DEMAND- VERSUS SUPPLY-SIDE CLIMATE POLICIES WITH A CARBON DIOXIDE CEILING

被引：1
|
作者：
Eichner, Thomas [2 ]
Kollenbach, Gilbert [1 ,2 ]
Schopf, Mark [2 ]
机构：
[1] Univ Hagen, Dept Econ, Univ Str 41, D-58097 Hagen, Germany
[2] Univ Hagen, Hagen, Germany
来源：
ECONOMIC JOURNAL | 2023年 / 133卷 / 652期
关键词：
NONRENEWABLE RESOURCE; STOCK EXTERNALITIES; PIGOUVIAN TAXATION; OPTIMAL EXTRACTION; ENERGY; COOPERATION; ECONOMICS; RENTS; COAL; CO2;
D O I：
10.1093/ej/uead002
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In a Hotelling model with a climate coalition and a free-riding fringe, we compare demand-side and supply side climate policies aimed at keeping CO2 concentration below a ceiling equivalent to global warming of 2 degrees C. With the demand-side policy, the coalition caps its fuel demand. The corresponding allocation is intra-temporally distorted. With the supply-side policy, the coalition purchases deposits. The corresponding allocation is inter-temporally distorted and the fuel extraction path can be discontinuous. In an empirically calibrated economy, a medium-sized (the grand) coalition is stable with the demand-side (supply-side) policy. If the coalition acts strategically, the stable grand coalition implements first best.
引用
收藏
页码：1371 / 1406
页数：36
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