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Indirect taxation in Greece : evaluation and possible reform
Kaplanoglou, Georgia; Newbery, David M. G. - 2002
The paper assesses the distributional and efficiency/disincentive aspects of the Greek indirect tax system, which provides 60% of total tax revenue. The marginal welfare costs of broad commodity groups were computed to identify welfare-improving directions of reform. The disincentive effects...
Persistent link: https://www.econbiz.de/10011409014
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The social cost of carbon and inequality : when local redistribution shapes global carbon prices
Kornek, Ulrike; Klenert, David; Edenhofer, Ottmar; … - 2019
metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social … cost of carbon, but mostly neglects a major source of inequality - heterogeneity in income below the national level. We … inequality between and within countries. In particular, we demonstrate that climate and distributional policy cannot be separated …
Persistent link: https://www.econbiz.de/10012002880
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Optimal need-based financial aid
Colas, Mark; Findeisen, Sebastian; Sachs, Dominik - 2018
We study the optimal design of student financial aid as a function of parental income. We derive optimal financial aid formulas in a general model. For a simple model version, we derive mild conditions on primitives under which poorer students receive more aid even without distributional...
Persistent link: https://www.econbiz.de/10011921506
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Optimal taxation of robots
Thuemmel, Uwe - 2018
generates small welfare gains. As the price of robots falls, inequality rises but the robot tax and its welfare impact become …
Persistent link: https://www.econbiz.de/10011926330
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Pigouvian income taxation
Ahlvik, Lassi; Liski, Matti; Mäkimattila, Mikael - 2024
This paper develops a mechanism design approach to study externalities and re-distribution. The mechanism screens individuals’ social weights to strike a balance among broad distributional objectives, incentives to work, and incentives to reduce externalities. The welfare-optimal allocation...
Persistent link: https://www.econbiz.de/10014556752
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The political economy of mitigation and adaptation
Habla, Wolfgang; Roeder, Kerstin - 2016
In this paper, we acknowledge that the mitigation of and adaptation to climate change have differential fiscal impacts. Whereas mitigation typically raises fiscal revenues, adaptation is costly to the taxpayer and to a greater extent the more distortionary the tax system is. In an OLG model with...
Persistent link: https://www.econbiz.de/10011418012
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Do permit allocations matter?
Verbon, Harrie; Withagen, Cees - 2010
In the standard setting a system of tradable permits is effective and cost-efficient in attaining the policy objective of pollution reduction. This outcome is challenged in case of a tradable permit system in a federal system/constitution with individual states having discretionary power...
Persistent link: https://www.econbiz.de/10008732350
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Optimal unilateral climate policy with carbon leakage at the extensive and the intensive margin
Kruse-Andersen, Peter Kjær; Sørensen, Peter Birch - 2021
We analyse the optimal design of unilateral climate policy in an open economy where the government is committed to a target for reduction of domestic CO2 emissions but where it is also concerned about carbon leakage. We highlight the importance of distinguishing between leakage at the extensive...
Persistent link: https://www.econbiz.de/10012597667
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Optimal energy taxes and subsidies under a cost-effective unilateral climate policy : addressing carbon leakage
Kruse-Andersen, Peter Kjær; Sørensen, Peter Birch - 2019
We analyze how a country pursuing a unilateral climate policy may contribute to a reduction in global CO2 emissions in a cost-effective way. To do so its system of energy taxes and subsidies must account for leakage of emissions from the domestic to the foreign economy. We focus on leakage...
Persistent link: https://www.econbiz.de/10012118585
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Investment policy for time-inconsistent discounters
Harstad, Bård - 2013
This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If the current principal prefers her future self to save more, she can increase current investments complementary to future savings and decrease investments in the strategic...
Persistent link: https://www.econbiz.de/10010223357