A Stock Targeting International Carbon-Tax Rule with Uncertainty and Diminishing Compliance

Amnon Levy

Economics Working Papers from School of Economics, University of Wollongong, NSW, Australia

Abstract: This paper develops a rule for setting periodically and internationally a carbon-dioxide atmospheric stock limiting tax in a world inhabited by expected utility maximizing stakeholders facing diminishing mean and increasing variance of their output level due to climate change. The stakeholders are classified as poor, hence unable and/or unwilling to pay, countries and rich countries. Due to ideological and cultural differences, the rich countries' willingness to pay the tax is not identical. Consequently, the number of complying rich countries diminishes with the tax level.

Keywords: Economics; Carbon-Dioxide Stock; Climate Change; Uncertainty; Carbon Tax; International Compliance (search for similar items in EconPapers)
JEL-codes: Q52 Q54 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2011
New Economics Papers: this item is included in nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.uow.edu.au/content/groups/public/@web/@ ... ts/doc/uow114609.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow114609.pdf [301 Moved Permanently]--> https://www.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow114609.pdf [301 Moved Permanently]--> https://documents.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow114609.pdf)

Related works:
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:uow:depec1:wp11-09

Access Statistics for this paper

More papers in Economics Working Papers from School of Economics, University of Wollongong, NSW, Australia School of Economics, University of Wollongong, Northfields Avenue, Wollongong NSW 2522 Australia. Contact information at EDIRC.
Bibliographic data for series maintained by Peter Siminski ( this e-mail address is bad, please contact ).