This study looks at the effects of the choice between taxes and permits on the pattern of adoption of a new (pollution …, the study shows that when the output demand is elastic, auctioned permits induce an earlier diffusion than taxes and thus … provide the largest benefit to social welfare. …

the market outcome in consumer food markets. Second, we evaluated the welfare effects of the policy measures. We found … that mandatory labeling often increases domestic welfare and, moreover, that in most cases it increases global welfare. On … the other hand, a trade ban is more likely to decrease global welfare. …

This paper examines whether the welfare gains from technological innovation that reduces future abatement costs are … larger or smaller than the “Pigouvian” welfare gains from optimal pollution control. The relative welfare gains from … abatement costs, and the discount rate. We calculate the welfare gains from innovation under a variety of different scenarios …

This paper examines whether the welfare gains from technological innovation that reduces future abatement costs are … larger or smaller than the “Pigouvian” welfare gains from optimal pollution control. The relative welfare gains from … abatement costs, and the discount rate. We calculate the welfare gains from innovation under a variety of different scenarios …

. While innovative, these work as simple combinations of taxes and subsidies. While the extant literature thoroughly analyzes … environmental externalities and subsidies to internalize positive externalities such as R&D. However, policy is not straightforward … industries, and any distributional effects. Tax discrimination, subsidies and regulations then undermine the efficiency of energy …

environmental taxes. Further, such agreements may differ from direct regulation in a non-trivial way. The first-best optimum may be …