GHG Emissions, Lobbying, Free-Riding, and Technological Change

Tutkimustuotos: Kirja/raporttiKirjaTieteellinenvertaisarvioitu

Abstrakti

This document examines GHG emission policy in a world where labor and emissions are complementary in production, world-wide emissions decrease welfare, and total factor productivity can be locally improved by devoting labor to R&D. A subset of the countries can establish an “abatement coalition” where an international agency grants non-traded or traded GHG permits. This agency is self-interested, subject to lobbying, and has no budget of its own. The results are the following. The establishment of the “abatement coalition” enhances welfare, promotes economic growth and diminishes emissions both inside and outside the coalition. Without technological change, emission permit trade does not make any difference. With technological change due to R&D, the agreement with emission permit trade is Pareto worsening.
Alkuperäiskielienglanti
KustantajaHelsinki Center of Economic Research
Sivumäärä28
TilaJulkaistu - 18 joulukuuta 2011
OKM-julkaisutyyppiC1 Kustannettu tieteellinen erillisteos

Julkaisusarja

NimiHECER Discussion Paper 340
KustantajaHelsinki Center of Economic Research
ISSN (elektroninen)1795-0562

Tieteenalat

  • 511 Kansantaloustiede

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