Showing 1 - 10 of 170
Persistent link: https://www.econbiz.de/10003496832
We develop a simple model of managing a system subject to pollution damage under risk of an abrupt and random jump in …. -- environmental pollution ; optimal management ; catastrophic transitions ; uncertainty ; adaptation ; mitigation …
Persistent link: https://www.econbiz.de/10009489041
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 … emission permits and we examine when and how cross-border pollution and the type of capital mobility affect these equilibrium …
Persistent link: https://www.econbiz.de/10010498623
We construct a two-country model where pollution from production is transmitted across borders. Pollution abatement is …
Persistent link: https://www.econbiz.de/10011408787
Preserving environmental quality and addressing economic inequality both feature prominently in public discourse. Neither of these two issues can be fully understood in isolation, and policies aiming at one issue will increasingly have to consider interactions with the other. We synthesize...
Persistent link: https://www.econbiz.de/10012694139
We introduce a "smart" cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty”). This cap responds endogenously to technology or macroeconomic shocks, relying on the market price of certificates to aggregate information. It allows policy makers to...
Persistent link: https://www.econbiz.de/10012438358
We examine an open economy's strategy to reduce its carbon emissions by replacing its consumption of coal - very carbon intensive - with gas - less so. Unlike the standard theoretical approach to carbon leakage, we show that unilateral CO2 reduction policies generate a higher leakage rate in the...
Persistent link: https://www.econbiz.de/10012294568
The paper studies the effect of public transport policies on urban pollution. It uses a quantitative equilibrium model … with residential choice and mode choice. Pollution comes from commuting and residential energy use. The model parameters … transport coupled with increasing transit speed affects the equilibrium. In the baseline simulation, total pollution falls by 0 …
Persistent link: https://www.econbiz.de/10011717025
We develop a 2-period emission trading model for a stock pollutant with demand shocks resolving over time. We find precise conditions for efficiency of a stabilization mechanism where cumulative available permits decrease with excess supply in early periods. Our model describes the stabilization...
Persistent link: https://www.econbiz.de/10011810102
regulated due to its historically large contribution to air and water pollution. Our paper contributes to the broader empirical … and enforcement. Our key findings are: (1) prudential regulation limits expansion of plants with high initial pollution …
Persistent link: https://www.econbiz.de/10011906240