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Taxes and quotas for a Stock Pollutant with Multiplicative Uncertainty: A Comment

Author

Listed:
  • Fidel Gonzalez

    (Economics Centro de Investigacion y Docencia Economica)

Abstract

In this essay, it is shown that in the Hoel and Karp (2001) model of global warming, the optimal response of taxes for a stock pollutant with mutiplicative uncertainty is opposite when the control variable is pollution taxes instead of emissions. In this case, the election of control variable implies different information assumptions about the firm's reaction to emission taxes. The results in both cases are driven by the nature of the policy maker´s preferences

Suggested Citation

  • Fidel Gonzalez, 2005. "Taxes and quotas for a Stock Pollutant with Multiplicative Uncertainty: A Comment," Computing in Economics and Finance 2005 364, Society for Computational Economics.
    • Handle: RePEc:sce:scecf5:364
    as

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    More about this item

    Keywords

    Pollution Control; Multiplicative Disturbances; Stochastic Control;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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