The Optimal Time Path of a Carbon Tax
AbstractThe authors analyze the optimal time path of a carbon tax when it is recognized that global warming damages are related to the atmospheric stock of CO[subscript]2 and that the stock of fossil fuels is exhaustible. The authors show that some factors cause the carbon tax to rise while others cause it to fall, so no general analytical result emerges. Numerical results suggest that a carbon tax should initially rise and then fall. This contradicts the findings of P. Sinclair (1992), who argued that a carbon tax should be falling; the authors show that this result depends on some implausible features of his model. Copyright 1994 by Royal Economic Society.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Economic Papers.
Volume (Year): 46 (1994)
Issue (Month): 0 (Supplement Oct.)
Contact details of provider:
Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Fax: 01865 267 985
Web page: http://oep.oupjournals.org/
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page. reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.