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To clarify and interpret the workings of a large computable general equilibrium (CGE) model of environmental policy in the U.S., we build an aggregated Cobb-Douglas (CD) model that can be solved easily and analytically. Its closed-form expressions show exactly how key parameters determine the...
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Because electricity is a higher fraction of spending for those with low income, carbon taxes are believed to be regressive. Many argue, however, that their revenues can be used to offset the regressivity. We assess these claims by employing data on 322,000 families in the U.S. Treasury's...
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We build a simple analytical general equilibrium model and linearize it, to find a closed-from expression for the effect of a small change in carbon tax on leakage - the increase in emissions elsewhere. The model has two goods produced in two sectors or regions. Many identical consumers buy both...
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"While economic models have already proven useful to analyze big picture questions about climate policy such as the … on energy users; how to monitor and enforce climate policy; how Federal actions might interact with climate policies at … other levels of government or with other non-climate policies; the distributional effects of different policy variations …
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Economic research on climate change has been crucial in advancing our understanding of the consequences associated with … nations work to develop climate policies, economic insights into their design and implementation are ever more important. With … a balance between theoretical and empirical approaches, The Design and Implementation of US Climate Policy looks at the …
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