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| DOI | 10.1016/j.jeem.2024.102951 |
| Taxes versus quantities reassessed | |
| 发表日期 | 2024 |
| ISSN | 0095-0696 |
| EISSN | 1096-0449 |
| 起始页码 | 125 |
| 卷号 | 125 |
| 英文摘要 | The ongoing debate concerning the ranking of taxes versus cap and trade for climate policy begins with Weitzman's (1974) seminal slope -based criterion and concludes that taxes likely dominate quotas. We challenge this conclusion and the intuition behind it. Because technology shocks and pollution stocks are both persistent, a technology shock alters the intercepts of both the marginal damage and abatement cost curves. The ratio of these two intercept shifts is as important as the ratio of slopes in ranking policies. Technology innovations diffuse gradually, strengthening the importance of the ratio of intercept shifts. For plausible parameter combinations, quotas can dominate taxes. |
| 英文关键词 | Policy instruments; Pollution; Climate change; Taxes; Quantities; Regulation; Uncertainty; Cap and trade; Technology |
| 语种 | 英语 |
| WOS研究方向 | Business & Economics ; Environmental Sciences & Ecology |
| WOS类目 | Business ; Economics ; Environmental Studies |
| WOS记录号 | WOS:001223047700001 |
| 来源期刊 | JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT
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| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/289873 |
| 作者单位 | University of California System; University of California Berkeley; University of Oslo |
| 推荐引用方式 GB/T 7714 | . Taxes versus quantities reassessed[J],2024,125. |
| APA | (2024).Taxes versus quantities reassessed.JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT,125. |
| MLA | "Taxes versus quantities reassessed".JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 125(2024). |
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