| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27781 |
| 来源ID | Working Paper 27781 |
| Using Taxes to Meet an Emission Target | |
| Robert I. Harris; William A. Pizer | |
| 发表日期 | 2020-09-07 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | A sizeable number of papers beginning with Roberts and Spence (1976) have studied the use of price floors and ceilings (or “collars”) to manage prices in tradable permit markets. In contrast, economists have only recently begun examining polices to manage quantities under a pollution tax. Importantly, it can be difficult to know how to evaluate these policies, as papers dating back to Pizer (2002) suggest welfare is maximized by not focusing on quantities in the first place. In this paper, we propose an objective function to evaluate these alternative “carbon tax policies to meet an emission target.” The objective function includes a discrete jump in marginal emission consequences at the target, where the discontinuity can be interpreted as a true benefit measure or a necessary political constraint. We parameterize these emission consequences using recent legislative proposals, coupling this function with mitigation cost estimates to define the complete objective. This objective identifies the first-best tax policy design, one that requires relatively complex adjustments to mimic a tradable permit system. Turning to simpler, practical rules, we find that such rules achieve much of the difference in expected net benefits between an ordinary, exogenous tax and the first-best tax policy design. However, the ranking among simple rules depends on the interpretation of the higher, above-target emission penalty as a political constraint or a true benefit measure. We find that making these views explicit could facilitate billions of dollars per year in welfare gains. |
| 主题 | Public Economics ; Taxation ; Environmental and Resource Economics ; Environment |
| URL | https://www.nber.org/papers/w27781 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585452 |
| 推荐引用方式 GB/T 7714 | Robert I. Harris,William A. Pizer. Using Taxes to Meet an Emission Target. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27781.pdf（690KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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