Open Access. Powered by Scholars. Published by Universities.®
- Discipline
-
- Economics (1)
- Energy and Utilities Law (1)
- Environmental Health and Protection (1)
- Environmental Law (1)
- Environmental Policy (1)
-
- Environmental Sciences (1)
- Growth and Development (1)
- International Law (1)
- Physical Sciences and Mathematics (1)
- Political Economy (1)
- Public Affairs, Public Policy and Public Administration (1)
- Science and Technology Law (1)
- Science and Technology Policy (1)
- Science and Technology Studies (1)
- Social and Behavioral Sciences (1)
- Sustainability (1)
- Tax Law (1)
- Taxation-Federal (1)
- Torts (1)
- Publication
Articles 1 - 2 of 2
Full-Text Articles in Law
Problems Of Equity And Efficiency In The Design Of International Greenhouse Gas Cap-And-Trade Schemes, Jason S. Johnston
Problems Of Equity And Efficiency In The Design Of International Greenhouse Gas Cap-And-Trade Schemes, Jason S. Johnston
All Faculty Scholarship
This article argues that international greenhouse gas (GHG) cap-and-trade schemes suffer from inherent problems of enforceability and verifiability that both cause significant inefficiencies and create inevitable tradeoffs between equity and efficiency. A standard result in the economic analysis of international GHG cap and trade schemes is that an allocation of initial permits that favors poor, developing countries (making such countries net sellers in equilibrium) may be necessary not only to further redistributive goals but also the efficiency of the GHG cap and trade scheme. This coincidence of equity and efficiency is, however, unlikely to be realized under more realistic assumptions …
Revisiting The Roles Of Legal Rules And Tax Rules In Income Redistribution: A Response To Kaplow & Shavell, Ronen Avraham, David Fortus, Kyle D. Logue
Revisiting The Roles Of Legal Rules And Tax Rules In Income Redistribution: A Response To Kaplow & Shavell, Ronen Avraham, David Fortus, Kyle D. Logue
Articles
The debate over whether legal rules should be used to redistribute resources in society or whether redistribution should be left exclusively to the tax-and-transfer system has long occupied philosophers, political theorists, economists, and legal academicians. For many years, the conventional wisdom on this question among legal scholars seemed to be that blanket generalizations were inappropriate. All systems of redistribution distort individuals' choices and entail administrative costs. Therefore, the argument went, a universal preference for using the tax-and-transfer system to redistribute is not justified. Rather, the choice among institutions to accomplish society's redistributive goals was considered to be "an empirical one …