The present paper argues that in the retail gasoline industry, excise taxes, by amounting to a substantial part of prices, increase the firms’ degree of market power as demand elasticity is decreased. To avoid this market power effect, a ‘flexible value tax’ on gasoline is proposed. It...

Questioning GDP as dominant indicator for economic performance has become commonplace. For economists economic policy always aims for a broader array of goals (like income, employment, price stability, trade balance) alongside income, with income being the priority objective. The Stiglitz-Sen-...

This milestone presents a pool of available indicators and indicator systems which go beyond the narrow concepts of national economic accounts as well as a structuring of the indicators and indices according to central areas of well-being. The milestone builds the basis for Task 202.2, where a...

The mitigation of (anthropogenic) climate change requires an extensive decarbonisation of production and consumption activities and thus a major transformation of societal processes and energy systems. In order to monitor and evaluate the transformation path en route to the long-term climate and...

WIFO continues, in the present paper, its report on key indicators of climate change and energy use in Austria with data for the year 2009. The indicators thus mirror the impact of the economic crisis 2008-09 on greenhouse gas emissions, and the use and consumption of energy. The...

The EU Emission Trading Scheme (EU ETS) that covers emitters from industry and the energy sector representing 40 percent of the EU's total greenhouse gas emissions is the biggest implementation worldwide of a cap-and-trade scheme. The EU ETS has been the core instrument of European climate...