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The use of Payment for Environmental Services (PES) is not a new type of contract but they have become more in vogue because of the potential for sequestering carbon by paying to prevent deforestation and degradation of forest lands. We provide a framework utilizing transaction costs to...
Persistent link: https://www.econbiz.de/10013087879
This paper contributes to the understanding of how to maximize the impact of publicly provided climate finance to leverage the private sector. Agencies seeking to promote private investment in support of climate change mitigation and adaptation may have a choice between subsidizing projects or...
Persistent link: https://www.econbiz.de/10012965952
optimal subsidy schedule that features heterogeneity in consumer preferences and inertia, and firms with heterogeneous costs … that can set prices and product characteristics in response to changes in the subsidy. We apply it to the Medicare …
Persistent link: https://www.econbiz.de/10012891321
A number of market failures have been associated with R&D investments and significant amounts of public money have been spent on programs to stimulate innovative activities. In this paper, we review some recent microeconomic studies evaluating effects of government sponsored commercial R&D. We...
Persistent link: https://www.econbiz.de/10013221941
market structures ranging from competition to monopoly, the marginal externality and optimal subsidy are non-monotonic in … against an emerging epidemic. While the nonmonotonic pattern of the optimal subsidy persists, new findings emerge. Universal …
Persistent link: https://www.econbiz.de/10013221965
In the United States, local government expenditures are heavily subsidized through a variety of sources. This paper explores theoretically and then simulates empirically the effects of eliminating either of two federal subsidies encouraging local government expenditures: (1) income tax...
Persistent link: https://www.econbiz.de/10013223591
We analyze the efficient subsidy for durable good technologies. We theoretically demonstrate that a policymaker faces a … tension between intertemporally price discriminating by designing a subsidy that increases over time and taking advantage of … future technological progress by designing a subsidy that decreases over time. Using dynamic estimates of household …
Persistent link: https://www.econbiz.de/10013224980
combination of a presumptive tax and an environmental subsidy. A presumptive tax is a tax that is imposed under the presumption … that all production uses a dirty technology or all consumption goods become waste. The environmental subsidy is then … usefulness of the tax-subsidy combination, we review conceptual considerations regarding its implementation and practical …
Persistent link: https://www.econbiz.de/10013227504
three domestic policies considered: a tariff or subsidy on imports of both products and a domestic production subsidy. The … the production of the input can critically affect the desirability of a tax as apposed to a subsidy on intermediate …
Persistent link: https://www.econbiz.de/10013234946
In evaluating the effect of an R&D subsidy we need to know what the subsidized firm would have spent on R&D had it not … received the subsidy. Using data on Israeli manufacturing firms in the 1990s we find evidence suggesting that the R&D subsidies … this effect is large enough to justify the existence of the subsidy program, it is lower than expected given the dollar …
Persistent link: https://www.econbiz.de/10013239953