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focus on taxation and subsidies. In order to understand the quite complex literature on this subject, we draw on the theory … of the second best and the theory of optimal taxation. The thrust of the chapter is that there are multiple objectives … theory, while Section 6 presents empirical evidence for the European Union. The latter section focuses primarily on …
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Computable general equilibrium (CGE) modeling is an attempt to use general equilibrium theory as a tool for analysis of … widespread use of CGE modeling probably is that a CGE model is an ideal bridge between economic theory and applied policy … research. The “bridge” perspective, however, suggests that CGE modeling is a way of using rather than testing economic theory …
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technological change, and then examine theory and empirical evidence on invention, innovation, and diffusion and the related …
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Experimental methods have recently been used to evaluate environmental policy instruments, in particular – and most suitably, it seems – emissions trading programs of various designs. Some studies have focused on domestic emissions trading programs, while others have focused on international...
Persistent link: https://www.econbiz.de/10014023935
Physically, pollution occurs because it is virtually impossible to have a productive process that involves no waste; economically, pollution occurs because polluting is less expensive than operating cleanly. This chapter explores the sources and consequences of, and remedies for, pollution and...
Persistent link: https://www.econbiz.de/10014023939
trade theory, and modern macroeconomics by incorporating the best features of each. This chapter describes the theoretical …
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