factor prices and on environmental outcomes. We model an output subsidy, a capital subsidy, relief from environmental … regulation, and a direct cash subsidy. In exchange for receiving subsidies, firms must agree to a minimum level of labor … employment. Each type of subsidy and the employment constraint create both output effects and substitution effects on input …

's forthcoming TPS for achieving CO₂ emissions reductions from the power sector.We find that the TPS's implicit subsidy to … subsidy disadvantages the TPS relative to C&T by causing power plants to make less efficient use of output-reduction as a way …

We find that the TPS's implicit subsidy to electricity output has wide-ranging consequences for both cost …-effectiveness and distribution. In terms of cost-effectiveness, the subsidy disadvantages the TPS relative to C&T by causing power …

factor prices and on environmental outcomes. We model an output subsidy, a capital subsidy, relief from environmental … regulation, and a direct cash subsidy. In exchange for receiving subsidies, firms must agree to a minimum level of labor … employment. Each type of subsidy and the employment constraint create both output effects and substitution effects on input …

importers to exporters. Local governments' decisions on EV subsidies could be inefficient if the pollution exported to the other …