Taxes versus permits as incentive for the intertemporal supply of a clean technology by a monopoly

Resource and Energy Economics

Volumn 36, Issue 1, 2014, Pages 248-269

  Wirl, Franz ^a  

^a UNIVERSITY OF VIENNA   (Austria)

Author keywords

Dynamic game; External costs; Lack of commitment; Non competitive supply; Taxes versus permits

Indexed keywords

CLEAN TECHNOLOGIES; DYNAMIC GAME; DYNAMIC SETTINGS; EMISSION PERMITS; EMISSION TAXES; EXTERNAL COSTS; LACK OF COMMITMENT; NON-COMPETITIVE SUPPLY;

COMPETITION; COSTS; TAXATION;

TECHNOLOGY;

INCENTIVE; MONOPOLY; PRICE DYNAMICS; TAX SYSTEM; WELFARE ECONOMICS;

EID: 84892993084     PISSN: 09287655     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.reseneeco.2013.05.005     Document Type: Article

References (31)

1. Acemoglu D., Aghion P., Bursztyn L., Hemous D. The environment and directed technical change. American Economic Review 2012, 102:131-166.
2. Geoffrey B., Buchanan J.M. The Power to Tax: Analytical Foundations of a Fiscal Constitution 1980, Cambridge University Press, Cambridge.
3. Dockner E.J., Jorgensen S., van Long N., Sorger G. Differential Games in Economics and Management Science 2000, Cambridge University Press, Cambridge.
4. Gerlach R. Too much oil, keynote lecture. CESifo Conference 2009.
5. Hoel M. Monopoly resource extractions under the presence of predetermined substitute production. Journal of Economic Theory 1983, 30:201-212.
6. Hotelling H. The economics of exhaustible resources. Journal of Political Economy 1931, 39:137-175.
7. Hörner J., Kamien M. Coase and hotelling: a meeting of the minds. Journal of Political Economy 2004, 112:718-723.
8. Karp L.S., Livernois J. On efficiency-inducing taxation for a non-renewable resource monopolist. Journal of Public Economics 1992, 49:219-239.
9. Karp L.S., Zhang J. Taxes versus quantities for a stock pollutant with endogenous abatement costs and asymmetric information. Economic Theory 2012, 49:371-409.
10. Karp L., Sidiqui S., Strand J. Climate Policy with Dynamic Fossil Fuel Markets: Prices Versus Quotas 2011, mimeo, UC Berkeley.
11. Kydland F., Prescott E. Rules rather than discretion: the inconsistency of optimal plans. Journal of Political Economy 1977, 85:473-493.
12. Liski M., Montero J.-P. On Coase and Hotelling 2009, mimeo.
13. Liski M., Tahvonen O. Can carbon tax eat OPEC's rents?. Journal of Environmental Economics and Management 2004, 47:1-12.
14. Laffont J.-J., Tirole J. Pollution permits and environmental innovation. Journal of public Economics 1996, 62:127-140.
15. Maskin E.S., Newbery D.M. Disadvantageous oil tariffs and dynamic consistency. American Economic Review 1990, 80:143-156.
16. Montero J.-P. A note on environmental policy and innovation when governments cannot commit. Energy Economics 2011, 33:S13-S19.
17. Rubio S., Esriche L. Strategic pigouvian taxation, stock externalities, and polluting nonrenewable resources. Journal of Public Economics 2001, 79:297-313.
18. Sinn H.-W. Public policies against global warming. International Tax and Public Finance 2008, 15:360-394.
19. Smulders S., Tsur Y., Zemel A. Announcing climate policy: can a green paradox arise without scarcity?. Presented at WCERE Montreal 2010.
20. Stiglitz J.E., Dasgupta P. Strategic considerations in invention and innovation: the case of natural resources. Econometrica 1983, 51:1439-1448.
21. Strand J. Optimal fossil-fuel taxation with backstop technologies and tenure risk. Energy Economics 2010, 32:418-422.
22. Strand J. Taxes and caps as climate policy instruments with domestic and imported fuels. The World Bank, Policy Research Paper 5171 2010.
23. Strand J. Taxes versus Cap and Trade in Climate Policy When only some Importer Abate 2010, The World Bank, Washington.
24. Tahvonen O. Trade with polluting nonrenewable resources. Journal of Environmental Economics and Management 1996, 30:1-17.
25. van der Ploeg F., Withagen C. Is there really a green paradox?. Technical Report, OxCarre Research Paper 35 2009.
26. Weitzman Martin L. Prices vs. quantities. Review of Economic Studies 1974, 41:477-491.
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. Can leviathan governments mitigate the tragedy of the commons?. Public Choice 1996, 87:363-378.
29. Wirl F. Taxing incumbent monopoly to foster entry. Energy Economics 2011, 33:388-398.
30. Wirl F. Global warming: prices versus quantities from a strategic point of view. Journal of Environmental Economics and Management 2012, (in press).
31. Wirl F., Dockner E.J. Leviathan governments and carbon taxes: costs and potential benefits. European Economic Review 1995, 39:1215-1236.