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Investment subsidies and time-consistent environmental policy
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Abrego, Lisandro and Perroni, Carlo (1999) Investment subsidies and time-consistent environmental policy. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.533).
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Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
We describe a model of dynamic poluution abatement choices with heterogeneous agents, where, due to the presence of a distributional objective and to the absence of incentive-compatible compensation mechanisms, the choice of a second-best level of emission taxation is time-inconsistent. In this model, we investigate whether investment subsidies can act as a substitute for policy commitment.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
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Subjects: | H Social Sciences > HJ Public Finance | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | Pollution -- Taxation, Environmental impact charges, Pollution prevention, Investments | ||||
Series Name: | Warwick economic research papers | ||||
Publisher: | University of Warwick, Department of Economics | ||||
Place of Publication: | Coventry | ||||
Official Date: | June 1999 | ||||
Dates: |
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Number: | No.533 | ||||
Number of Pages: | 22 | ||||
Institution: | University of Warwick | ||||
Status: | Not Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
Description: | First draft, December 1997; this version, June 1999 |
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Funder: | Economic and Social Research Council (Great Britain) (ESRC) |
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