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This paper examines the link between pollution and income. It shows how income inequality affects environmental … policies and therefore pollution. The Environmental Kuznets Curve (EKC) hypothesis proposes that there is an inverted U …
Persistent link: https://www.econbiz.de/10011608669
This paper concerns optimal emissions of greenhouse gases when catastrophic consequences are possible. A numerical model is presented which takes into account both continuous climate-feedback damages as well as the possibility of a catastrophic outcome. The uncertainty in the model concerns...
Persistent link: https://www.econbiz.de/10011608379
work when they are young and own capital when they are old. Pollution externalities are present due to the use of a … polluting factor. The government uses the revenue from a capital-income tax and a pollution tax for a lump-sum transfer to the …-economic equilibrium, the lower the skill of the median individual is relative to the average, the smaller the pollution tax and the …
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This paper explores the relationship between environmental protection and international capital movements, when tax policy is endogenous (through voting). A two-period general equilibrium model of a small open economy is specified to compare the effects of two different constitutions (commitment...
Persistent link: https://www.econbiz.de/10011325033
Model uncertainty is inherent in the design of optimal environmental policy. We investigate the consequences in a simple linear model, where the aim of the policymaker is to stabilize the carbon content of the atmosphere. We study how decision-makers' concerns about robustness alter policy using...
Persistent link: https://www.econbiz.de/10010264084
This study explores the link between environmental degradation, economic growth and income inequality within the framework of the environmental Kuznets curve (EKC) literature. To investigate this issue, we examine how inequality affects carbon dioxide (CO2) emissions and their relationship with...
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