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Trade liberalization and environmental taxation in federal systems
Fredriksson, Per; Matschke, Xenia - 2014
The literature on trade liberalization and environment has not considered federal structures. This paper shows how the design of environmental policy in a federal system has implications for the effects of trade reform. Trade liberalization leads to a decline in pollution taxes regardless of...
Persistent link: https://www.econbiz.de/10010260010
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Prices versus quantities reassessed
Karp, Larry S.; Traeger, Christian - 2018
"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
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Ambiguous protection
Gruendler, Klaus; Hillman, Arye L. - 2021
Import regulations are globally the most prevalent form of intervention in international trade. The regulations should, under rules of the WTO, protect consumers and the environment but can be used to protect producers. We investigate the ambiguity of intent. We set out a model that when applied...
Persistent link: https://www.econbiz.de/10012432992
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Optimal stabilization in an emission permits market
Gerlagh, Reyer; Wan, Roweno J.R.K - 2018
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
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Decentralized environmental regulations and plant-level productivity
Ghosal, Vivek; Stephan, Andreas; Weiss, Jan F. - 2018
literature on the Porter Hypothesis, which posits a positive relationship between environmental regulation and "green" TFP growth … and enforcement. Our key findings are: (1) prudential regulation limits expansion of plants with high initial pollution …; (2) regulation, however, is not conducive to plants' "green" technical change, which provides evidence against the recast …
Persistent link: https://www.econbiz.de/10011906240
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Effects of stricter environmental regulations on resource development
Lange, Ian; Redlinger, Michael - 2018
This analysis seeks to understand whether changes in oil regulation brought about by the shale revolution have …
Persistent link: https://www.econbiz.de/10011853142
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Regulating stock externalities
Gerlagh, Reyer; Heijmans, Roweno - 2018
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 …
Persistent link: https://www.econbiz.de/10011939765
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Population mobility and transboundary environmental problems
Hoel, Michael; Shapiro, Perry - 2001
A standard result in the literature on environmental economics is that efficient environmental policies regulating transboundary pollution will be adopted only if there is interjurisdictional coordination. Efficient policies can be adopted as a result of interregional treaties or mandated by a...
Persistent link: https://www.econbiz.de/10011398882
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Vertical fiscal externalities and the environment
Böhringer, Christoph; Rivers, Nicholas; Yonezawa, Hidemichi - 2014
We show that imposition of a state-level environmental tax in a federation crowds out preexisting federal taxes. We explain how this vertical fiscal externality can lead unilateral state-level environmental policy to generate a welfare gain in the implementing state, at the expense of other...
Persistent link: https://www.econbiz.de/10010434060
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Smart cap
Karp, Larry S.; Traeger, Christian - 2021
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