Ouchida, Yasunori; Goto, Daisaku - In: Economic Modelling 36 (2014) C, pp. 511-516
This paper, which reexamines the Poyago-Theotoky model, provides additional investigation that was conducted under a corrected environmental damage parameter. As new findings, we obtain the following. First, social welfare under a time-consistent emission tax (emission subsidy) policy is always...