Adkins, Liwayway; Garbaccio, Richard; Ho, Mun; Moore, Eric - National Center for Environmental Economics (NCEE), … - 2012
to new prices. The effects will also depend on offsetting policies to compensate losers and the number of countries … ability of firms to raise output prices, change their input mix, and reallocate capital. We find that if firms cannot pass on … output prices can rise to reflect higher energy costs, the reduction in profits is substantially smaller, and the offsetting …