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Socially responsible investment in general equilibrium
Beltratti, Andrea - 2003
Socially responsible investment in analyzed in a general equilibrium context. This is important in order to understand the ultimate consequences of SRI on the decisions of economic agents. Building on models by Brock (1982) and Merton (1987), SRI is modelled as the choice to voluntarily give up...
Persistent link: https://www.econbiz.de/10011592922
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Equity and justice in global warming policy
Kverndokk, Snorre; Rose, Adam - 2008
Many countries are implementing or at least considering policies to counter increasingly certain negative impacts from climate change. An increasing amount of research has been devoted to the analysis of the costs of climate change and its mitigation, as well as to the design of policies, such...
Persistent link: https://www.econbiz.de/10008798530
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Effects of the CDM on poverty eradication and global climate protection
Rübbelke, Dirk T. G.; Rive, Nathan - 2008
In an impure public good model we analyze the effects of CDM transfers on poverty as well as on the global climate protection level. We construct an analytical model of a developing and an industrialized region, both of which independently seek to maximize their utility - a function of private...
Persistent link: https://www.econbiz.de/10008799170
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How can we improve air pollution? : try increasing trust first
Cafferata, Fernando G.; Hoffmann, Bridget; Scartascini, … - 2021
Environmental policies are characterized by salient short-term costs and long-term benefits that are difficult to observe and to attribute to the government's efforts. These characteristics imply that citizens' support for environmental policies is highly dependent on their trust in the...
Persistent link: https://www.econbiz.de/10012601437
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Optimal sin taxation and market power
O'Connell, Martin; Smith, Kate - 2021
This paper studies the design of sin taxes when firms exercise market power. We outline an optimal tax framework that highlights how market power impacts the efficiency and redistributive properties of sin taxation, and quantify these effects in an application to sugar-sweetened beverage...
Persistent link: https://www.econbiz.de/10012623743
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Insurance, redistribution, and the inequality of lifetime income
Haan, Peter; Kemptner, Daniel; Prowse, Victoria; … - 2023
Individuals vary considerably in how much they earn during their lifetimes. This study examines the role of the tax-and-transfer system in mitigating such inequalities, which could otherwise lead to disparities in living standards. Utilizing a life-cycle model, we determine that taxes and...
Persistent link: https://www.econbiz.de/10014419242
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Inequality persistence and policymaking constraints : explaining regional data patterns
Vlaicu, Razvan - 2024
and political trust both lead to fiscal policy preferences that constrain effective redistribution. Electoral …
Persistent link: https://www.econbiz.de/10014529758
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Redistribution effects of energy and climate policy : the electricity market
Hirth, Lion; Ueckerdt, Falko - 2012
policies redistribute wealth between consumers and producers, and within these groups. While redistribution is seldom the focus … the redistribution effects of two major electricity policies: support schemes for renewable energy sources, and CO2 … pricing. We find that the redistribution effects of both policies are large, and they work in opposed directions: while …
Persistent link: https://www.econbiz.de/10009660458
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A public finance perspective on climate policy : six interactions that may enhance welfare
Siegmeier, Jan; Mattauch, Linus; Franks, Max; Klenert, David - 2015
Climate change economics mostly neglects sizeable interactions of carbon pricing with other fiscal policy instruments. Conversely, public finance typically overlooks the effects of future decarbonization efforts when devising instruments for the major goals of fiscal policy. We argue that such a...
Persistent link: https://www.econbiz.de/10010508515
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Should the rich be taxed more? : the fiscal inequality coefficient
Hatgioannides, John; Karanassou, Marika; Sala, Hector - 2017
This paper holistically addresses the effective (relative) income tax contribution of a given income (or, wealth) group. The widely acclaimed standard in public policy is the absolute benefaction of a given income group in filling up the fiscal coffers. Instead, we focus on the ratio of the...
Persistent link: https://www.econbiz.de/10011756097