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In recent years, sustainability has represented one of the most important policy goals explored in the environmental Kuznets curve (EKC) literature. But related hypotheses, performance measures and results continue to present a challenge. The present paper contributes to this ongoing literature...
Persistent link: https://www.econbiz.de/10010765493
given target of stationary stock of pollution, the land rent taxation scheme leads to a higher steady state capital … production taxation can be used for environmental protection through investment in emission mitigation. We show that, for any … is relatively high compared to the dirtiness of production, the land rent taxation also provides a higher steady state …
Persistent link: https://www.econbiz.de/10011809898
Persistent link: https://www.econbiz.de/10012584381
externalities, treatment of one unit often affects other units. To explore the implications of applying standard quasi …
Persistent link: https://www.econbiz.de/10014023890
We investigate the introduction of a minimum quality standard (MQS) in a vertically differentiated duopoly with an environmental externality. We establish that the MQS bites only if the hedonic component of consumer preferences is sufficiently strong. Then, we illustrate an underlying tradeoff...
Persistent link: https://www.econbiz.de/10011735200
We extend the analysis carried out by Valletti (2000) by considering an environmental externality in a vertically differentiated duopoly where firms compete à la Cournot with fixed costs of quality improvement. We show that, if the weight of the external effect is high enough, the resulting...
Persistent link: https://www.econbiz.de/10011737211
and may patronise the product they buy, firms set their green investment to abate the impact of productivity on pollution …
Persistent link: https://www.econbiz.de/10011731235
Limiting global warming to well below 20 C may result in the stranding of carbon-sensitive assets. This could pose substantial threats to financial and macroeconomic stability. We use a dynamic stochastic general equilibrium model with financial frictions and climate policy to study the risks a...
Persistent link: https://www.econbiz.de/10012825396
Limiting global warming to well below 2*C may result in the stranding of carbon-sensitive assets. This could pose substantial threats to financial and macroeconomic stability. We use a dynamic stochastic general equilibrium model with financial frictions and climate policy to study the risks a...
Persistent link: https://www.econbiz.de/10012827643
The paper introduces an integrated approach, blending Opinion Dynamics with a Macroeconomic Agent-Based Model (OD-MABM). It aims to explore the co-evolution of climate change mitigation policy and public support. The OD-MABM links a novel opinion dynamics model that is calibrated for European...
Persistent link: https://www.econbiz.de/10014517686