| Authors |
Tsakiris, N., Hatzipanayotou, P. and Michael, M. |
| Title |
Tradable Emission Permits and Strategic Capital Taxation |
| Abstract |
In a model of two large asymmetric countries, we examine the effectiveness of the non-cooperative setting of tradable emission permits in reducing global pollution, under different rules of international taxation of capital earnings. Our key result is that, under certain conditions, the lowest Nash equilibrium level of global pollution is achieved when the policy-mix combines internationally, rather than nationally, tradable emission permits and either capital-tax exemptions or capital-tax credits. |
| Creation Date |
2022-01-10 |
| Keywords |
Emission Permits, Cross-border Pollution, Capital Tax Competition, Capital Tax Rules |
| Classification JEL |
F18, F21, H21 |
| File |
Tradable.Emission.Permits.Strategic.Capital.Taxation.pdf (287111 bytes) |
| File-Function |
First version |
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