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Optimal mix of emissions taxes and cap-and-trade
Statens väg- och transportforskningsinstitut, Samhälle, miljö och transporter, SAMT, Transportekonomi Stockholm, TEK-S.
2008 (Engelska)Ingår i: Journal of Environmental Economics and Management, ISSN 0095-0696, E-ISSN 1096-0449, Vol. 56, nr 2, s. 131-140Artikel i tidskrift (Refereegranskat) Published
Abstract [en]

In practice, different emitters of a particular pollutant are sometimes subjected to different control mechanisms. This paper focuses on the situation where a part of the economy is regulated by a cap-and-trade program, while the rest is subjected to an emissions tax. Using an extended version of Weitzman's 'Prices vs. Quantities' model [M.L. Weitzman, Prices vs. quantities, Revi. Econ. Stud. 41 (1974) 477-491], we analyze the conditions under which this is superior, from an efficiency point of view, to subjecting the whole economy to either of these control mechanisms. The paper addresses a crucial trade-off between two sources of efficiency loss, one due to cost-effectiveness issues and another due to emissions volume. This trade-off determines the optimal size of each sector. It is shown that the size of the taxed sector, at an optimum, increases with the relative steepness of the aggregate marginal abatement cost function

Ort, förlag, år, upplaga, sidor
Elsevier, 2008. Vol. 56, nr 2, s. 131-140
Nyckelord [en]
Emission, Emission control, Trade, Price, Carbon dioxide, Greenhouse effect
Nationell ämneskategori
Nationalekonomi
Forskningsämne
Road: General works, surveys, comprehensive works, Road: Economics; Road: Transport, society, policy and planning, Road: Environment
Identifikatorer
URN: urn:nbn:se:vti:diva-357DOI: 10.1016/j.jeem.2007.12.004ISI: 000259714500003OAI: oai:DiVA.org:vti-357DiVA: diva2:667019
Tillgänglig från: 2013-11-25 Skapad: 2013-11-25 Senast uppdaterad: 2017-12-06Bibliografiskt granskad

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Totalt: 21 träffar
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  • de-DE
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  • sv-SE
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