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Tax policy and income inequality in the US, 1979-2007
Bargain, Olivier; Dolls, Mathias; Immervoll, Herwig; … - 2014
We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method allowing us to … inequality by increasing the income share of the top 20% in contrast to the middle class' share. The tax policy effect accounts … for up to 29% of the total change in inequality; its contribution increases up to 41% if we take into account behavioral …
Persistent link: https://www.econbiz.de/10010329226
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Tax policy and income inequality in the US, 1979-2007
Bargain, Olivier; Dolls, Mathias; Immervoll, Herwig; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method allowing us to … inequality by increasing the income share of the top 20% in contrast to the middle class' share. The tax policy effect accounts … for up to 29% of the total change in inequality; its contribution increases up to 41% if we take into account behavioral …
Persistent link: https://www.econbiz.de/10010957610
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Mechanism design for unequal societies
Groh, Carl-Christian; Reuter, Marco - 2023
We study optimal mechanisms for a utilitarian designer who seeks to assign a finite number of goods to a group of ex ante heterogeneous agents with unit demand. The agents have heterogeneous marginal utilities of money, which may naturally arise in environments where agents have different wealth...
Persistent link: https://www.econbiz.de/10014446290
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Strategic delegation and international permit markets: Why linking may fail
Habla, Wolfgang; Winkler, Ralph - 2017
We analyse a principal-agent relationship in the context of international climate policy. Principals in two countries first decide whether to merge domestic emission permit markets to an international market, then delegate the domestic permit supply to an agent. We find that principals select...
Persistent link: https://www.econbiz.de/10011685912
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The political economy of negotiating international carbon markets
Arvaniti, Maria; Habla, Wolfgang - 2020
International carbon markets are frequently propagated as an efficient instrument for reducing CO2 emissions. We argue that such markets, despite their desirable efficiency properties, might not be in the best interest of governments who are guided by strategic considerations in negotiations. We...
Persistent link: https://www.econbiz.de/10012216806
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Economic Implications of Alternative Allocation Schemes for Emission Allowances: A Theoretical and Applied Analysis
Böhringer, Christoph; Lange, Andreas - 2003
Political feasibility of emission trading systems may crucially depend on the free initial allocation of emission allowances to energy-intensive industries in order to ameliorate adverse production and employment effects. We investigate the potential trade-off between such compensation and...
Persistent link: https://www.econbiz.de/10010297282
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Efficiency, Compensation, and Discrimination: What is at Stake When Implementing the EU Emissions Trading Scheme?
Böhringer, Christoph; Lange, Andreas - 2003
In 2005, an EU-wide emissions trading scheme covering major CO2 producing sites shall come into power. The key objective of the trading scheme is to promote cost-efficiency of carbon reduction within the EU. We identify policy-relevant tradeoffs between overall efficiency, compensation and...
Persistent link: https://www.econbiz.de/10010297339
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Mission Impossible!? On the Harmonization of National Allocation Plans under the EU Emissions Trading Directive
Böhringer, Christoph; Lange, Andreas - 2004
Starting in 2005, the EU will implement a CO2 emissions trading scheme. In this paper we show that the outspoken goals of economic efficiency and free allocation of allowances are incompatible with harmonized allocation rules. In general, the assignment of allowances is endogenous and differs...
Persistent link: https://www.econbiz.de/10010297344
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Using emissions trading schemes to reduce heterogeneous distortionary taxes: The case of recycling carbon auction revenues to support renewable energy
Gavard, Claire; Voigt, Sebastian; Genty, Aurélien - 2018
While emissions trading schemes are developed by nations to mitigate their greenhouse gas emissions, behavioural studies have shown that the political and public acceptability of these market-based instruments depends on the way the associated revenues are used. One option the general public...
Persistent link: https://www.econbiz.de/10011947413
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The effect of electricity taxation on the German manufacturing sector: A regression discontinuity approach
Flues, Florens; Lutz, Benjamin Johannes - 2015
Germany taxes electricity use since 1999. The government granted reduced rates to energy intensive firms in the industrial sector for addressing potentially adverse effects on firms' competitiveness. Firms that use more electricity than certain thresholds established by legislation, pay reduced...
Persistent link: https://www.econbiz.de/10010481520