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Impact of Carbon Price Policies on U.S. Industry

Ho, Mun S.; Morgenstern, Richard; Shih, Jhih-Shyang - 2008

This paper informs the discussion of carbon price policies by examining the potential for adverse impacts on domestic industries, with a focus on detailed sector-level analysis. The assumed policy scenario involves a unilateral economy-wide $10/ton CO2 charge without accompanying border tax...

Persistent link: https://www.econbiz.de/10005448649

The Impact on U.S. Industries of Carbon Prices with Output-Based Rebates over Multiple Time Frames

Adkins, Liwayway; Garbaccio, Richard; Ho, Mun; Moore, Eric - 2010

The effects of a carbon price on U.S. industries are likely to change over time as firms and customers gradually adjust to new prices. The effects will also depend on the number of countries implementing the policy as well as offsetting policies to compensate losers. We examine the effects of a...

Persistent link: https://www.econbiz.de/10008828420

California Industry Impacts of a Statewide Carbon Pricing Policy with Output-Based Rebates

Morgenstern, Richard; Moore, Eric - 2011

This study estimates the impacts on a disaggregated set of California industries of introducing a carbon pricing policy within the state.. Two time horizons are considered, the “very short run” and the “short run”. To limit adverse impacts on the state’s energy-intensive and...

Persistent link: https://www.econbiz.de/10008853104

The Impact on Japanese Industry of Alternative Carbon Mitigation Policies

Sugino, Makoto; Arimura, Toshi H.; Morgenstern, Richard - 2012

To address the climate change issue, developed nations have considered introducing carbon pricing mechanisms in the form of a carbon tax or an emissions trading scheme (ETS). Despite the small number of programs actually in operation, these mechanisms remain under active discussion in a number...

Persistent link: https://www.econbiz.de/10010558920

Carbon Pricing with Output-Based Subsidies: Impacts on U.S. Industries over Multiple Time Frames

Adkins, Liwayway; Garbaccio, Richard; Ho, Mun; Moore, Eric - 2012

The effects of a carbon price on U.S. industries are likely to change over time as firms and customers gradually adjust to new prices. The effects will also depend on offsetting policies to compensate losers and the number of countries implementing comparable policies. We examine the effects of...

Persistent link: https://www.econbiz.de/10010567071

Fiscal sustainability: Must the problem be diminished before we can see it?

Holmøy, Erling - 2007

state growth path after some distant year may significantly diminish the FS problem, since the effective discounting is … likely to remain low. Low effective discounting also makes the FS assessment highly non-robust, reducing its political …

Persistent link: https://www.econbiz.de/10011968269

Trading off generations: Infinitely-lived agent versus OLG

Schneider, Maik T.; Traeger, Christian; Winkler, Ralph - 2010

The prevailing literature discusses intergenerational trade-offs predominantly in infinitely-lived agent models despite the finite lifetime of individuals. We discuss these trade-offs in a continuous time OLG framework and relate the results to the infinitely-lived agent setting. We identify...

Persistent link: https://www.econbiz.de/10010316064

Wealth and Time Preference in Rural Ethiopia

Yesuf, Mahmud; Bluffstone, Randall - 2008

This study measured the discount rates of a sample of 262 farm households in the Ethiopian highlands, using a time preference experiment with real payoffs. In general, the median discount rate was very high—more than double the interest rate on the outstanding debt—and varied systematically...

Persistent link: https://www.econbiz.de/10010541882

Discounting and Relative Consumption

Johansson-Stenman, Olof; Sterner, Thomas - 2011

This paper analyzes optimal social discount rates where people derive utility from relative consumption. We identify and compare three separate discount rates -- the social rate (taking positional externalities into account), the private rate, and the conventional Ramsey rate. Two main findings...

Persistent link: https://www.econbiz.de/10009393303

An Even Sterner Review: Introducing Relative Prices into the Discounting Debate

Sterner, Thomas; Persson, U. Martin - 2007

strong objections to the discounting assumptions adopted in the Stern Review, our main point is that the conclusions reached … of climate change and counteracting the effect of discounting. We build our analysis on earlier research (Hoel and … Sterner 2007) that has shown that the Ramsey discounting formula is somewhat modified in a two-sector economy with …

Persistent link: https://www.econbiz.de/10005442569