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We study optimal pollution abatement under a mixed oligopoly game when firms engage in emissions-reducing R&D that is … certain conditions, the optimal pollution tax is positive; otherwise, the tax reverts to a subsidy. Comparing mixed and …
Persistent link: https://www.econbiz.de/10011800081
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The central question in taxation and development is: “how does a government go from raising around 10% of GDP in taxes …
Persistent link: https://www.econbiz.de/10014025495
market outcome exhibits inefficient production and inefficient entry. A policy mix of three popular regulatory instruments—taxation … on polluters, feed-in tariffs for clean entrants, and taxation of consumption—cannot correct these two market failures …
Persistent link: https://www.econbiz.de/10010352347
This paper analyzes stochastic productive pollution within a model of endogenous growth. The extent to which the agents … perceive their individual influence on aggregate pollution is parameterized. Recursive preferences allow for the separation … stochastic pollution tax, which is uncorrelated with the technological uncertainty of pollution, is compared with a pure …
Persistent link: https://www.econbiz.de/10010262909
We study optimal pollution abatement under a mixed oligopoly game when firms engage in emissions-reducing R&D that is … certain conditions, the optimal pollution tax is positive; otherwise, the tax reverts to a subsidy. Comparing mixed and …
Persistent link: https://www.econbiz.de/10011815802
This paper analyzes the impact of pollution and abatement policy within a stochastic endogenous growth model. The …, environmental care is done by the government and financed via income taxation and government bonds. Equilibrium growth depends on …, government debt influences equilibrium growth. Hence, income taxation has an additional indirect impact on accumulation through …
Persistent link: https://www.econbiz.de/10010317622
. The cases of output reduction as the sole means for pollution control and of additional means being feasible are … level of pollution at minimum social cost in the case of a monopolistic polluter. …
Persistent link: https://www.econbiz.de/10009574296
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