and social welfare. We use an analytical model to assess the conditions under which such subsidies increase efficiency of … wholesale energy and capacity markets. While the subsidies, even when combined with energy consumption taxes, cannot achieve …We evaluate the effects of homogeneous subsidies granted for emission-free electricity generation on market outcomes …

We analyze welfare implications of policies promoting environmentally friendly vehicles employing rich Swiss micro … only slightly decrease. In contrast, subsidies support EV uptake, and lead to a more pronounced emission reduction. Both …

find that, when choosing optimal tax policy, the failure to account for the market structure results in a welfare loss of 1 … regime, departures from the social optimum can be compensated by lower and less regressive income taxes than those obtained …

environmental taxes. We solve for the market equilibrium abstracting from public abatement and taxes and show that the ecological … compares the stationary distributions for environmental quality and individuals’ welfare arising under the unmanaged economy …

-congruence of objectives between firms and financiers on the one hand and social welfare maximization on the other. Our results … the probability of accident, and allowing the social welfare maximizing government to impose a lower liability [higher …