.png){kind=icon}
返回
Double limit pricing
.png){kind=icon}
OA
AI
DOI：10.1016/j.jeem.2018.03.010.png)
.png){kind=icon}
.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
We study oil extraction by a monopolist who faces demand from a climate-aware and a climate-ignorant region. A renewable, perfect substitute for oil is available at constant unit cost. The climate-aware region uses a carbon tax and a renewables subsidy as policy instruments. Due to heterogeneity in climate policies between regions, the oil price path possibly contains two limit-pricing phases. We specify conditions under which a tightening of climate policies results in lower initial carbon emissions. A renewables subsidy and a carbon tax effectively force the monopolist to sell more oil to the climate-ignorant region, during the stage when demand from the climate-aware region has already vanished. We calibrate the model and numerically investigate climate damage and welfare effects of the policies of the climate aware region. We find that both the carbon tax and a renewables subsidy lower climate damage, even though cumulative emissions are fixed. (C) 2018 Elsevier Inc. All rights reserved.
Keyword:
Limit pricing
Non-renewable resource
Monopoly
Climate policy
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
5.9
论文数:
2.6K
被引数:
1.2W
机构
引用论文
分享收藏Long Integration Time for Accelerating and Decelerating Visual, Tactile and Visuo-tactile Stimuli
PREAI
分享收藏Strategic climate policy with offsets and incomplete abatement: Carbon taxes versus cap-and-trade具有抵消和不完全减排的战略气候政策: 碳税与限额交易OAAI
OAAI分享收藏HB Athens-Georgia [β40(C6)ARG→LYS] in a Danish FamilyHB Athens-Georgia [β40(C6)ARG→LYS] 在一个丹麦家庭中.png)
Hemoglobin
HemoglobinIF0
PREAI
分享收藏Physicochemical analysis of acid–base responses to prolonged moderate exercise in late gestation
PREAI
分享收藏The behavior of crude oil spot and futures prices around OPEC and SPR announcements: An event study perspectiveENERGY ECONOMICS
ENERGY ECONOMICSIF14.2
PREAI
分享收藏分享收藏
查看更多内容