Prices vs. Quantities

Weitzman, Martin L.

doi:10.2307/2296698

Cited by 2,428 publications

(1,201 citation statements)

References 8 publications

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“…Aggregating () in (19), we have  = (   ) −1 +1 . Inverting this result yields  as the function of ( ) in (24). Substituting () from (19) into (7), we obtain  =  (−1) , where  is a function of  given by (18).…”

Section: Resultsmentioning

confidence: 98%

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Emission Tax or Standard? The Role of Productivity Dispersion

Shi

2011

SSRN Journal

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We analyze the importance of productivity dispersion for evaluating a tax versus a regulatory standard on emission. The model has a continuum of plants each producing a dirty good with emission as the by-product. The plants are heterogeneous in productivity, and the dirty-goods sector is monopolistically competitive. We show that if no technology is available for emission abatement, then the tax generates higher welfare than the standard for any given target on aggregate emission. With an abatement technology, the standard can yield higher welfare than the tax if the plants have sufficiently large market power and sufficiently similar productivity.

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Section: Resultsmentioning

confidence: 98%

“…and, hence,  is as in (24). Aggregating () in (16) and substituting  from (24), we obtain  as in (25).…”

Section: Resultsmentioning

confidence: 99%

Emission Tax or Standard? The Role of Productivity Dispersion

Shi

2011

SSRN Journal

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“…(Calculating tax charges does require monitoring of actual emissions, just as determining compliance with an allowancetrading system would.) Second, taxes provide price certainty-once government sets the tax rate, everyone knows exactly what the cost per ton will be for as long as the tax is in place (Weitzman 1974). Third, taxes avoid concerns about distortion, manipulation, or excessive price volatility in allowance markets.…”

Section: Taxes Vs Cap and Tradementioning

confidence: 99%

The So2 Allowance Trading System and the Clean Air Act Amendments of 1990: Reflections on Twenty Years of Policy Innovation

Chan

Stavins

Stowe³

et al. 2012

SSRN Journal

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“…Of course, although both of carbon taxes and emissions trading are built on the basis of market mechanism and there are some similarities between them, and furthermore in the case of uncertainty their efficiency and effectiveness is theoretical equivalence [2], [3]. However, in practice, the degree that they are attached great importance and applied is different.…”

Section: Introductionmentioning

confidence: 99%

Policy Design and Implementation Issues of Regulating Greenhouse Gas Emissions in China

Dou¹,

Xie²,

Ye³

2013

IJESD

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Abstract-The basic policy tools to regulate greenhouse gas emissions are the carbon taxes and the carbon emissions right trading. In theory, they have equivalents in the efficiency and effectiveness of carbon emissions reduction. However, due to the uncertainty of real world, so they no longer have theoretical equivalent, but difference. Therefore, it is necessary on the basis of the reality of socio-economic development and changes to choice and implement the most effective policy instruments. In the selection and design of specific policies, the diversification, stability and dynamic adjustment of policy objectives, the balance and coordination between international policies, as well as the interaction and coordination between different polices, should fully be considered.Index Terms-Greenhouse gas emissions, policy instruments, carbon tax, carbon emissions right trading, uncertainty.

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Prices vs. Quantities

Cited by 2,428 publications

References 8 publications

Emission Tax or Standard? The Role of Productivity Dispersion

Emission Tax or Standard? The Role of Productivity Dispersion

The So2 Allowance Trading System and the Clean Air Act Amendments of 1990: Reflections on Twenty Years of Policy Innovation

Policy Design and Implementation Issues of Regulating Greenhouse Gas Emissions in China

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