Costs of alternative environmental policy instruments in the presence of industry compensation requirements
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- 作者：A. Lans Bovenberg ; Lawrence H. Goulder ; Mark R. Jacobsen
- 关键词：Environmental instrument choice ; Pollution control ; Compensation requirements ; Emissions abatement costs
- 刊名：Journal of Public Economics
- 出版年：2008
- 出版时间：June 2008
- 年：2008
- 卷：92
- 期：5-6
- 页码：1236-1253
- 全文大小：300 K
文摘
This paper explores how the costs of meeting given aggregate targets for pollution emissions change with the imposition of the requirement that key pollution-related industries be compensated for potential losses of profit from the pollution regulation. We apply a numerically solved general equilibrium model to compare the incidence and costs of emissions taxes, fuel (intermediate input) taxes, performance standards and mandated technologies in the absence and presence of this compensation requirement. Compensation is provided either through industry tax credits or industry-specific cuts in capital tax rates.