Tradable pollution permits in dynamic general equilibrium: Can optimality and acceptability be reconciled?

被引：7
作者：
Brechet, Thierry [1 ,2 ]
Jouvet, Pierre-Andre [3 ,4 ]
Rotillon, Gilles [3 ]
机构：
[1] Catholic Univ Louvain, CORE, B-1348 Louvain, Belgium
[2] Louvain Sch Management, B-1348 Louvain, Belgium
[3] Univ Paris Ouest Nanterre La Def, EconomiX, Paris, France
[4] Climate Econ Chair, Paris, France
来源：
ECOLOGICAL ECONOMICS | 2013年 / 91卷
关键词：
General equilibrium; Optimal growth; Pollution; Tradable emission permits; Acceptability; TAXATION; WELFARE; PROFITS;
D O I：
10.1016/j.ecolecon.2013.04.004
中图分类号：
Q14 [生态学（生物生态学）];
学科分类号：
071012 ; 0713 ;
摘要：
In this paper we study the dynamic general equilibrium path of an economy and the associated optimal growth path in a two-sector overlapping generation model with a stock pollutant. A sector (power generation) is polluting, and the other (final good) is not. Pollution is regulated by tradable emission permits. The issue is to see whether the optimal growth path can be replicated in equilibrium with pollution permits, given that some permits must be issued free of charge for the sake of political acceptability. We first analyze the many adverse impacts of free allowances, and then we propose a policy rule that allows optimality and acceptability to be reconciled. (C) 2013 Elsevier B.V. All rights reserved.
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页码：89 / 97
页数：9
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