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Articles 1 - 5 of 5
Full-Text Articles in Social and Behavioral Sciences
Uncertainty, Daniel A. Farber
Uncertainty, Daniel A. Farber
Daniel A Farber
The article discusses environmental risks and uncertainties and the current approaches to risk assessment. It is said that conventional risk assessment is a powerful methodology, but over-reliance on it can lead to a failure to acknowledge any risks that do not lend themselves to the technique. Uncertainties can be associated with fat-tailed distributions.
Cost E#11;Ffectiveness Of Unilateral Carbon Policy, Kathy Baylis, Don Fullerton, Daniel H. Karney
Cost E#11;Ffectiveness Of Unilateral Carbon Policy, Kathy Baylis, Don Fullerton, Daniel H. Karney
Daniel H Karney
This paper makes several contributions. First, we demonstrate the generality of the Fullerton, Karney, and Baylis (2012) model by showing cases where leakage can exceed 100 percent. We solve for conditions under which total emissions increase or decrease. We also solve for welfare effects, and for “cost effectiveness” (the additional welfare cost per ton of net abatement). And we explore the relationship between the sign of leakage and the sign of the effect on welfare.
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.
Multiple Pollutants, Unovered Sectors, And Suboptimal Environmental Policies, Daniel Karney, Don Fullerton
Multiple Pollutants, Unovered Sectors, And Suboptimal Environmental Policies, Daniel Karney, Don Fullerton
Daniel H Karney
In our analytical general equilibrium model where two polluting inputs can be substitutes or complements in production, we study the effects of a tax on one pollutant in two cases: one where both pollutants face taxes and the second where the other pollutant is subject to a permit policy. In each case, we solve for closed-form solutions that highlight important parameters. We demonstrate two important ways that environmental taxes and permits are not equivalent. First, the change in the pollutant facing a tax increase depends on whether the other pollutant is subject to a tax or permit policy. Second, if …
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 …