Optimal Taxes on Fossil Fuel in General Equilibrium

By Mikhail Golosov, John Hassler, Per Krusell, Aleh Tsyvinski. 2011

946 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/3350997128f9ada3159ec34ccc6bf63f03cab43b

How researchers see this paper

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Citations in the corpus

Estimates of the Social Cost of Carbon: Concepts and Results from the DICE-2013R Model and Alternative Approaches (2014, neutral): “An excellent example of this is Golosov et al. (2014).”
The Economic Geography of Global Warming (2021, methodology): “Golosov et al. (2014) proposes that energy from fossil fuels is a CES composite of coal, natural gas, and oil, with elasticity of substitution of 1.11, which corresponds to the unweighted average of the elasticity of substitution between coal and oil, coal and natural gas, and oil and natural gas,…”
The Environment and Directed Technical Change (2012, neutral): “Innovation can occur in the clean sector only (i.e., it could be an equilibrium for innovation to be only in the clean sector, which equivalently implies sdt = 1 and sct = 0).”
Faraway, So Close: Coupled Climate and Economic Dynamics in an Agent-based Integrated Assessment Model (2018, neutral): “…and mitigation policies is commonly performed in climate economics by relying on integrated assessment models (IAMs), 3 which add a simple carbon cycle module to a computable general equilibrium barebone (e.g. Nordhaus, 1992; Tol, 1997; Hope, 2006; Bosetti et al., 2006; Golosov et al., 2014).”
Transition to Clean Technology (2016, methodology): “We follow Golosov et al. (2011) in assuming that the atmospheric carbon concentration St is determined as follows”
The Economic Impacts of Climate Change (2018, background): “The equilibrium temperature is logarithmic in the atmospheric concentration, so Golosov et al. (2014) assume that impact is proportional to the exponent of the exponent of temperature.”
On the spatial economic impact of global warming (2015, neutral): “In between those two extremes, Golosov et al. (2011) follow Archer (2005) and propose a carbon cycle in which about 20% of emissions stay in the atmosphere forever, whereas the remaining part decays over time.”
Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry (2012, neutral): “Recently, Golosov et al. ð2014Þ have extended this literature by solving for the optimal policy in a full dynamic stochastic general equilibrium framework.”