| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Price versus Quantities versus Indexed Quantities | |
| Frédéric Branger; Philippe Quirion | |
| 发表日期 | 2014 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We develop a stochastic model to rank different policies (tax, fixed cap and relative cap) according to their expected total social costs. Three types of uncertainties are taken into account: uncertainty about abatement costs, business-as-usual (BAU) emissions and future economic output (the two latter being correlated). Two parameters: the ratio of slopes of marginal benefits and marginal costs, and the above-mentioned correlation, are crucial to determine which instrument is preferred. When marginal benefits are relatively flatter than marginal costs, prices are preferred over fixed caps (Weitzman’s result). When the former correlation is higher than a parameter- dependent threshold, relative caps are preferred to fixed caps. An intermediate condition is found to compare the tax instrument and the relative cap. The model is then empirically tested for seven different regions (China, the United States, Europe, India, Russia, Brazil and Japan). We find that tax is preferred to caps (absolute or relative) in all cases, and that relative caps are preferred to fixed caps in the US and emerging countries (except Brazil where it is ambiguous), whereas fixed cap are preferred to relative cap in Europe and Japan. *** Suggested citation: Branger, F., P. Quirion, (2014), 'Price versus Quantities versus Indexed Quantities' , Nota di Lavoro 85.2014, Milan, Italy: Fondazione Eni Enrico Mattei |
| 特色分类 | Q5;Q58 |
| 关键词 | Instrument Price Quantity Intensity Target Regulation post-Kyoto Uncertainty Climate Policy |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/price-versus-quantities-versus-indexed-quantities/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/118219 |
| 推荐引用方式 GB/T 7714 | Frédéric Branger,Philippe Quirion. Price versus Quantities versus Indexed Quantities. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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