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Full-Text Articles in Social and Behavioral Sciences
Leakage, Welfare And Cost-Effectiveness Of Carbon Policy, Kathy Baylis, Don Fullerton, Daniel Karney
Leakage, Welfare And Cost-Effectiveness Of Carbon Policy, Kathy Baylis, Don Fullerton, Daniel Karney
Kathy Baylis
We extend the model of Fullerton, Baylis, and Karney (2012 working paper) to explore cost-effectiveness of unilateral climate policy in the presence of leakage. We ignore the welfare gain from reducing greenhouse gas emissions and focus on the welfare cost of the emissions tax or permit scheme. Whereas that prior paper solves for changes in emissions quantities and finds that leakage maybe negative, we show here that all cases with negative leakage in that model are cases where a unilateral carbon tax results in a welfare loss. With positive leakage, however, a unilateral policy can improve welfare.
Bridging Vs. Bonding Social Capital And The Management Of Common Pool Resources, Kathy Baylis, Yazhen Gong, Shun Wang
Bridging Vs. Bonding Social Capital And The Management Of Common Pool Resources, Kathy Baylis, Yazhen Gong, Shun Wang
Kathy Baylis
Social capital can facilitate community governance, but not all social capital is alike. We distinguish bonding social capital (within a village) from bridging social capital (between villages), and we compare their effects on the management of a common pool resource. We develop a theoretical model and show that bonding social capital can improve common pool resource management, while the effect of bridging social capital is mixed. We test these findings using primary data from Yunnan, China on social capital and firewood collection on communal lands. We find that bonding social capital decreases the consumption of the common pool resource, and …