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Adverse Selection as a Policy Instrument : Unraveling Climate Change
Cicala, Steve; Hémous, David; Olsen, Morten - National Bureau of Economic Research - 2022
This paper applies principles of adverse selection to overcome obstacles that prevent the implementation of Pigouvian policies to internalize externalities. Focusing on negative externalities from production (such as pollution), we consider settings in which aggregate emissions are known, but...
Persistent link: https://www.econbiz.de/10013334500
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Taxes and Trading versus Intensity Standards : Second-Best Environmental Policies with Incomplete Regulation (Leakage) or Market Power
Holland, Stephen P. - 2009
This paper investigates whether an emissions tax (equivalent to an emissions cap) maximizes social welfare (defined as the sum of consumer and producer surplus) in the presence of incomplete regulation (leakage) or market power by analyzing an intensity standard regulating emissions per unit of...
Persistent link: https://www.econbiz.de/10012463388
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Industry Compensation and the Costs of Alternative Environmental Policy Instruments
Bovenberg, A. Lans - 2007
This paper explores how the costs of meeting given aggregate targets for pollution emissions change with the imposition of the requirement that key pollution-related industries be compensated for potential losses of profit from the pollution regulation. Using analytically and numerically solved...
Persistent link: https://www.econbiz.de/10012465293
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Multiple Pollutants, Uncovered Sectors, and Suboptimal Environmental Policies
Fullerton, Don - 2014
In our analytical general equilibrium model where two polluting inputs can be substitutes or complements in production, we study the effects of a tax on one pollutant in two cases: one where both pollutants face taxes and the second where the other pollutant is subject to a permit policy. In...
Persistent link: https://www.econbiz.de/10012458333
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Expansion of Trade at the Extensive Margin : A General Gains-from-Trade Result and Illustrative Examples
Markusen, James R. - 2010
paper is motivated by recent evidence that trade has greatly expanded on the extensive margin (aka fragmentation, offshoring … understood, a sufficient condition for all countries to gain from fragmentation is that the relative world prices of initially … results in interesting subtleties as initially-traded goods change their trade status following fragmentation. I illustrate …
Persistent link: https://www.econbiz.de/10012462725
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Trade-in-goods and trade-in-tasks : An Integrating Framework
Baldwin, Richard - 2010
Our paper integrates results from trade-in-task theory into mainstream trade theory by developing trade …
Persistent link: https://www.econbiz.de/10012462768
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Tax Competition and Migration : The Race-to-the-Bottom Hypothesis Revisited
Razin, Assaf - 2011
Oates reminds us that tax competition among localities in the presence of capital mobility, may lead to inefficiently low tax rates (and benefits). In contrast, the Tiebout paradigm suggests that tax competition yields an efficient outcome, so that there are no gains from tax coordination. This...
Persistent link: https://www.econbiz.de/10012461987
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Tax Competition With Parasitic Tax Havens
Slemrod, Joel - 2006
We develop a tax competition framework in which some jurisdictions, called tax havens, are parasitic on the revenues of other countries. The havens use real resources to help companies camouflage their home-country tax avoidance, and countries use resources in an attempt to limit the transfer of...
Persistent link: https://www.econbiz.de/10012466443
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Bidding for Industrial Plants : Does Winning a 'Million Dollar Plant' Increase Welfare?
Greenstone, Michael - 2003
Increasingly, local governments compete by offering substantial subsidies to industrial plants to locate within their jurisdictions. This paper uses a novel research design to examine the consequences of successfully bidding for a plant on county-level labor earnings, property values, and public...
Persistent link: https://www.econbiz.de/10012468854
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Tax Distortions and Global Climate Policy
Babiker, Mustafa H. - 2002
We consider the efficiency implications of policies to reduce global carbon emissions in a world with pre-existing tax distortions. We first note that the weak double-dividend, the proposition that the welfare improvement from a tax reform where environmental taxes are used to lower distorting...
Persistent link: https://www.econbiz.de/10012469575