gap”. Then policies targeting durability raise welfare. While externalities are corrected by Pigovian taxes that ignore … suboptimal, a durability mandate raises welfare. Third, internalities have ambiguous effects. Fourth, a social discount rate less …

gap". Then policies targeting durability raise welfare. While externalities are corrected by Pigovian taxes that ignore … suboptimal, a durability mandate raises welfare. Third, internalities have ambiguous effects. Fourth, a social discount rate less …

) precautionary savings and (ii) production externalities. By solving the Ramsey problem analytically along the entire transitional …

This paper discusses the externalities and market failures in cryptocurrency markets. In particular, I highlight the … significant environmental externalities created by Proof-of-Work (PoW) cryptocurrencies, the most prominent of which is Bitcoin …. The main goals of this paper are to quantify these externalities, illustrate the mechanisms by which they arise, and …

should be spatially-differentiated or uniform when negative RES environmental externalities are spatially heterogeneous and …

The presence of preexisting tax distortions, and the form of revenue recycling, can crucially affect the size - and … possibly even the sign - of the welfare effect of road pricing schemes. The efficiency gains from recycling congestion tax … market can raise the overall welfare gains of the congestion tax by as much as 100 percent. Recycling congestion tax revenues …