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Taxing Carbon under Market Incompleteness

Valentina Bosetti () and Marco Maffezzoli

No 158665, Climate Change and Sustainable Development from Fondazione Eni Enrico Mattei (FEEM)

Abstract: 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)
Pages: 29
Date: 2013-09
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https://ageconsearch.umn.edu/record/158665/files/NDL2013-072.pdf (application/pdf)

Related works:
Working Paper: Taxing Carbon under Market Incompleteness (2014) Downloads
Working Paper: Taxing Carbon under Market Incompleteness (2013) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:feemcl:158665

DOI: 10.22004/ag.econ.158665

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