Second-best carbon taxation in the global economy: the green paradox and carbon leakage revisited

Second-best carbon taxation in the global economy: the green paradox and carbon leakage revisited

Acceleration of global warming resulting from a future carbon tax is large if the price elasticities of oil demand are large and that of oil supply is small. The fall in the world interest rate weakens this weak Green Paradox effect, especially if intertemporal substitution is weak. Still, social da...

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Príomhchruthaitheoir:	Van der Ploeg, R
Formáid:	Working paper
Foilsithe / Cruthaithe:	University of Oxford 2015

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