EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/30723
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorHoel, Michaelen_US
dc.date.accessioned2010-03-11en_US
dc.date.accessioned2010-05-14T08:26:29Z-
dc.date.available2010-05-14T08:26:29Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/30723-
dc.description.abstractIf investors fear that future carbon taxes will be lower than currently announced by policy makers, long-run investments in greenhouse gas mitigation may be smaller than desirable. On the other hand, owners of a non-renewable carbon resource that underestimate future carbon taxes will postpone extraction compared with what they would have chosen had the policymakers been able to commit to the optimal tax path. If extraction costs rise rapidly as accumulated extraction rises, near-term emissions increase as a consequence of a downward bias in the expected future carbon taxes. Whether investments in greenhouse gas mitigation go up or down due to the expectation error depends on the time profile of the returns to the investment.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2966en_US
dc.subject.jelH23en_US
dc.subject.jelQ30en_US
dc.subject.jelQ42en_US
dc.subject.jelQ54en_US
dc.subject.ddc330en_US
dc.subject.keywordclimate changeen_US
dc.subject.keywordexhaustible resourcesen_US
dc.subject.keywordcarbon taxen_US
dc.subject.stwKlimaveränderungen_US
dc.subject.stwÖkosteueren_US
dc.subject.stwOptimale Besteuerungen_US
dc.subject.stwFossiler Energieträgeren_US
dc.subject.stwKohlendioxiden_US
dc.subject.stwTreibhausgasen_US
dc.subject.stwTheorieen_US
dc.titleClimate change and carbon tax expectationsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn620940026en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

Files in This Item:
File Description SizeFormat
620940026.pdf172.65 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.