Showing 1 - 10 of 15,404
The method that Canada and other developed countries use to measure productivity growth generally ignores the … of production processes, are excluded from the productivity accounting framework. This study proposes an extended … productivity measure that takes pollutants into account. It illustrates how it can be applied using carbon dioxide emissions. The …
Persistent link: https://www.econbiz.de/10013095940
Hydro-meteorological disasters have caused increasing losses in recent years. Efficient risk reduction policies require accurate assessment approaches, with careful consideration of costs, beyond direct tangible costs, which are commonly used in practice. Faced with possible risk reduction...
Persistent link: https://www.econbiz.de/10013076999
We develop a stochastic model to rank different policies (tax, fixed cap and relative cap) according to their expected total social costs. Three types of uncertainties are taken into account: uncertainty about abatement costs, business-as-usual (BAU) emissions and future economic output (the two...
Persistent link: https://www.econbiz.de/10010419904
The paper addresses the problem of information asymmetry between a regulator and the polluting firms and proposes a very simple mechanism where the regulator is free to choose, without communicating in advance to the firms, between two instruments: an effluent fee or a standard: as a result in a...
Persistent link: https://www.econbiz.de/10012997072
This paper studies the general deterrence effect associated with regulatory enforcement actions, using data on the quality violations and regulatory enforcement records of all 141,290 active drinking water systems in the U.S. between 1980 and 2017. We find that general deterrence among drinking...
Persistent link: https://www.econbiz.de/10014084340
Persistent link: https://www.econbiz.de/10013094833
the topics examined by this literature—especially auctions, investment, productivity and innovation, and regulation … markets and environmental regulation. We emphasize the substantive contributions of recent papers while also highlighting how …
Persistent link: https://www.econbiz.de/10013212406
Presidents have long sought to roll back their predecessors’ regulatory policies. They have typically relied on efforts to repeal regulations and to withdraw unpublished or non-final regulations pursuant to “stop-work” orders directed at agency heads. President Trump is no exception. But...
Persistent link: https://www.econbiz.de/10014032968
We consider a simple dynamic model of environmental taxation that exhibits time inconsistency. There are two categories of firms, Believers, who take the tax announcements made by the Regulator to face value, and Non-Believers, who perfectly anticipate the Regulator's decisions, albeit at a...
Persistent link: https://www.econbiz.de/10011325007
Based on the Ramsey equation and an ethically motivated rejection of pure utility time discount, the Stern Review on the Economics of Climate Change concentrates on the use of the elasticity of marginal utility ç in the intergenerational social welfare function. We support this position by...
Persistent link: https://www.econbiz.de/10010264313