Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/123112 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
ifo Working Paper No. 204
Verlag: 
ifo Institute - Leibniz Institute for Economic Research at the University of Munich, Munich
Zusammenfassung: 
We analyze the effects of an announced future carbon tax increase on the extraction behaviorof a monopolistic supplier of a scarce fossil energy resource like oil in a two country, two periodgeneral equilibrium model with symmetric and homothetic preferences and no extractioncosts. Based on the monopolist’s strategic consideration of the interplay between the resourceand the capital market, and especially of the effects of the extraction decision on the returnon petrodollar financed capital investments we identify and analyze a new channel for thereversal of the green paradox, a major concern regarding carbon taxation. We employ a numericalsimulation and a sensitivity analysis with regard to the model parameters to evaluatethe prevalence of such a reversal of the green paradox and find that it robustly arises undera wide range of reasonable parameter settings.
Schlagwörter: 
green paradox
monopoly
fossil energy resources
general equilibrium
capital market
JEL: 
D90
H20
Q31
Q38
Dokumentart: 
Working Paper

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