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Taxing Carbon under Market Incompleteness

Valentina Bosetti () and Marco Maffezzoli ()

No 2013.72, Working Papers from Fondazione Eni Enrico Mattei

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: Carbon Tax; Double Dividend; Heterogeneous Agents Model (search for similar items in EconPapers)
JEL-codes: Q58 Q54 E2 (search for similar items in EconPapers)
Date: 2013-09
New Economics Papers: this item is included in nep-ene, nep-env, nep-mac, nep-reg and nep-res
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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:fem:femwpa:2013.72

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