Showing 1 - 10 of 29
climate policy takes the form of carbon emission taxation and fossil fuel and consumption goods are traded on world markets …
Persistent link: https://www.econbiz.de/10010428830
This paper studies the formation of self-enforcing global environmental agreements in a world economy with …
Persistent link: https://www.econbiz.de/10011281297
We analyze international environmental agreements in a two-stage game when governments have homo moralis preferences à la Alger and Weibull (2013, 2016). The countries base their decisions on the material payoff obtained on the hypothesis that all other countries act as they with predetermined...
Persistent link: https://www.econbiz.de/10014507803
Based on economic methodology we model an ecosystem with two species in predator-prey relationship: mice feed on grain and grain feeds on a resource. With optimizing behaviour of individual organisms a short-run ecosystem equilibrium is defined and characterized that depends on the farmer’s...
Persistent link: https://www.econbiz.de/10003113272
In the present paper we extend the classical tax-competition framework of Zodrow and Mieszkowski (1986) by modelling involuntary unemployment and by allowing for labour taxation as a second source of public funds. For a large class of production functions (including CES), it turns out that tax...
Persistent link: https://www.econbiz.de/10003967767
A small open economy produces a consumer good, green and black energy, and imports fossil fuel at an uncertain price. Unregulated competitive markets are shown to be inefficient. The implied market failures are due to the agents' attitudes toward risk, to risk shifting and the uniform price for...
Persistent link: https://www.econbiz.de/10003969720
Ogawa et al. (2006) analyze capital tax competition in a fixed-wage approach and show that the original results of Zodrow and Mieszkowski (1986) are not preserved in the presence of unemployment. In the present paper we challenge this view and investigate capital tax competition for some...
Persistent link: https://www.econbiz.de/10003979376
Internalizing the global negative externality of carbon emissions requires flattening the extraction path of world … fossil energy resources (= world carbon emissions). We consider governments having sign-unconstrained emission taxes at their … disposal and seeking to prevent world emissions from exceeding some binding aggregate emission ceiling in the medium term. Such …
Persistent link: https://www.econbiz.de/10009261795
This paper provides a rationale for subsidizing green (renewable) energy production. Within a multi-country model where energy is produced with mobile capital in green and dirty production, we investigate the countries' decentralized choice of emissions taxes and green energy subsidies. Without...
Persistent link: https://www.econbiz.de/10008697056
This paper points to the important role which the elasticity of aggregate capital supply with respect to the net rate of return to capital plays for the efficiency of policymaking in a decentralized economy with mobile capital and spillovers among jurisdictions. In accordance with previous...
Persistent link: https://www.econbiz.de/10008697805