Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/171697 
Erscheinungsjahr: 
2016
Schriftenreihe/Nr.: 
Economics Working Paper Series No. 16/254
Verlag: 
ETH Zurich, CER-ETH - Center of Economic Research, Zurich
Zusammenfassung: 
We consider a carbon emissions tax announced today, but implemented after a known time-lag. Before implementation, the announcement induces higher emissions than without intervention. In welfare terms, this adverse announcement effect could more than outweigh the gain after tax implementation. We quantify a ‘critical lag’ such that a shorter (longer) implementation lag is a welfare gain (loss) over nointervention. We identify resource scarcity as the main driver for a short critical lag. The model is a global Ramsey Model extended by an exhaustible carbon resource and linked to a climate model.
Schlagwörter: 
Climate Policy
Announcement Effect
Dynamic General Equilibrium
Non-renewable Resource
Backstop
Green Paradox
Welfare Evaluation
JEL: 
E21
E32
F44
G21
G28
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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