Taxing Carbon under Market Incompleteness
Valentina Bosetti () and
No 158665, Climate Change and Sustainable Development from Fondazione Eni Enrico Mattei (FEEM)
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.
Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
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Working Paper: Taxing Carbon under Market Incompleteness (2014)
Working Paper: Taxing Carbon under Market Incompleteness (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:feemcl:158665
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