Environmental Controls, Scarcity Rents, and Pre-Existing Distortions

By D. Fullerton, Gilbert E. Metcalf. 2001

313 citations recorded by the source corpus.

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

View Paper: https://www.semanticscholar.org/paper/886b70d7532b99fe9ba90490392d603e355254b5

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Citations in the corpus

The MIT Emissions Prediction and Policy Analysis (EPPA) Model: Version 4 (2005, background): “Originally developed by Hyman (2001) the approach and implications for methane abatement are extensively documented in Hyman et al.”
The Double Dividend Hypothesis of Environmental Taxes: A Survey (2003, unknown): “9 Fullerton and Metcalf (2001) have pointed out, however, that it is not necessary that the government raises revenues from environmental policy.”
Strategic quality competition and the Porter Hypothesis (2009, background): “causing benefits to shift from consumers to firms (see [ 6 ] for a general discussion or [12] for”
Neutralizing the Adverse Industry Impacts of Co2 Abatement Policies: What Does it Cost? (2000, unknown): “Some studies—including Poterba (1991), Bull, Hassett, and Metcalf (1994), Schillo et al.”
Is International Emissions Trading Always Beneficial? (2004, unknown): “It is shown that the presence of distortionary taxes raises the costs of pollution abatement under each policy instrument relative to its costs in a first-best (e.g., Fullerton and Metcalf, 1997; Goulder et al. 1998; Parry and Williams, 1999).”
The impact of a carbon tax on economic growth and carbon dioxide emissions in Ireland (2013, background): “Existing taxes and distortions in the labour and capital markets, together with the specific form of the tax reform, determine the ultimate outcome (Fullerton and Metcalf, 2001).”
The General Equilibrium Incidence of Environmental Mandates (2005, unknown): “Fullerton and Metcalf (2001) model a technology restriction as a limit per unit output.”
Impacts of a carbon tax across US household income groups: What are the equity-efficiency trade-offs? (2018, unknown): “However, the importance of transfer income to the source-side impacts and overall welfare impacts in the DH model reinforces the arguments in Fullerton et al. (2011) and Cronin et al.”
Output-Based Allocation of Emissions Permits for Mitigating Tax and Trade Interactions (2007, background): “Fullerton and Metcalf (2001) make the distinction that policies that create scarcity rents (as opposed to policies that raise no revenue) are those that interact with labor tax distortions. good, making goods consumption in general less expensive and real wages higher.”
Implementing greenhouse gas trading in Europe: lessons from economic literature and international experiences (2002, background): “General equilibrium modelling has shown that the most cost-efficient way to allocate permits is to auction them and to use the revenue to cut pre-existing distortionary taxes (e.g. Goulder et al., 1999; Fullerton and Metcalf, 2001).”
Combining rate-based and cap-and-trade emissions policies (2003, background): “6 See, e.g.,Bovenberg and de Mooij (1994), Goulder (1995), Goulder et al. (1997), Fullerton and Gilbert (1997). efficiency and constant emissions; however, the loss in rents from the lower allocation may mean that total surplus in that sector is lower than with the less efficient, adjusted permit…”