Global warming: Prices versus quantities from a strategic point of view

Journal of Environmental Economics and Management

Volumn 64, Issue 2, 2012, Pages 217-229

  Wirl, Franz ^a  

^a UNIVERSITY OF VIENNA   (Austria)

Author keywords

Carbon taxes versus permits; Differential games; Global warming; Nash and Stackelberg; Prices versus quantity

Indexed keywords

CARBON TAXES; DIFFERENTIAL GAMES; DYNAMIC GAME; FIRST MOVER ADVANTAGES; PRICE STRATEGIES; PRICES VERSUS QUANTITY; STACKELBERG; TAX POLICIES;

FOSSIL FUELS; GLOBAL WARMING; INSTRUMENTS;

COSTS;

ENVIRONMENTAL TAX; FOSSIL FUEL; GLOBAL WARMING; MARKOV CHAIN; OPEC; POLLUTION TAX; PRICING POLICY; TAX REFORM;

EID: 84865174212     PISSN: 00950696     EISSN: 10960449     Source Type: Journal    
DOI: 10.1016/j.jeem.2011.11.002     Document Type: Article

References (30)

1. Basar T., Olsder G.J. Dynamic Noncooperative Game Theory 1982, Academic Press, London.
2. V. Bosetti, D.G. Victor, Politics and Economics of Second Best Regulation of Greenhouse Gases: The Importance of Regulatory Credibility, Mimeo (FEEM Working Paper), 2010.
3. A. D'Amato, B. Dijkstra, A Note on Price vs Quantities Under Multiplicative Uncertainty, Presented at Fourth World Congress of Environmental and Resource Economists, Montreal, Canada, 〈〉, June 28 to July 2, 2010. http://www.webmeets.com/files/papers/WCERE/2010/928/PvQdraftBlind.pdf.
4. Dockner E.J., Jorgensen S., van Long N., Sorger G. Differential Games in Economics and Management Science 2000, Cambridge University Press, Cambridge.
5. Dullieux R., Ragot L., Schubert K. Carbon Tax and OPEC's Rents Under a Ceiling Constraint. Scandinavian Journal of Economics 2011, 113:798-824.
6. Hörner J., Kamien M. Coase and hotelling: a meeting of the minds. Journal of Political Economy 2004, 112:718-723.
7. Im J.-B. Optimal taxation of exhaustible resource under monopoly. Energy Economics 2002, 24:183-197.
8. L. Karp, A Comparison of Tariffs and Quotas in a Strategic Setting, Mimeo, 1988.
9. L. Karp, S. Sidiqui, J. Strand, Climate Policy with Dynamic Fossil Fuel Markets: Prices Versus Quotas, Mimeo, 2011.
10. L. Karp, J. Zhang, Taxes versus quantities for a stock pollutant with endogenous abatement costs and asymmetric information, Economic Theory, , Forthcoming. http://10.1007/s00199-010-0561-y.
11. M. Liski, J.-P. Montero, On Coase and Hotelling, Mimeo, 2009.
12. M. Liski, J.-P. Montero, Market Power in an Exhaustible Resource Market: The Case of Storable Pollution Permits, Mimeo, 2009.
13. Liski M., Tahvonen O. Can carbon tax eat OPEC's rents?. Journal of Environmental Economics and Management 2004, 47:1-12.
14. Maskin E., Newbery D.M. Disadvantageous oil tariffs and dynamic consistency. American Economic Review 1990, 80:143-156.
15. Montero J.P. A note on environmental policy and innovation when governments cannot commit. Energy Economics 2011, 33:S13-S19.
16. Newell R.G., Pizer W.A. Regulating stock externalities under uncertainty. Journal of Environmental Economics and Management 2003, 45:416-432.
17. Pizer W.A. The optimal choice of climate change policy in the presence of uncertainty. Resource and Energy Economics 1999, 21:255-287.
18. Pizer W.A. Combining price and quantity controls to mitigate global climate change. Journal of Public Economics 2002, 85:409-434.
19. Rubio S., Esriche L. Strategic pigouvian taxation, stock externalities, and polluting nonrenewable resources. Journal of Public Economics 2001, 79:297-313.
20. Statistisches Bundesamt Wiesbaden, destatis.de.
21. Strand J. Optimal fossil-fuel taxation with backstop technologies and tenure risk. Energy Economics 2010, 32:418-422.
22. J. Strand, Taxes and Caps as Climate Policy Instruments with Domestic and Imported Fuels, The World Bank, Policy Research Paper 5171, January 2010.
23. J. Strand, Taxes Versus Cap and Trade in Climate Policy When Only Some Importer Abate, The World Bank, October 2010.
24. Tahvonen O. Trade with polluting nonrenewable resources. Journal of Environmental Economics and Management 1996, 30:1-17.
25. Weitzman M.L. Prices vs. quantities. Review of Economic Studies 1974, 41:477-491.
26. Wirl F. Energy pricing when externalities are taxed. Resource & Energy Economics 1993, 15:255-270.
27. Wirl F. Pigouvian taxation of energy for stock and flow externalities and strategic, non-competitive pricing. Journal of Environmental Economics and Management 1994, 26:1-18.
28. Wirl F. Energy prices and carbon taxes under uncertainty about global warming. Environmental and Resource Economics 2007, 36:313-340.
29. Wirl F. OPEC as a political and economical entity. European Journal of Political Economy 2009, 25:399-408.
30. Wirl F., Dockner E. Leviathan governments and carbon taxes: costs and potential benefits. European Economic Review 1995, 39:1215-1236.