Cap-and-trade, taxes, and distributional conflict

MacKenzie, Ian A. and Ohndorf, Markus (2012) Cap-and-trade, taxes, and distributional conflict. Journal of Environmental Economics and Management, 63 1: 51-65. doi:10.1016/j.jeem.2011.05.002

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Author MacKenzie, Ian A.
Ohndorf, Markus
Title Cap-and-trade, taxes, and distributional conflict
Journal name Journal of Environmental Economics and Management   Check publisher's open access policy
ISSN 0095-0696
Publication date 2012-01
Sub-type Article (original research)
DOI 10.1016/j.jeem.2011.05.002
Open Access Status
Volume 63
Issue 1
Start page 51
End page 65
Total pages 15
Place of publication Maryland Heights, MO, United States
Publisher Academic Press
Collection year 2013
Language eng
Abstract Enacting market-based environmental regulation, such as emissions taxes and cap-and-trade programs, often create rents that are contested by agents. In this paper, we create a framework that compares social welfare from alternative market-based environmental policy instruments under the presence of rent seeking. We show that, contrary to the commonly held view, non-revenue-raising instruments (NRRIs) are in many cases preferable over revenue-raising instruments (RRIs). We find that the choice of instrument depends on the size of a potential revenue-recycling effect and the level of preassigned rents.
Keyword Cap-and-trade
Environmental tax
Rent seeking
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Non-UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Non HERDC
School of Economics Publications
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Citation counts: TR Web of Science Citation Count  Cited 11 times in Thomson Reuters Web of Science Article | Citations
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Created: Thu, 08 Nov 2012, 16:21:38 EST by Alys Hohnen on behalf of School of Economics