动态环境中的可交易绩效标准

IF 2.6 3区 经济学 Q1 ECONOMICS
Jonathon M. Becker
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引用次数: 2

摘要

作为减排政策目标的许多经济部门都表现出价格响应型需求、长期资本、产能限制和前瞻性决策。我使用分析和数值平衡模型探讨了这些特征如何影响可交易绩效标准(TPS)的效率和动态。虽然我表明,这些动态考虑本身并不会导致与现有的关于TPS相对于第一最佳政策的整体效率和成本效益的理论相冲突,但它们确实会影响过渡路径和稳定状态。最值得注意的是,在除最小贴现率外的所有贴现率下,TPS可以导致比同等排放上限更具成本效益的过渡后稳定状态。考虑到脱碳带来的代际转变,这一结果表明,当前和未来的一些消费者可能更喜欢TPS而不是排放上限。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Tradable performance standards in a dynamic context

Many sectors of the economy that are targets of emissions reduction policy exhibit price-responsive demand, long-lived capital, capacity constraints, and foresighted decision-making. I explore how these features affect the efficiency and dynamics of tradable performance standards (TPS) using analytical and numerical equilibrium models. While I show these dynamic considerations alone do not lead to conflicts with existing theory on the overall efficiency and cost-effectiveness of the TPS relative to a first-best policy, they do affect the transition path and steady state. Most notably, under all but the smallest discount rates, the TPS can lead to a more cost-effective post-transition steady state than the equivalent emissions cap. Given the intergenerational transition that comes with decarbonization, this result suggests some classes of present and future consumers may prefer a TPS to an emissions cap.

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来源期刊
CiteScore
5.40
自引率
0.00%
发文量
41
期刊介绍: Resource and Energy Economics provides a forum for high level economic analysis of utilization and development of the earth natural resources. The subject matter encompasses questions of optimal production and consumption affecting energy, minerals, land, air and water, and includes analysis of firm and industry behavior, environmental issues and public policies. Implications for both developed and developing countries are of concern. The journal publishes high quality papers for an international audience. Innovative energy, resource and environmental analyses, including theoretical models and empirical studies are appropriate for publication in Resource and Energy Economics.
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