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drastic switches at tipping points, in response to changes in rainfall patterns and other drivers. Deforestation cost studies … the true social cost of deforestation. We explore the implications of a forest-savanna critical transition and propose an … for ecosystem services. We apply this framework to the calculation of the social cost of deforestation of the Amazon …
Persistent link: https://www.econbiz.de/10012960167
There has been keen interest in recent years in environmentally motivated or 'green' tax reforms. This paper employs analytical and numerical general equilibrium models to investigate the costs of such reforms, concentrating on the question of whether these costs can be eliminated when revenues...
Persistent link: https://www.econbiz.de/10013221922
This paper assembles elements that are essential in forming an integral picture of the way a churning' economy functions and of the disruptions caused by transactional difficulties in labor and financial markets. We couch our analysis in a stochastic equilibrium model anchored with US evidence...
Persistent link: https://www.econbiz.de/10013228977
Using a general equilibrium model of the United States economy,we examine the combined welfare cost of all taxes in the U.S. revenue system.We find that the welfare losses caused by distortionary taxation can be very large, both on average and at the margin.The marginal welfare loss to consumers...
Persistent link: https://www.econbiz.de/10013322140
A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium. We highlight, distinguish, and evaluate their differential impacts and rich interactions. The economic impact of financial inclusion...
Persistent link: https://www.econbiz.de/10013030631
empirical investigations. We apply our framework to findings related to the economic impact of air pollution, deforestation, and …
Persistent link: https://www.econbiz.de/10012946487
deforestation. We focus on the Amazon, the world's most extensive rainforest, where Brazil's federal government issued a ‘Priority …, we first estimate the causal impact of the Priority List on deforestation using ‘changes-in-changes' (Athey and Imbens …, 2006), a flexible treatment effects estimation method, finding that it reduced deforestation by 40 percent and cut …
Persistent link: https://www.econbiz.de/10012890771
Tropical deforestation accounts for almost one-fifth of greenhouse gas emissions worldwide and threatens the world … incentives of local bureaucrats and politicians who enforce forest policy may be critical to understanding tropical deforestation … associated with increased deforestation and with lower prices in local wood markets, consistent with a model of Cournot …
Persistent link: https://www.econbiz.de/10013114012
Because of difficulties measuring pollution, many prior papers suggest a subsidy to some observable method of reducing pollution. We take three papers from the Journal of Environmental Economics and Management as examples, and we extend them to make an additional important point. In each case,...
Persistent link: https://www.econbiz.de/10013230174
which received the program for two years. The PES program reduced deforestation and forest degradation: Tree cover, measured …
Persistent link: https://www.econbiz.de/10012987605