General Equilibrium Impacts of a Federal Clean Energy Standard

被引：64

作者：

Goulder, Lawrence H. ^{[1
]}

Hafstead, Marc A. C. ^{[2
]}

Williams, Roberton C., III ^{[3
]}

机构：

[1] Stanford Univ, Dept Econ, Landau Econ Bldg,579 Serra Mall, Stanford, CA 94306 USA

[2] Resources Future Inc, 1616 P St NW, Washington, DC 20036 USA

[3] Univ Maryland, Dept Agr & Resource Econ, 2122 Symons Hall, College Pk, MD 20742 USA

来源：

AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY | 2016年 / 8卷 / 02期

关键词：

ADJUSTMENT COSTS; TAXES;

D O I：

10.1257/pol.20140011

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Economists have tended to view emissions pricing (e.g., cap and trade or a carbon tax) as the most cost-effective approach to reducing greenhouse gas emissions. This paper offers a different view. Employing analytical and numerically solved general equilibrium models, it provides plausible conditions under which a more conventional form of regulation-namely, the use of a clean energy standard (CES)-is more cost-effective. The models reveal that the CES distorts factor markets less because it is a smaller implicit tax on factors of production. This advantage more than offsets the disadvantages of the CES when minor emissions reductions are involved.

引用

页码：186 / 218

页数：33