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Optimal Taxation of Externalities Interacting Through Markets : A Theoretical General Equilibrium Analysis

Ren, Xiaolin; Fullerton, Don; Braden, John B. - 2021

This study develops a theoretical general equilibrium model to examine optimal externality tax policy in the presence of externalities linked to one another through markets rather than technical production relationships. Analytical results reveal that the second-best externality tax rate may be...

Persistent link: https://www.econbiz.de/10013316127

Did the Renewable Fuel Standard Shift Market Expectations of the Price of Ethanol?

Baumeister, Christiane - 2017

It is commonly believed that the response of the price of corn ethanol (and hence of the price of corn) to shifts in biofuel policies operates in part through market expectations and shifts in storage demand, yet to date it has proved difficult to measure these expectations and to empirically...

Persistent link: https://www.econbiz.de/10012963589

Wood-Based Bioenergy

Hoel, Michael; Sletten, Thea Marcelia - 2021

During recent years increased attention has been given to second-generation wood-based bioenergy. The carbon stored in the forest is highest when there is little or no harvest from the forest. Increasing the harvest from a forest, in order to produce more bioenergy, may thus conflict with the...

Persistent link: https://www.econbiz.de/10013315623

Does a Renewable Fuel Standard for Biofuels Reduce Climate Costs?

Greaker, Mads; Hoel, Michael; Rosendahl, Knut Einar - 2021

Recent contributions have questioned whether biofuels policies actually lead to emissions reductions, and thus lower climate costs. In this paper we make two contributions to the literature. First, we study the market effects of a renewable fuel standard. Opposed to most previous studies we...

Persistent link: https://www.econbiz.de/10013315823

Food for Fuel : The Effect of U.S. Biofuel Mandate on Poverty in India

Chakravorty, Ujjayant; Hubert, Marie-Hélène; Ural … - 2021

RFS on world food prices and their impact on household level consumption and wage incomes in India. We first develop a … partial equilibrium model to estimate the effect of the RFS on the price of selected food commodities - rice, wheat, corn …, sugar and meat and dairy, which together provide almost 70% of Indian food calories. Our model predicts that world prices …

Persistent link: https://www.econbiz.de/10013315870

The Long Run Impact of Biofuels on Food Prices

Chakravorty, Ujjayant; Hubert, Marie-Helene; Moreaux, Michel - 2021

. Biofuels have been blamed universally for recent increases in world food prices. Many studies have shown that these energy … mandates in the US and EU may have a large (30-60%) impact on food prices. In this paper we show that demand-side effects - in … much of a role in raising food prices as biofuel policy. By specifying a Ricardian model with differential land quality, we …

Persistent link: https://www.econbiz.de/10013315897

Biofuels Subsidies and the Green Paradox

Grafton, R. Quentin; Kompas, Tom; Long, Ngo Van - 2021

This paper develops sufficient conditions under which the Weak Green Paradox may (and may not) hold in terms of subsidies for biofuel production such that the supply-side responses by fossil fuel producers may more than offset the substitution to biofuels. Analytical results are derived and...

Persistent link: https://www.econbiz.de/10013316243

The Political Economy of Sin Taxes

Haavio, Markus - 2009

We analyse the determination of taxes on harmful goods when consumers have self-control problems. We show that under reasonable assumptions, the socially optimal corrective tax exceeds the average distortion caused by self-control problems. Further, we analyse how individuals with self-control...

Persistent link: https://www.econbiz.de/10013159702

Food Prices and the Multiplier Effect of Export Policy

Giordani, Paolo; Rocha, Nadia; Ruta, Michele - 2021

This paper studies the relationship between export policy and food prices. We show that, when individuals are loss … averse, food exporters may use trade policy to shield the domestic economy from large price shocks. This creates a … complementarity between the price of food in international markets and export policy. Specifically, unilateral actions by exporting …

Persistent link: https://www.econbiz.de/10013315923

Forecasting the Brent Oil Price : Addressing Time-Variation in Forecast Performance

Manescu, Cristiana - 2017

This paper explores a range of different forecast methods for Brent oil prices and analyses their performance relative to oil futures and the random walk over the period 1995Q1-2015Q2, including periods of stable, upwardly trending and rapidly dropping oil prices. None of the individual methods...

Persistent link: https://www.econbiz.de/10012964616