EconPapers    
Economics at your fingertips  
 

First-and second-best allocations under economic and environmental uncertainty

Konstantinos Angelopoulos, George Economides () and Apostolis Philippopoulos

No 2010-99, SIRE Discussion Papers from Scottish Institute for Research in Economics (SIRE)

Abstract: This paper uses a micro-founded DSGE model to compare second-best optimal environmental policy and the resulting allocation to first-best allocation. The focus is on the source and size of uncertainty, and how this affects optimal choices and the inferiority of second best vis-Ã -vis first best.

Keywords: General equilibrium; uncertainty; environmental policy; second best (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10943/230
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
Journal Article: First-and second-best allocations under economic and environmental uncertainty (2013) Downloads
Working Paper: First-and second-best allocations under economic and environmental uncertainty (2010) Downloads
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: https://EconPapers.repec.org/RePEc:edn:sirdps:230

Access Statistics for this paper

More papers in SIRE Discussion Papers from Scottish Institute for Research in Economics (SIRE) 31 Buccleuch Place, EH8 9JT, Edinburgh. Contact information at EDIRC.
Bibliographic data for series maintained by Research Office ().

 
Page updated 2021-02-26
Handle: RePEc:edn:sirdps:230