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We investigate how fuel taxation reduces climate and pollution externalities by evaluating the world’s largest …-thirds of which stem from health benefits due to reduced air pollution. Emission reductions and associated monetized benefits …
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The paper compares the effects of market-based and command-and-control climate policies on the direction of technical change and the prevention of environmental disasters. Drawing on the model proposed in Acemoglu et al. (2012, American Economic Review), we show that market-based policies...
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