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We consider international negotiations on the level of global pollution, and examine the Lindahl solution which … determines the distribution of the pollution permits with unanimous agreement. We show various properties to clarify difficulties …
Persistent link: https://www.econbiz.de/10010290407
A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to labor income taxation. Additional literature is...
Persistent link: https://www.econbiz.de/10012731608
-consistent policy rules that implement the stochastic first best as long as a future market exists. We apply our theory to carbon …
Persistent link: https://www.econbiz.de/10011939765
regulation. We illustrate our results in applications to financial regulation with environmental externalities, shadow banking …
Persistent link: https://www.econbiz.de/10013440427
model in which we study the interactions between agglomeration externalities and pollution from commuting. Our results show …This paper is concerned with the economics of urban externalities. We start by reviewing the literature on urban … externalities, and observe that although many interesting contributions have been made, there seems to be sufficient scope and need …
Persistent link: https://www.econbiz.de/10011334355
How is the optimal level of Pigouvian taxation influenced by distributive concerns? With second-best instruments, a higher level of income redistribution calls for a lower level of Pigouvian taxation. More redistribution implies higher distortions from income taxation. Pigouvian tax revenues...
Persistent link: https://www.econbiz.de/10010340529
We consider international negotiations on the level of global pollution, and examine the Lindahl solution which … determines the distribution of the pollution permits with unanimous agreement. We show various properties to clarify difficulties …
Persistent link: https://www.econbiz.de/10005688317
of externalities linked to one another through markets rather than technical production relationships. Analytical results … externalities ; biofuel ; GHG emissions ; nitrogen leaching …
Persistent link: https://www.econbiz.de/10008749027
of externalities linked to one another through markets rather than technical production relationships. Analytical results …
Persistent link: https://www.econbiz.de/10013316127
This essay revisits the question of instrument choice for the regulation of externalities in the context of climate …
Persistent link: https://www.econbiz.de/10013139396