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| Parry, Ian W.H.; Sigman, Hilary; Walls, Margaret; Williams, Roberton C., III. |
| This paper reviews theoretical and empirical literature on the household distribution of the costs and benefits of pollution control policies, and ways of integrating distributional issues into environmental cost-benefit analysis. Most studies find that policy costs fall disproportionately on poorer groups, though this is less pronounced when lifetime income is used, and policies affect prices of inputs used pervasively across the economy. The policy instrument itself is also critical; freely allocated emission permits may hurt the poor the most, as they transfer income to shareholders via scarcity rents created by higher prices, while emissions taxes offer opportunities for progressive revenue recycling. And although low-income households appear to bear a... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Distributional incidence; Emissions taxes; Tradable permits; Environmental benefits; Distributional weights; Environmental Economics and Policy; Q52; Q58; H22. |
| Ano: 2005 |
URL: http://purl.umn.edu/10651 |
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| Goulder, Lawrence H.; Parry, Ian W.H.; Williams, Roberton C., III; Burtraw, Dallas. |
| This paper employs analytical and numerical general equilibrium models to examine the costs of achieving pollution reductions under a range of environmental policy instruments in a second-best setting with pre-existing factor taxes. We compare the costs and overall efficiency impacts of emissions taxes, emissions quotas, fuels taxes, performance standards, and mandated technologies, and explore how costs change with the magnitude of pre-existing taxes and the extent of pollution abatement. We find that the presence of distortionary taxes raises the costs of pollution abatement under each instrument relative to its costs in a first-best world. This extra cost is an increasing function of the magnitude of pre-existing tax rates. For plausible values of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: General equilibrium efficiency analysis; Environmental instrument choice; Second-best regulation; Environmental Economics and Policy; D58; H21; L51. |
| Ano: 1998 |
URL: http://purl.umn.edu/10522 |
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