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the benefits of environmental improvement, and then expand the analysis to explore how uncertainty on the part of …
Persistent link: https://www.econbiz.de/10014024841
We study the importance of uncertainty and public finance to the welfare ranking of three environmental policy … revenues finance public abatement. When the main source of uncertainty is economic, the most efficient recipe is to levy … pollution taxes and use the collected tax revenues to finance public abatement. However, when environmental uncertainty is the …
Persistent link: https://www.econbiz.de/10010270638
Ramsey allocation, to first-best allocation. The focus is on the source and size of uncertainty, and how this affects optimal …
Persistent link: https://www.econbiz.de/10010865728
allocation to first-best allocation. The focus is on the source and size of uncertainty, and how this affects optimal choices and …
Persistent link: https://www.econbiz.de/10008833208
Persistent link: https://www.econbiz.de/10001387156
Persistent link: https://www.econbiz.de/10000660990
This paper studies the properties of second-best optimal policy in a standard general equilibrium model of growth augmented with renewable natural resources. The government chooses its policy instruments (the income tax rate and the allocation of collected tax revenues between public investment...
Persistent link: https://www.econbiz.de/10002756193
This paper employs analytical and numerical general equilibrium models to examine the costs of achieving pollution reductions under a range of environmental policy instruments in a second-best setting with pre-existing factor taxes. We compare the costs and overall efficiency impacts of...
Persistent link: https://www.econbiz.de/10014066087
This paper uses analytical and numerical general equilibrium models to study the costs of achieving pollution reductions under a range of environmental policy instruments in a second-best setting with pre-existing factor taxes. We compare the costs and efficiency impacts of emissions taxes,...
Persistent link: https://www.econbiz.de/10013244739
Persistent link: https://www.econbiz.de/10012013192