
Bjertnæs, Geir H. - 2018
A tax on fuel combined with tax-exemptions or subsidies for purchase of fuel-efficient vehicles is implemented in many countries to reduce greenhouse gas emissions and other negative externalities from road traffic. This study, however, shows that a tax on fuel should be combined with heavier...
Persistent link: https://www.econbiz.de/10012928119
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Indirect Taxes for Redistribution: Should Necessity Goods be Favored?
Boadway, Robin; Pestieau, Pierre - CESifo - 2011
Atkinson and Stiglitz show that with weakly separability, differential commodity taxes are unnecessary given an optimal … nonlinear income tax. Deaton showed that with an optimal linear progressive income tax, commodity taxes are superfluous under …
Persistent link: https://www.econbiz.de/10009368565
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The Welfare Gains of Age Related Optimal Income Taxation
Bastani, Spencer; Blomquist, Sören; Micheletto, Luca - CESifo - 2010
Using a calibrated overlapping generations model we quantify the welfare gains of an age dependent income tax. Agents face uncertainty regarding future abilities and can by saving transfer consumption across periods. The welfare gain of switching from an age-independent to an age-dependent...
Persistent link: https://www.econbiz.de/10008727282
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Do Permit Allocations Matter?
Verbon, Harrie A. A; Withagen, Cees A. - CESifo - 2010
In the standard setting a system of tradable permits is effective and cost-efficient in attaining the policy objective of pollution reduction. This outcome is challenged in case of a tradable permit system in a federal system/constitution with individual states having discretionary power...
Persistent link: https://www.econbiz.de/10008727284
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The Carbon-Budget Approach to Climate Stabilization: Cost-Effective Subglobal versus Global Action
Eichner, Thomas; Pethig, Rüdiger - CESifo - 2010
Scientific expertise suggests that mitigating extreme world-wide climate change damages requires avoiding increases in the world mean temperature exceeding 2◦ Celsius. To achieve the two degree target, the cumulated global emissions must not exceed some limit, the so-called global carbon...
Persistent link: https://www.econbiz.de/10008727298
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Cooperative and Non-Cooperative Equilibrium Consumption Taxes in the Presence of Cross-Border Pollution
Michael, Michael S.; Hatzipanayotou, Panos - CESifo - 2013
this framework we examine i) the non-cooperative equilibrium consumption taxes and compare them to when pollution is only … local, ii) the cooperative equilibrium consumption taxes and we compare them to the non-cooperative tax rates, and iii …) cases where cooperative taxes are different between countries. In this framework, tax harmonization may not be the optimal …
Persistent link: https://www.econbiz.de/10010720639
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Climate Policy Enhances Efficiency: A Macroeconomic Portfolio Effect
Siegmeier, Jan; Mattauch, Linus; Edenhofer, Ottmar - CESifo - 2015
Carbon pricing regulates emission flows and collects rents from underlying fossil resource stocks. The resulting investment shift implies lower climate policy costs and improved welfare if capital is underaccumulated. We prove that under emission trading, such a beneficial macroeconomic...
Persistent link: https://www.econbiz.de/10011122684
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Carbon Leakage: A Medium- and Long-Term View
Habermacher, Florian - CESifo - 2015
leakage rates for current mitigation, but a perfect backstop allows leakage above unity. Leakage rates and suggested taxes …
Persistent link: https://www.econbiz.de/10011167138
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Hypergeorgism: When is Rent Taxation as a Remedy for Insufficient Capital Accumulation Socially Optimal?
Edenhofer, Ottmar; Mattauch, Linus; Siegmeier, Jan - CESifo - 2013
combinations of high taxes and strongly redistributive recycling. Specific forms of redistribution of the land rent tax - a capital …
Persistent link: https://www.econbiz.de/10010627570
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Bringing French Public Debt Down: The Options for Fiscal Consolidation
Egert, Balazs - CESifo - 2012
France has a track record of persistent general government deficits, partly reflecting pro-cyclical fiscal policies in upswings. This has resulted in a quadrupling of its public debt-to-GDP ratio since the 1970s to above 80% of GDP. Reducing public debt is crucial because a high level of public...
Persistent link: https://www.econbiz.de/10010570047