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emissions directly, policy makers may tax gasoline even though per-gallon emissions vary across vehicles. This paper estimates … increases the optimal second-best uniform gasoline tax. Second, and perhaps more importantly, we show that a uniform tax … percent of the deadweight loss remains under the optimal second-best gasoline tax. Substantial improvements to market …
Persistent link: https://www.econbiz.de/10010951204
Understanding the forces that lead to correlations between pollution exposure, poverty, and race is crucial to the formation of sound environmental justice (EJ) policy. In particular, what are the roles of disproportionate siting of pollution sources versus post-siting housing market dynamics...
Persistent link: https://www.econbiz.de/10011271365
hostility toward cap and trade in debates about U.S. climate legislation may reflect the broader political environment of the …
Persistent link: https://www.econbiz.de/10009652873
Ground-level ozone remains a serious problem in the United States. Because ozone non-attainment is a summer problem, episodic rather than continuous controls of ozone precursors are possible. We evaluate the costs and effectiveness of an episodic scheme that requires people to buy permits to...
Persistent link: https://www.econbiz.de/10008601708
Smoke from massive wildfires blanketed Indonesia in late 1997. This paper examines the impact this air pollution (particulate matter) had on fetal, infant, and child mortality. Exploiting the sharp timing and spatial patterns of the pollution and inferring deaths from "missing children" in the...
Persistent link: https://www.econbiz.de/10005774612
welfare. We simulate the outcomes of a national LCFS, focusing on gasoline and ethanol as the high- and low-carbon fuels. For …
Persistent link: https://www.econbiz.de/10005088801
We use the 2003 Consumer Expenditure Survey and emissions estimates from an input-output model to estimate the incidence of a price on carbon induced by a cap-and-trade program or carbon tax in the US context. We present results on how much difference income deciles pay for a carbon tax as well...
Persistent link: https://www.econbiz.de/10005037683
A perceived advantage of cap-and-trade programs over more prescriptive environmental regulation is that enhanced compliance flexibility and cost effectiveness can make more stringent emissions reductions politically feasible. However, increased compliance flexibility can also result in an...
Persistent link: https://www.econbiz.de/10005660152
This essay revisits the question of instrument choice for the regulation of externalities in the context of climate change. The central point is that the Pigouvian prescription to equate marginal control costs with the expected marginal benefits of damage reduction should guide the design of...
Persistent link: https://www.econbiz.de/10008532138
When regulated firms are offered compensation to prevent them from relocating, efficiency requires that payments be distributed across firms so as to equalize marginal relocation probabilities, weighted by the damage caused by relocation. We formalize this fundamental economic logic and apply it...
Persistent link: https://www.econbiz.de/10010890109