Showing 1 - 7 of 7
This paper uses a micro-founded DSGE model to compare second-best optimal environmental policy, and the resulting Ramsey allocation, to first-best allocation. The focus is on the source and size of uncertainty, and how this affects optimal choices and the comparison between second- and...
Persistent link: https://www.econbiz.de/10010865728
We study tax competition when pollution matters. Most notably, we present a dynamic setting, where the supply of capital is endogenous. It is shown that tax competition may involve stricter environmental policy than the cooperative outcome. Copyright The Author(s) 2013
Persistent link: https://www.econbiz.de/10010865729
This paper examines the welfare implications of trade liberalization when governments behave strategically using pollution taxes and tariffs on imports. This competition leads to inefficiencies as each government seeks foreign rent and tries to transfer pollution to the other country. It is...
Persistent link: https://www.econbiz.de/10005711344
Persistent link: https://www.econbiz.de/10005711430
In the presence of preexisting distortionary taxes, it is often argued that auctioned emission permits are preferable … that when capital is internationally mobile, it may be optimal to use a combination of non-auctioned and auctioned emission … benefits in terms of reduced transboundary pollution and may lead to increased public revenue because the price of emission …
Persistent link: https://www.econbiz.de/10005711456
Thispaper examines the performance of non-cooperative environmentalpolicy in the case of local consumption externalities. In a two-countrymodel with monopolistic competiton, governments simultaneouslyimpose environmental product standards. Stricter regulationsforce the industrial sector to shift...
Persistent link: https://www.econbiz.de/10005711479
Persistent link: https://www.econbiz.de/10005678592