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Potentially Harmful International Cooperation on Global Public Good Provision
Buchholz, Wolfgang; Cornes, Richard C.; Rübbelke, Dirk … - 2021
-called matching approaches. Matching schemes are regarded as providing a promising approach to overcome under supply of public goods … like climate protection. The functioning of matching mechanisms in a setting with an incomplete agreement, i.e. a contract … by analyzing incomplete matching agreements in the context of international climate protection. We analyze their effect …
Persistent link: https://www.econbiz.de/10013315882
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Coordinating Climate and Trade Policies : Pareto Efficiency and the Role of Border Tax Adjustments
Keen, Michael - 2011
This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether border tax adjustment (BTA) is warranted when carbon prices differ internationally. It shows that tariff policy has a role in easing cross-country distributional...
Persistent link: https://www.econbiz.de/10013123211
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Time-Consistent Fiscal Policy Under Heterogeneity : Conflicting or Common Interests
Angelopoulos, Konstantinos - 2011
This paper studies the aggregate and distributional implications of Markov-perfect tax-spending policy in a neoclassical growth model with capitalists and workers. Focusing on the long run, our main findings are: (i) it is optimal for a benevolent government, which cares equally about its...
Persistent link: https://www.econbiz.de/10013125070
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Pareto Improving Climate Policies : Distributing the Benefits Across Generations and Regions
Hoel, Michael - 2015
Most studies show that the present generation has to take the burden and reduce consumption to mitigate future climate change. However, significant climate change is due to a market failure, and corrections of market failures give possibilities of Pareto improvements. In this paper, we study the...
Persistent link: https://www.econbiz.de/10013015000
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Image Concerns and the Political Economy of Publicly Provided Private Goods
König, Tobias - 2017
Governments often provide their citizens with goods and services that are also supplied in markets: education, housing, nutritional assistance, etc. We analyze the political economy of the public provision of private goods when individuals care about their social image. We show that image...
Persistent link: https://www.econbiz.de/10012962915
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Does Indirect Tax Harmonization Deliver Pareto Improvements in the Presence of Global Public Goods?
Karakosta, Ourania - 2009
This paper identifies conditions under which, starting from any tax distorting equilibrium, destination- and origin-based indirect tax-harmonizing reforms are potentially Pareto improving in the presence of global public goods. The first condition (unrequited transfers between governments)...
Persistent link: https://www.econbiz.de/10013158653
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Trade, Inequality and Distribution-Neutral Fiscal Policy – An Elementary Framework
Marjit, Sugata - 2017
Theoretical discussion on compensating mechanisms involving the Pareto criterion that address inequality rather than absolute welfare is non-existent in trade literature. In a simple HOS model we consider tax-transfer policies that keep the pre-trade degree of inequality unchanged between...
Persistent link: https://www.econbiz.de/10012954364
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Distribution-Neutral Welfare Ranking-Extending Pareto Principle
Marjit, Sugata - 2017
The well known Pareto criterion used in the context of efficiency and welfare has to do with absolute changes whereas in every domain of economic behaviour inequality or relative changes has become a major concern. We propose an inequality-preserving or distribution neutral Pareto criterion-the...
Persistent link: https://www.econbiz.de/10012958456
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Testing the Pareto Efficiency of Household Resource Allocations
Apps, Patricia F. - 2008
In a careful and thorough empirical study, Christopher Udry (1996) shows convincingly that, in a large sample of West African households, household resource allocations were not Pareto efficient. This paper argues that observation of the Pareto inefficiency of a household resource allocation...
Persistent link: https://www.econbiz.de/10012771691
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A Pareto-Improving Minimum Wage
Danziger, Eliav - 2014
This paper shows that a graduated minimum wage, in contrast to a constant minimum wage, can provide a strict Pareto improvement over what can be achieved with an optimal income tax. The reason is that a graduated minimum wage requires high-productivity workers to work more to earn the same...
Persistent link: https://www.econbiz.de/10013054019