Showing 1 - 10 of 105
We study the optimal and equilibrium size of cities in a city system model with environmental pollution. Pollution is …, if pollution is local or per capita pollution increases with population, we find that equilibrium cities are too large …. When pollution is global and per capita pollution declines with city size, however, equilibrium cities may be too small …
Persistent link: https://www.econbiz.de/10011554401
which exhibits distortions due to pollution, external landfilling costs and inefficient product design. The allocative …
Persistent link: https://www.econbiz.de/10009781631
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
robust to a host of sensitivity tests. These results suggest that air pollution plays an important role in mediating the …
Persistent link: https://www.econbiz.de/10012298669
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
Oates and Schwab (1988) consider an economy with mobil capital and jurisdictions that suffer from local pollution. They …
Persistent link: https://www.econbiz.de/10011597738
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
"Prices versus quantities" (Weitzman 1974), a hugely influential paper, is widely cited (and taught) in current debates about the best policy to reduce greenhouse gas emissions. The paper's criterion for ranking policies suggests that technological uncertainty favors taxes over cap and trade....
Persistent link: https://www.econbiz.de/10011927948
We develop a dynamic regulation game for a stock externality under asymmetric information and future market uncertainty. Within this framework, regulation is characterized as the implementation of a welfare-maximization program conditional on informational constraints. We identify the most...
Persistent link: https://www.econbiz.de/10011939765