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Prices versus Quantities in a Second-Best Setting

Quirion, Philippe - In: Environmental & Resource Economics 29 (2004) 3, pp. 337-359

The choice between taxes and tradable permits has been independently analysed by two distinct research traditions. The first proceeds from Weitzman’s partial equilibrium stochastic model and concludes that a tax should be preferred if the marginal abatement cost curve is steeper than the...

Persistent link: https://www.econbiz.de/10005684459

Prices vs Quantities in a Second-best Setting

Quirion, Philippe - HAL - 2005

The choice between taxes and tradable permits has been independently analysed by two distinct research traditions. The first proceeds from Weitzman's partial equilibrium stochastic model and concludes that a tax should be preferred if the marginal abatement cost curve is steeper than the...

Persistent link: https://www.econbiz.de/10008789416

Relative Quotas: Correct Answer to Uncertainty or Case of Regulatory Capture

Quirion, Philippe - 2003

There is a tendency among policy-makers and industry lobbyists toward "specific", "relative" or "output-based" quotas, i.e., freely distributed to firms proportionally to their output. With a stochastic analytical model, we demonstrate that relative quotas are dominated either by absolute quotas...

Persistent link: https://www.econbiz.de/10011325068

Relative quotas : correct answer to uncertainty or case of regulatory capture

Quirion, Philippe - 2003

Persistent link: https://www.econbiz.de/10011591303

Relative Quotas: Correct Answer to Uncertainty or Case of Regulatory Capture

Quirion, Philippe - Fondazione ENI Enrico Mattei (FEEM) - 2003

Persistent link: https://www.econbiz.de/10005423153

Does uncertainty justify intensity emission caps?

Quirion, Philippe - HAL - 2005

polluting firm's output. One of the arguments put forth in favour of relative caps is based on the uncertainty on business …

Persistent link: https://www.econbiz.de/10008791057

Choosing the right instrument

Schöb, Ronnie - In: Environmental & Resource Economics 8 (1996) 4, pp. 399-416

can be used to reduce the distortion of existing taxes such as taxes on labour and capital income. Without uncertainty …, environmental taxes and auctioned permits are equally appropriate. In the presence of uncertainty, however, the optimal choice of … optimal choice of environmental policy instruments in the presence of uncertainty. The paper shows that the first-best choice …

Persistent link: https://www.econbiz.de/10005684418

Taxes, permits and costly policy response to technological change

Coria, Jessica; Hennlock, Magnus - In: Environmental Economics and Policy Studies 14 (2012) 1, pp. 35-60

Persistent link: https://www.econbiz.de/10010539313

Taxes, Permits and Costly Policy Response to Technological Change

Coria, Jessica; Hennlock, Magnus - Nationalekonomiska institutionen, Handelshögskolan - 2010

In this paper we analyze the eects of the choice of price (taxes) versus quantity (tradable permits) instruments on the policy response to technological change. We show that if policy responses incur transactional and political adjustment costs, environmental targets are less likely to be...

Persistent link: https://www.econbiz.de/10008635710

Environmental taxes in an economy with distorting taxes and a heterogeneous population

Hoel, Michael - 2008

During the last couple of decades, there has been a large literature discussing how the properties of emission taxes are affected by the existence of distortionary taxes. Most of this literature ignores distributional aspects of environmental taxes and other types of environmental policy...

Persistent link: https://www.econbiz.de/10010287740

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