Taxing Carbon under Market Incompleteness
Valentina Bosetti () and
Marco Maffezzoli ()
No 2013.72, Working Papers from Fondazione Eni Enrico Mattei
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)
New Economics Papers: this item is included in nep-ene, nep-env, nep-mac, nep-reg and nep-res
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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:fem:femwpa:2013.72
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