منابع مشابه
Revenue Neutral Trade Reform with Many Households, Quotas and Tariffs
Government budget balance forces the endogenous use of distortionary tax instruments when an exogenous reform is implemented. The aggregate efficiency of such reforms is based on comparisons of simple summary measures of the Marginal Cost of Funds of the various tariff or quota changes with the Marginal Cost of Funds of the alternative taxes, or of the Marginal Benefit of Government supplied go...
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Revenue neutral trade reform is desirable if revenues are made up from less costly distortions. With a particular Computable General Equilibrium model, reforms can be evaluated, but the robustness of conclusions is suspect; they depend on a particular specification and parameterization of the model economy. This paper provides a diagnostic toolkit which permits sensitivity analysis across model...
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We compare auctioning and grandfathering as allocation mechanisms of emission permits when there is a secondary market with market power and the firms have private information. Based on real-life cases such as the EU ETS, we consider a multi-unit, multi-bid uniform auction, modelled as a Bayesian game of incomplete information. At the auction each firm anticipates his role in the secondary mark...
متن کاملCap-and-Trade, Emissions Taxes, and Innovation
Emissions taxes and carbon caps can both lead to e cient production of energy, in the sense of controlling carbon emissions to the extent that is e cient with existing technologies. However, the regulatory policy has a second objective, which is to create incentives to develop lower-carbon technologies. With both objectives in mind, does one policy dominate the other? I address this question in...
متن کاملCap and Escape in Trade Agreements
We propose a model of flexible trade agreements in which verifying the prevailing contingencies is possible but costly. Two types of flexibility emerge: contingent protection, which requires governments to verify the state of the world, and discretionary protection, which allows governments to set tariffs unilaterally. The structure of the GATT/WTO agreement provides these two types of flexibil...
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ژورنال
عنوان ژورنال: Studies in Agricultural Economics
سال: 2018
ISSN: 1418-2106,2063-0476
DOI: 10.7896/j.1809