Arbeitspapier

Taxing Carbon under Market Incompleteness

This paper is the first attempt, to the best of our knowledge, to study the impact of a carbon tax by means of a heterogeneous agents model. The objectives of the paper are two: i) To assess how the results of a representative agent model compare to those coming from a model accounting for heterogeneity across agents when evaluating aggregate economic and environmental impacts of a carbon tax; ii) To assess the distributional implications of a carbon tax (and equivalent cap) and how they can be mitigated through different recycling schemes or allocations.

Language
Englisch

Bibliographic citation
Series: Nota di Lavoro ; No. 72.2013

Classification
Wirtschaft
Environmental Economics: Government Policy
Climate; Natural Disasters and Their Management; Global Warming
Subject
Carbon Tax
Double Dividend
Heterogeneous Agents Model

Event
Geistige Schöpfung
(who)
Bosetti, Valentina
Maffezzoli, Marco
Event
Veröffentlichung
(who)
Fondazione Eni Enrico Mattei (FEEM)
(where)
Milano
(when)
2013

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Bosetti, Valentina
  • Maffezzoli, Marco
  • Fondazione Eni Enrico Mattei (FEEM)

Time of origin

  • 2013

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