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...

Economic literature generally favours market-based instruments for regulating environmental externalities since they ensure compliance at the least cost to society. Emission taxes have been increasingly introduced internationally, with the focus shifting to CO2 after the adoption of the Kyoto...

Der Arbeitskreis "Räumliche Aspekte umweltpolitischer Instrumente" hat sich damit beschäftigt, welche räumlichen Implikationen mit wichtigen umweltpolitischen Instrumenten verbunden sind. Dabei werden ordnungsrechtliche, marktwirtschaftlich orientierte und planungsbezogene Ansätze...

This dissertation investigates the optimal policy for reducing emissions on an aggregate level and in segregated sectors of the economy of the United States and Pakistan using the Dynamic Stochastic General Equilibrium model with New Keynesian assumptions. Three types of environmental policies...