This paper examines the relative merits of two dominant economic instruments for reducing pollution—”green” taxes and tradable permits. Theoretically, the two instruments share many similarities, and on balance, neither seems preferable to the other. In practice, however, most countries...

This paper studies environmental management policy when two fossil-fuel-consuming countries non-cooperatively regulate greenhouse- gas emissions through emission taxes or quotas. The presence of carbon leakage caused by fuel-price changes a.ects the tax-quota equivalence. We explore each...

This paper studies environmental management policy when two fossil-fuel-consuming countries non-cooperatively regulate greenhouse-gas emissions through emission taxes or quotas. The presence of carbon leakage caused by fuel-price changes affects the tax-quota equivalence. We explore each...

The European Union Emissions Trading System has raised concerns about possible detrimental effects on firms production through an increase in polluting costs, unless firms change inputs or increase the efficiency in the way they produce. We provide evidence of the causal impact of this policy on...

The European Union Emissions Trading System has raised concerns about possible detrimental effects on firms production through an increase in polluting costs, unless firms change inputs or increase the efficiency in the way they produce. We provide evidence of the causal impact of this policy on...

Die Schätzung externer Effekte des Verkehrs gehört zu den kompliziertesten Problemen der verkehrsökonomischen Forschung. Viele einst verfochtene und angewandte Methoden, wie zum Beispiel die hedonische Preisbildung, der Humankapitalansatz und die Kontingente Bewertungsmethode, werden zu Recht...

Purpose – The purpose of this paper is to try to formulate a conceptual model for service-oriented export pricing by looking at both demand- and supply-side considerations by taking export price as a function of domestic price of service. Design/methodology/approach – Continuous time...