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Incidence and Environmental Effects of Distortionary Subsidies
Heutel, Garth - 2013
Government policies that are not intended to address environmental concerns can nonetheless distort prices and affect firms' emissions. We present an analytical general equilibrium model to study the effect of distortionary subsidies on factor prices and on environmental outcomes. We model an...
Persistent link: https://www.econbiz.de/10012459737
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Evolution of Assessments of the Economics of Global Warming : Changes in the DICE model, 1992 – 2017
Nordhaus, William D. - 2017
Many areas of the natural and social sciences involve complex systems that link together multiple sectors. Integrated assessment models (IAMs) are approaches that integrate knowledge from two or more domains into a single framework, and these are particularly important for climate change. One of...
Persistent link: https://www.econbiz.de/10012455362
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International Trade and the Environment : A Framework for Analysis
Copeland, Brian R. - 2001
Heckscher-Ohlin-Samuelson factor endowments model. We draw quite heavily from trade theory, but develop a simple pollution …This paper sets out a general equilibrium pollution and trade model to provide a framework for examination of the trade … and environment debate. The model contains as special cases a canonical pollution haven model as well as the standard …
Persistent link: https://www.econbiz.de/10012470178
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Pollution and Labor Market Search Externalities Over the Business Cycle
Gibson, John - 2020
stochastic general equilibrium real business cycle model that includes both a pollution externality and congestion externalities …
Persistent link: https://www.econbiz.de/10012481640
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Efficiency Wages, Unemployment, and Environmental Policy
Heutel, Garth - 2020
We study the incidence of pollution taxes and their impact on unemployment in an analytical general equilibrium … efficiency wage model. We find closed-form solutions for the effect of a pollution tax on unemployment, factor prices, and output …
Persistent link: https://www.econbiz.de/10012482180
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Six Distributional Effects of Environmental Policy
Fullerton, Don - 2011
While prior literature has identified various effects of environmental policy, this note uses the example of a proposed carbon permit system to illustrate and discuss six different types of distributional effects: (1) higher prices of carbon-intensive products, (2) changes in relative returns to...
Persistent link: https://www.econbiz.de/10012461954
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Limiting Emissions and Trade : Some Basic Ideas
Krishna, Kala - 2010
The computable general equilibrium models used in the literature tend to be a bit of a black box. This paper provides some intuition behind what goes on in these black boxes by laying out a simple general equilibrium model and intuitively explaining what lies behind the demand for emissions. It...
Persistent link: https://www.econbiz.de/10012462509
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Cap and Trade Policies in the Presence of Monopoly and Distortionary Taxation
Fullerton, Don - 2002
We extend an analytical general equilibrium model of environmental policy with pre-existing labor tax distortions to include pre-existing monopoly power as well. We show that the existence of monopoly power has two offsetting effects on welfare. First, the environmental policy reduces monopoly...
Persistent link: https://www.econbiz.de/10012469813
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The Cost-Effectiveness of Alternative Instruments for Environmental Protection in a Second-Best Setting
Goulder, Lawrence H. - 1998
This paper uses analytical and numerical general equilibrium models to study the costs of achieving pollution … technologies, and explore how costs change with the magnitude of pre-existing taxes and the extent of pollution abatement. We find … that the presence of distortionary taxes raises the costs of pollution abatement under each instrument relative to its …
Persistent link: https://www.econbiz.de/10012472341
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Policies for Green Design
Fullerton, Don - 1996
We analyze alternative policies such as a disposal content fee, a subsidy for recyclable designs, unit pricing of household disposal, a deposit-refund system, and a manufacturer `take-back' requirement. In order to identify the problem being addressed, we build a simple general equilibrium model...
Persistent link: https://www.econbiz.de/10012473254