Economics at your fingertips  

The Optimal Time Path of a Carbon Tax

Alistair Ulph and David Ulph

Oxford Economic Papers, 1994, vol. 46, issue 0, 857-68

Abstract: The authors analyze the optimal time path of a carbon tax when it is recognized that global warming damages are related to the atmospheric stock of CO[subscript]2 and that the stock of fossil fuels is exhaustible. The authors show that some factors cause the carbon tax to rise while others cause it to fall, so no general analytical result emerges. Numerical results suggest that a carbon tax should initially rise and then fall. This contradicts the findings of P. Sinclair (1992), who argued that a carbon tax should be falling; the authors show that this result depends on some implausible features of his model. Copyright 1994 by Royal Economic Society.

Date: 1994
References: Add references at CitEc
Citations View citations in EconPapers (117) Track citations by RSS feed

Downloads: (external link) ... 0.CO%3B2-N&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

Oxford Economic Papers is currently edited by A. Banerjee and James Forder

More articles in Oxford Economic Papers from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Series data maintained by Oxford University Press ().

Page updated 2017-11-07
Handle: RePEc:oup:oxecpp:v:46:y:1994:i:0:p:857-68