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Some Inconvenient Truths About Climate Change Policy : The Distributional Impacts of Transportation Policies

Holland, Stephen P. - 2011

Instead of efficiently pricing greenhouse gases, policy makers have favored measures that implicitly or explicitly subsidize low carbon fuels. We simulate a transportation-sector cap & trade program (CAT) and three policies currently in use: ethanol subsidies, a renewable fuel standard (RFS),...

Persistent link: https://www.econbiz.de/10012461272

Collusive Investments in Technological Compatibility : Lessons from U.S. Railroads in the Late 19th Century

Gross, Daniel P. - 2019

Collusion is widely condemned for its negative effects on consumer welfare and market efficiency. In this paper, I show that collusion may also in some cases facilitate the creation of unexpected new sources of value. I bring this possibility into focus through the lens of a historical episode...

Persistent link: https://www.econbiz.de/10012480205

The External Costs of Transporting Petroleum Products by Pipelines and Rail : Evidence From Shipments of Crude Oil from North Dakota

Clay, Karen - 2017

This paper constructs new estimates of the air pollution and greenhouse gas costs from long-distance movement of petroleum products by rail and pipelines. While crude oil transportation has generated intense policy debate about rail and pipeline spills and accidents, important externalities -...

Persistent link: https://www.econbiz.de/10012453859

Fiscal Stimulus and Commercial Bank Lending Under COVID-19

Aizenman, Joshua; Jinjarak, Yothin; Spiegel, Mark - National Bureau of Economic Research - 2022

We investigate the implications of extra-normal government spending under the COVID-19 pandemic for commercial bank lending growth between 2019Q4 and 2020Q4 in a large sample of over 3000 banks from 71 countries. We control for pre-pandemic structural factors, bank characteristics and government...

Persistent link: https://www.econbiz.de/10013172181

Subsidy Agreements

Bagwell, Kyle - 2004

rules with the creation of the WTO. Our results suggest that, although GATT subsidy rules were typically viewed as weak and … inadequate while the WTO subsidy rules are seen as representing a significant strengthening of multilateral disciplines on … subsidies, the key changes introduced by the WTO subsidy rules may ultimately do more harm than good to the multilateral trading …

Persistent link: https://www.econbiz.de/10012468402

The Environmental Cost of Global Fuel Subsidies

Davis, Lucas W. - 2016

Despite increasing calls for reform many countries continue to provide subsidies for gasoline and diesel. This paper quantifies the external costs of global fuel subsidies using the latest available data and estimates from the World Bank and International Monetary Fund. Under preferred...

Persistent link: https://www.econbiz.de/10012456569

Detection and Impact of Industrial Subsidies : The Case of World Shipbuilding

Kalouptsidi, Myrto - 2014

This paper provides a model-based empirical strategy to, (i) detect the presence and gauge the magnitude of government subsidies and (ii) quantify their impact on production reallocation across countries, industry prices, costs and consumer surplus. I construct and estimate an industry model...

Persistent link: https://www.econbiz.de/10012458547

The Economic Cost of Global Fuel Subsidies

Davis, Lucas W. - 2013

By 2015, global oil consumption will reach 90 million barrels per day. In part, this high level of consumption reflects the fact that many countries provide subsidies for gasoline and diesel. This paper examines global fuel subsidies using the latest available data from the World Bank, finding...

Persistent link: https://www.econbiz.de/10012458927

Payment for Environmental Services : Hypotheses and Evidence

Alston, Lee J. - 2013

The use of Payment for Environmental Services (PES) is not a new type of contract but they have become more in vogue because of the potential for sequestering carbon by paying to prevent deforestation and degradation of forest lands. We provide a framework utilizing transaction costs to...

Persistent link: https://www.econbiz.de/10012459922

Industrial Policy in the Global Semiconductor Sector

Goldberg, Pinelopi K.; Juhász, Réka; Lane, Nathan J.; … - National Bureau of Economic Research - 2024

retaliatory measures from other countries, leading to a wasteful "subsidy race." However, subsidies for sectors with inherent … of a ``subsidy race'' in the semiconductor industry …

Persistent link: https://www.econbiz.de/10014635614