Whether or not the federal government should price carbon continues to be debated. There were several scholarly pieces examining the relative advantages and disadvantages of cap and trade v. a carbon tax at the time of Congressional Debate on the American Clean Energy and Security Act in 2010....

Part I. Introduction and Overview -- 1. Overview -- Part II. The Taxation of Natural Resources and the Environment, Revenue Sharing and Revenue Fund Management -- 2. The Taxation of Natural Resources: Principles and Policy Issues -- 3. Green Taxes and Policies for Environmental Protection -- 4....

Environmental policy affects the distribution of market shares if intermediate goods are differentiated in pollution intensity. When innovations are environmental friendly, a tax on emissions skews demand towards new goods, which are the most productive. In this case along a balanced growth path...

We study environmental policy in an economy-ecology model featuring multiple deterministic stable steady-state ecological equilibria. The economy-ecology does not settle in either of the deterministic steady states as the environmental system is hit by random shocks. Individual live for two...

This chapter seeks to understand the linkages between non-environmental polices and the environment, with a particular focus on taxation and subsidies. In order to understand the quite complex literature on this subject, we draw on the theory of the second best and the theory of optimal...