Showing 1 - 10 of 34,653
the consumption of local public goods as well as extremely mobile. Integrating theory from international business, public …
Persistent link: https://www.econbiz.de/10012920683
We study optimal climate policy in a global economy where regions differ in wealth and climate vulnerability. Carbon emissions from production lead to output losses, and there is a technology for emissions absorption. We provide an aggregation result: the model with heterogeneity can be cast...
Persistent link: https://www.econbiz.de/10014632377
Persistent link: https://www.econbiz.de/10001980170
We design a global refunding scheme as a new international approach to address climate change. Participating in the global refunding system requires an initial payment. It allows each country to set its carbon emission tax, while aggregate tax revenues are partially refunded to member countries...
Persistent link: https://www.econbiz.de/10013103863
The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...
Persistent link: https://www.econbiz.de/10012002880
This study calculates efficient taxes on fuel and road use designed to combat driving related externalities. The study shows that the efficient road user charge on fuel is below the marginal mileage-related damage to prevent tax avoidance due to an excessive economic driving-style. The current...
Persistent link: https://www.econbiz.de/10012005473
This study calculates efficient taxes on gasoline and road use designed to combat driving related externalities when motorists avoid taxes due to an excessive economic driving-style. The efficient tax on gasoline is reduced below the Pigouvian rate due to such avoidance. The current US tax rate...
Persistent link: https://www.econbiz.de/10012156698
In normative public economics it is crucial to know how fast the marginal utility of income declines as income increases. One needs this parameter for cost-benefit analysis, for optimal taxation and for the (Atkinson) measurement of inequality. We estimate this parameter using four large...
Persistent link: https://www.econbiz.de/10012725445
environmentally harmful fossil fuel subsidy: States that maintain dual-pricing policies are not incentivised to curb their CO2 … context of fossil fuel subsidy reform. In view of climate change mitigation, the World Trade Organization (WTO) should …, the piece approaches dual pricing from the viewpoint of being a fossil fuel subsidy. The contribution explores avenues to …
Persistent link: https://www.econbiz.de/10012931636
-economic equilibrium will feature a subsidy to labor. The dynamic model does not have capital, but it has perfect markets for borrowing and …
Persistent link: https://www.econbiz.de/10013096884