| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
The Political economy of environmental policy with overlapping generations
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| Autores: |
Karp, Larry S.
Rezai, Amon
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| Data: |
2012-05-07
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| Ano: |
2012
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| Palavras-chave: |
Open-access resource
Two-sector overlapping generations
Resource tax
Generational conflict
Environmental policy
Dynamic bargaining
Markov perfection
Environmental Economics and Policy
E24
H23
Q20
Q52
Q54
|
| Resumo: |
A two-sector OLG model illuminates previously unexamined intergenerational effects of a tax that protects an environmental stock. A traded asset capitalizes the economic returns to future tax-induced environmental improvements, benefiting the current asset owners, the old generation. Absent a transfer, the tax harms the young generation by decreasing their real wage. Future generations benefit from the tax-induced improvement in environmental stock. The principal intergenerational conflict arising from public policy is between generations alive at the time society imposes the policy, not between generations alive at different times. A Pareto-improving policy can be implemented under various political economy settings.
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| Tipo: |
Working Paper
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/123718
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| Relação: |
University of California, Berkeley>Department of Agricultural and Resource Economics>CUDARE Working Papers
CUDARE Working Papers
1128
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| Formato: |
45
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