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We study the welfare effects of a revenue-neutral green tax reform in a federation. The reform consists of increasing a tax on a polluting input and reducing that on labor income. Households are fully mobile within the federation. Regions are unequally endowed with a nonrenewable natural...
Persistent link: https://www.econbiz.de/10010496890
We study (energy) markets with dirty incumbents and costly entry by clean producers. For intermediate entry costs, the market outcome exhibits inefficient production and inefficient entry. A policy mix of three popular regulatory instruments-taxation on polluters, feed-in tariffs for clean...
Persistent link: https://www.econbiz.de/10010350472
demand by reducing negative externalities. We apply the framework to the database of Kee et al. (2009) and derive ad valorem …
Persistent link: https://www.econbiz.de/10010412410
externalities associated with energy use-global warming, local air pollution, and various side effects (e.g., congestion) from motor … vehicles. Techniques for (roughly) estimating the magnitude of these externalities, and corrective energy taxes, on a country …
Persistent link: https://www.econbiz.de/10010465151
Motivated by tropical deforestation, we analyze (i) a novel theory of resource extraction, (ii) the optimal conservation contract, (iii) when the donor prefers contracting with central rather than local governments, and (iv) how the donor's presence may induce institutional change. Deforestation...
Persistent link: https://www.econbiz.de/10010515399
-term externalities of binge drinking. We find that these externalities are on average $4.9 billion per year ($7 billion), about $80 for …
Persistent link: https://www.econbiz.de/10010479918
We propose the "average approach," where the worth of a coalition is a weighted average of its worth for different partitions of the players' set, as a unifying method to extend values for characteristic function form games. Our method allows us to extend the equal division value, the equal...
Persistent link: https://www.econbiz.de/10011509414
It is tricky to design local regulations on global externalities, especially so if firms are mobile. We show that when … a looser opt-in scheme, creating a global cap for externalities for a subset of firms. We illustrate the magnitude of …
Persistent link: https://www.econbiz.de/10011996399
We study how the opportunity to trade in trash might influence the equilibrium outcome when the tax on the externality is determined by a political economy process. In our model, individuals have heterogeneous preferences for environmental quality, and there is a leakage when funds are...
Persistent link: https://www.econbiz.de/10012263837
Following the Brent Spar controversy, the OSPAR countries reached a unanimous agreement in 1998 for the future rules for disposal of petroleum installations. The vast majority of existing offshore installations will be re-used or returned to shore for recycling or disposal. For installations...
Persistent link: https://www.econbiz.de/10009781556