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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 the tax has to increase to keep the market shares of goods of different …
Persistent link: https://www.econbiz.de/10011596394
Policy makers and analysts are often faced with situations where it is unclear whether market-based instruments hold real promise of reducing costs, relative to conventional uniform standards. We develop analytic expressions that can be employed with modest amounts of information to estimate the...
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For any emission trading system (ETS) with quantity-based endogenous supply of allowances, there exists a negative demand shock, e.g. induced by abatement policy, that increases aggregate supply and thus cumulative emissions. We prove this green paradox for a general model and then apply it to...
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This paper studies the effect of an emission tax on the relocation decision in a duopoly with exogenous vertical … emissions in a two-country-setting for three cases: An environmental tax set only by one country, non-cooperative environmental … relocates to the foreign country. A lower marginal damage decreases the equilibrium tax rate and lowers the incentive for …
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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...
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This paper studies the effect of an emission tax on the relocation decision in a duopoly with exogenous vertical … emissions in a two-country-setting for three cases: An environmental tax set only by one country, non-cooperative environmental … to the foreign country. A lower marginal damage decreases the equilibrium tax rate and lowers the incentive for …
Persistent link: https://www.econbiz.de/10011858143