haku: @author Abrego, L. / yhteensä: 1
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| Tekijä: | Abrego, L. Perroni, C. |
| Otsikko: | Investment subsidies and time-consistent environmental policy |
| Lehti: | Oxford Economic Papers
2002 : OCT, VOL. 54:4, p. 617-635 |
| Asiasana: | Environmental policy Pollution control Taxation Investment Subsidies Models |
| Kieli: | eng |
| Tiivistelmä: | This paper describes a model of dynamic pollution abatement choices with heterogeneous agents where, due to the presence of a distributional objective and to the absence of incentive-compatible compensation mechanisms, the choice of a 2nd best level of emission taxation is time-inconsistent. In this model, it is investigated whether investment subsidies can act as a substitute for policy commitment. |
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