Showing 1 - 10 of 1,671
We build a two regions general equilibrium model with cross-border pollution and either international or only inter-regional capital mobility. To control pollution each region uses public pollution abatement and issues either intra-regionally or inter-regionally tradable emission permits. We...
Persistent link: https://www.econbiz.de/10013024370
One country that tries to reduce greenhouse gas emissions may fear that other countries get a competitive advantage and increase emissions (“leakage”). Estimates from computable general equilibrium (CGE) models such as Elliott et al (2010a,b) indicate that 15% to 25% of abatement might be...
Persistent link: https://www.econbiz.de/10013086412
instruments: pollution taxes, pollution permits and Kyoto-like numerical rules for emissions. The setup is the basic stochastic … pollution taxes and use the collected tax revenues to finance public abatement. However, when environmental uncertainty is the … pollution taxes …
Persistent link: https://www.econbiz.de/10013316232
goals and highlights in which cases taxes and other types of fiscal instruments can usefully complement each other to …
Persistent link: https://www.econbiz.de/10013157842
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/10013072084
We consider environmental regulation in a context where firms invest in abatement technology under conditions of uncertainty about subsequent abatement cost, but can subsequently adjust output in the light of true marginal abatement cost. Where an emission tax is the only available instrument,...
Persistent link: https://www.econbiz.de/10013086398
This study compares energy and emission taxes used to control pollution and provide incentives for the adoption of an … efficient technology even in the absence of taxation. When taxation is necessary for innovation, both types of taxes are …
Persistent link: https://www.econbiz.de/10012979600
leads to a decline in pollution taxes regardless of whether pollution taxes are set at the federal (centralized) or local … (decentralized) level, and it increases social welfare. The effect under a decentralized system is smaller than if these taxes are … with trade liberalization if federal taxes are used …
Persistent link: https://www.econbiz.de/10013055375
Hotelling outcomes. Resource taxes have no effect on current extraction; extraction may only be reduced by supporting its …
Persistent link: https://www.econbiz.de/10013043618
Asymmetric climate policies are expected to distort the level-playing field regarding international trade, singularly to the detriment of small open economies. The paper develops a flexible method that provides essential input regarding the design of offsetting measures. It builds on...
Persistent link: https://www.econbiz.de/10013316128