This paper derives the incidence of a pollution tax in stylized general equilibrium framework, building on previous work by Fullerton and Heutel. Using CPI as numeraire, we show that is simpler problem than previously thought insights can be derived without need to restrict parameter space. In addition, counterintuitive possibility an increase could level vanishes. The choice numeraire further ...

We incorporate forward?looking capital accumulation into a dynamic discrete choice model of migration. characterize the steady?state equilibrium; generalize existing exact?hat algebra techniques to investment; and linearize provide an analytical characterization economy's transition path using spectral analysis. show that labor dynamics interact shape speed adjustment toward steady state. imple...