Showing 1 - 10 of 23
Widespread use of the non-steroidal anti-inflammatory drug (NSAID) diclofenac to treat livestock has resulted in dramatic declines in the populations of vultures across India. This has become an issue of considerable concern as vultures are a keystone species and their decline has a range of...
Persistent link: https://www.econbiz.de/10005453303
We propose a set of necessary and sufficient conditions for the environmental Kuznets curve (EKC) phenomenon in a general model that permits non-smooth preferences and feasible sets and corner solutions for welfare maximisation. These conditions pertain to the relationship between the sets of...
Persistent link: https://www.econbiz.de/10010761595
We propose a model of fossil-fuel induced emission, which permits multiple emission-mitigation strategies. In a dierentiable framework, we derive a set of necessary and sucient conditions for an environmental Kuznets curve in terms of the relative responses of the preference and technology-based...
Persistent link: https://www.econbiz.de/10010883469
We argue analytically that many commonly used models of pollution-generating technologies, which treat pollution as a freely disposable input or as a weakly disposable and null-joint output, may generate unacceptable implications for the trade-offs among inputs, outputs, and pollution. We show...
Persistent link: https://www.econbiz.de/10011043102
In economies with Ramsey taxation, decreasing returns to scale, and private ownership, we show that second-best production efficiency is desirable when the grouping of private firms induced by the profit taxation power of the government is at least as fine as the grouping of firms induced by the...
Persistent link: https://www.econbiz.de/10010998895
We propose a set of comprehensive axioms that seek to capture our intuitive understanding of the properties of an emission-generating technology (EGT). We show that an EGT that satises these axioms can be parametrically represented by more than one implicit production function that are derived...
Persistent link: https://www.econbiz.de/10011149691
We study the link between second-best production efficiency and the constraints on income distribution imposed by private ownership of firms in economies with Ramsey taxation. We review the result of Dasgupta and Stiglitz [1972], Mirrlees [1972], Hahn [1973], and Sadka [1977] about firm-specific...
Persistent link: https://www.econbiz.de/10004995397
This paper establishes the generic size and structure of the second-best Pareto frontier and its various components in private ownership economies with Ramsey taxation. It provides conditions under which the second-best Pareto frontier of an economy with H consumers will have the expected...
Persistent link: https://www.econbiz.de/10005064196
In an earlier paper [Blackorby and Murty; 2007] we showed that if a monopoly sector is imbedded in a general equilibrium framework and profits are taxed at one hundred percent, then unit (specific) taxation and ad valorem taxation are welfare-wise equivalent. In this paper, we consider private...
Persistent link: https://www.econbiz.de/10005583062
We show that if a monopoly sector is imbedded in a general equilibrium framework and profits are taxed at one hundred percent, then unit (specific) taxation and ad valorem taxation are welfare-wise equivalent. This is contrary to all known claims.
Persistent link: https://www.econbiz.de/10005747061