Tax-versus-trading and efficient revenue recycling as issues for greenhouse gas abatement
We give empirical welfare results for global greenhouse gas emission abatement, using the first multi-party model to include both tax-versus-trading under uncertainties, and revenue recycling. Including multiple, independent parties greatly reduces the welfare advantage of an emissions tax over emissions (permit) trading in handling abatement-cost uncertainties, from that shown by existing, single-party literature. But a previously ignored and much bigger advantage of a tax, from better...[Show more]
|Collections||ANU Research Publications|
|Source:||Journal of Environmental Economics and Management|
|01_Pezzey_Tax-versus-trading_and_2012.pdf||118.76 kB||Adobe PDF||Request a copy|
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