In an integrated dynamic general equilibrium model of the economy and the ecosystem humans and wildlife species compete for land and prey biomass. We introduce a competitive allocation mechanism in both submodels such that economic prices and ecosystem prices guide the allocation in the economy...

In the double dividend debate following Bovenberg and de Mooij (1994) the definition of tax efficiency dividend is implicitly based on the claim that by its very nature any corrective tax, and therefore any emission tax, imposes an excess burden, a claim that is also shared, e.g., by the...