This paper discusses how carbon abatement policies interact with the tax system, and how these interactions affect the overall costs of carbon controls. We provide formulas for adjusting cost estimates of auctioned and grandfathered carbon emissions from partial equilibrium energy models into...

This paper provides simple formulas for adjusting the costs of carbon taxes and tradable carbon permits to account for interactions with preexisting tax distortions in the labor market. Both policies reduce labor supply as they increase product prices and reduce real household wages; the...

A general proposal is made for initially distributing the total value of tradeable carbon permits in a developed country, which tries to balance allocative and informational efficiency, political acceptability, and equity. Because of the macroeconomic significance of carbon, the proposal is...

We give empirical welfare results for global greenhouse gas emission control, using the first multiparty model to combine tax-versus-trading under uncertainties with revenue recycling. Including multiple parties greatly reduces the welfare advantage of an emissions tax over emissions (permit)...

Institutional design focuses on the task of providing accountability and effective monitoring of decision-making by bodies vested with the coercive powers of the state in a context where information is inherently limited, costly to acquire and asymmetrically distributed. This paper focuses on...

This article outlines the efforts of a small NGO, the Mareeba Wetland Foundation, to conserve nature and conduct tourism at its Mareeba Tropical Savanna Wetland Reserve in northern Queensland. It provides background about the establishment of the reserve and its nature and draws on the results...

This article explores the similarities, differences, and implications from the 1970s–1980s experience for the macroeconomic dynamic that may arise from the 2008 price spike and subsequent recession. Role of monetary policy (deviations from Taylor rule) is assessed. This is an argument that has...

In May 1991. the Alaska Senate's Special Committee on Domestic and International Commercial Fisheries initiated the first review of the state's salmon enhancement program since its inception 20 years ago. As part of this review, a cost/benefit analysis of the State's enhancement program for...

Water quality trading (trading) as a means to improve water quality has become an increasingly popular instrument considered by environmental policy makers. Although the U.S. Environmental Protection Agency lists more than forty current trading programs in the U.S., only a few active markets...

This study assessed the preference for and efficiency of land tenure contract arrangements in rice farming in West Java, Indonesia. Specifically, it examined the transaction costs associated with land tenure contracts, the land tenure contract preference, the efficiency of land tenure contracts,...