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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
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
A strictly risk-averse individual with an exogenous gross income in period one can acquire human capital in the same period and evade taxes. Period-two income rises with educational investments in period one and can also be hidden from tax authorities. It is shown that a greater tax...
Persistent link: https://www.econbiz.de/10009488897
competitive world. This paper demonstrates that a substitution of this kind can also increase expected output and welfare in a …
Persistent link: https://www.econbiz.de/10009010185
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
A tax buyout is a contract between tax authorities and a tax payer which reduces the marginal income tax rate in exchange for a lump-sum payment. While previous contributions have focussed on labour supply, we consider the interaction with tax evasion and show that a buyout can increase expected...
Persistent link: https://www.econbiz.de/10010237195
establishes that trade unions can have a welfare-enhancing role in a world with relative consumption effects. …
Persistent link: https://www.econbiz.de/10009764940