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stochastic general equilibrium real business cycle model that includes both a pollution externality and congestion externalities … absent, we solve for the second best. The absence of a vacancy policy to address the congestion externalities substantially …
Persistent link: https://www.econbiz.de/10013291189
stochastic general equilibrium real business cycle model that includes both a pollution externality and congestion externalities … congestion externalities substantially affects the value of the emissions tax, both in steady state and over the business cycle …
Persistent link: https://www.econbiz.de/10013310016
Persistent link: https://www.econbiz.de/10011764133
policy instruments for biofuels and gasoline that maximizes social surplus and internalizes externalities from miles and … policy of an ethanol tax credit and import tariff increases miles externalities and greenhouse gases and decreases social …
Persistent link: https://www.econbiz.de/10014209663
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The point of departure for the study of the impact of energy and environmental policies is the neoclassical theory of …
Persistent link: https://www.econbiz.de/10014025283
In our analytical general equilibrium model where two polluting inputs can be substitutes or complements in production, we study the effects of a tax on one pollutant in two cases: one where both pollutants face taxes and the second where the other pollutant is subject to a permit policy. In...
Persistent link: https://www.econbiz.de/10010383371
Persistent link: https://www.econbiz.de/10003896045
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This paper highlights the critical role that demand-shock and policy-shock induced finite changes play for the unconventional employment consequences of such shocks at a general equilibrium of a multi-sector competitive economy. A labour market reform that lowers the institutional costs of...
Persistent link: https://www.econbiz.de/10015101800