This paper explores the relationship between environmental protection and international capital movements, when tax … the effects of two different constitutions (commitment or no commitment in tax policy), as well as income inequality …. Under the commitment regime, the equilibrium is characterised by a lower labour tax, higher environmental tax and less …

This paper explores the relationship between environmental protection and international capital movements, when tax … the effects of two different constitutions (commitment or no commitment in tax policy), as well as income inequality …. Under the commitment regime, the equilibrium is characterised by a lower labour tax, higher environmental tax and less …

This paper explores the relationship between environmental protection and international capital movements, when tax … the effects of two different constitutions (commitment or no commitment in tax policy), as well as income inequality …. Under the commitment regime, the equilibrium is characterised by a lower labour tax, higher environmental tax and less …

downstream firms. We consider four different timing and commitment regimes of environmental tax and permit policies: ex post … taxation (or issuing permits), interim commitment to a tax rate (a quota of permits) after observing R&D success but before … adoption, and finally two types of ex antecommitment before R&D activity, one with a unique tax rate (quota of permits), the …