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What is the Best Environmental Policy? Taxes, Permits and Rules under Economic and Environmental Uncertainty

Angelopoulos, Konstantinos; Economides, George; … - CESifo - 2010

We study the importance of uncertainty and public finance to the welfare ranking of three environmental policy … revenues finance public abatement. When the main source of uncertainty is economic, the most efficient recipe is to levy … pollution taxes and use the collected tax revenues to finance public abatement. However, when environmental uncertainty is the …

Persistent link: https://www.econbiz.de/10008596572

Friedman Rule in a Model with Endogenous Growth and Cash-in-advance Constraint

Gahvari, Firouz - CESifo - 2009

This paper introduces money into an overlapping generations model with endogenous growth. The model, due to Docquier et al. (2007), exhibits a positive intergenerational externality which precludes its laissez-fair equilibrium to be optimal even if the government can control the level of...

Persistent link: https://www.econbiz.de/10005013062

Economic Incentives and Social Preferences: A Preference-based Lucas Critique of Public Policy

Bowles, Samuel; Reyes, Sandra Polanía - CESifo - 2009

Policies and explicit private incentives designed for self-regarding individuals sometimes are less effective or even counterproductive when they diminish altruism, ethical norms and other social preferences. Evidence from 51 experimental studies indicates that this crowding out effect is...

Persistent link: https://www.econbiz.de/10005029261

The Welfare State, Redistribution and the Economy, Reciprocal Altruism, Consumer Rivalry and Second Best

Ploeg, Frederick Van der - CESifo - 2004

Democratic countries with substantial inequality and where people believe that success depends on connections and luck induce political support for high tax rates and generous welfare states. Traditional wisdom is that such policies harm the economy, but there is not much evidence that countries...

Persistent link: https://www.econbiz.de/10005766146

Accidental Bequests: A Curse for the Rich and a Boon for the Poor

Cremer, Helmuth; Gahvari, Firouz; Pestieau, Pierre - CESifo - 2010

When accidental bequests signal otherwise unobservable individual characteristics such as productivity and longevity, the tax administration should partition the population into two groups: One consisting of people who do not receive an inheritance and the other of those who do. The first tagged...

Persistent link: https://www.econbiz.de/10008534050

Monetary Policy and Redistribution: What can or cannot be Neutralized with Mirrleesian Taxes

Gahvari, Firouz; Micheletto, Luca - CESifo - 2012

This paper develops an overlapping-generations model with heterogeneous agents in terms of earning ability and cash-in-advance constraint. It shows that tax policy cannot fully replicate or neutralize the redistributive implications of monetary policy. While who gets the extra money becomes...

Persistent link: https://www.econbiz.de/10009645639

Demographic Change and Regional Labour Markets: The Case of Eastern Germany

Henschel, Beate; Pohl, Carsten; Thum, Marcel - CESifo - 2008

Demographic change will be one of the most challenging issues for industrialized economies in the decades to come. In this paper, we focus on the impact of demographic change on labour markets. By setting up a stylized model of a regional labour market, we are able to analyze the interaction of...

Persistent link: https://www.econbiz.de/10005405965

Optimal Redistributive Tax and Education Policies in General Equilibrium

Jacobs, Bas - CESifo - 2007

Should a redistributive government optimally subsidize education to provoke a reduction in the skill premium through general equilibrium effects on wages? To answer this question, this paper studies optimal linear and non-linear redistributive income taxes and education subsidies in two-type...

Persistent link: https://www.econbiz.de/10005406088

Subsidizing Extra Jobs: Promoting Employment by Taming the Unions

Knabe, Andreas; Schöb, Ronnie - CESifo - 2007

We study the subsidization of extra jobs in a general equilibrium framework. While the previous literature focuses on symmetric marginal employment subsidies where firms are rewarded when they increase employment but punished when they reduce their workforce, we consider an asymmetric scheme...

Persistent link: https://www.econbiz.de/10005406277

Trade Retaliation in a Monetary-Trade Model

Whalley, John; Yu, Jun; Zhang, Shunming - CESifo - 2009

We explore how outcomes of trade policy retaliation (Nash tariff games) are affected when trade simultaneously takes places geographically across countries and through time via financial intermediation. In such models deficits and surpluses in goods trade are endogenously determined, and...

Persistent link: https://www.econbiz.de/10005416485

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