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Inequality, Environmental Protection and Growth

Marsiliani, Laura; Renström, Thomas I - C.E.P.R. Discussion Papers - 2003

We analyse how, in representative democracies, income distribution influences the stringency of environmental policy and economic growth. Individuals (who differ in abilities) live for two periods, working when young and owning capital when old. Externalities are caused by a polluting factor....

Persistent link: https://www.econbiz.de/10005791379

Assessing Welfare Accounts

Fölster, Stefan; Gidehag, Robert; Orszag, Mike; … - C.E.P.R. Discussion Papers - 2002

The paper examines the possible effects of introducing a large-scale welfare reform in Sweden, namely, the introduction of comprehensive welfare accounts. Under this policy, individuals make mandatory contributions to accounts, which they can top up with voluntary contributions. In return,...

Persistent link: https://www.econbiz.de/10005661890

On Income Inequality and Green Preferences

Marsiliani, Laura; Renström, Thomas I - C.E.P.R. Discussion Papers - 2003

We derive conditions of individual preferences and technology that give rise to a negative correlation between income inequality and environmental protection. We present a class of models (which captures a static model as well as an overlapping-generations model) in which individuals differ in...

Persistent link: https://www.econbiz.de/10005662063

Environmental Policy and Capital Movements: The Role of Government Commitment

Marsiliani, Laura; Renström, Thomas I - C.E.P.R. Discussion Papers - 2003

This Paper explores the relationship between environmental protection and international capital movements, when tax policy is endogenous (through voting). A two-period general equilibrium model of a small open economy is specified to compare the effects of two different constitutions (commitment...

Persistent link: https://www.econbiz.de/10005792126

Can Coasean Bargaining Justify Pigouvian Taxation?

Rosenkranz, Stephanie; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2004

The fact that according to the celebrated Coase theorem rational parties always try to exploit all gains from trade is usually taken as an argument against the necessity of government intervention through Pigouvian taxation in order to correct externalities. We show that the hold-up problem,...

Persistent link: https://www.econbiz.de/10005661662

How to Win a Decision in a Confederation

Jehiel, Philippe; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2002

This Paper deals with collective decision making within a group of independent jurisdictions. The right to choose the public policy is delegated from the central authority of one of the jurisdictions through a bidding procedure among the group members. We identify the following trade-off:...

Persistent link: https://www.econbiz.de/10005661614

Environmental Policy Under Oligopoly with Endogenous Market Structure

Katsoulacos, Yannis; Xepapadeas, Anastasios - C.E.P.R. Discussion Papers - 1994

Emission taxes under oligopoly with both fixed number and endogenous market structure (perhaps the most relevant market …

Persistent link: https://www.econbiz.de/10005656132

Dynamic Optimal Taxation with Private Information

Albanesi, Stefania; Sleet, Christopher - C.E.P.R. Discussion Papers - 2003

We study dynamic optimal taxation in a class of economies with private information. Constrained optimal allocations in these environments are complicated and history-dependent. Yet, we show that they can be attained as competitive equilibria in market economies supplemented with simple tax...

Persistent link: https://www.econbiz.de/10005791199

Second-Best Carbon Taxation in the Global Economy: The Green Paradox and Carbon Leakage Revisited

van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2015

Unilateral second-best carbon taxes are analysed in a two-period, two-country model with international trade in final … first best to mitigate adverse Green Paradox effects. Unilateral second-best optimal carbon taxes exceed the first …-best taxes due to an import tariff component. The intertemporal terms of trade effects of the future carbon tax increase current …

Persistent link: https://www.econbiz.de/10011262885

Commodity Tax Competition and Tax Coordination Under Destination and Origin Principles

Lockwood, Ben - C.E.P.R. Discussion Papers - 2000

This paper proposes a general framework for analysing commodity tax competition under destination and origin principles, based on three possible tax spillovers: the consumer price spillover, the producer price/terms of trade spillover, and rent spillovers. A model is presented which can be...

Persistent link: https://www.econbiz.de/10005504270