登入選單

返回Google圖書搜尋

Sustainability Policy and Environmental Policy

John C.V Pezzey

出版	SSRN, 2014
URL	http://books.google.com.hk/books?id=av_dzwEACAAJ&hl=&source=gbs_api

註釋

A theoretical, representative-agent economy with a depletable resource stock, polluting emissions and productive capital is used to contrast environmental policy, which internalises externalised environmental values, with sustainability policy, which achieves some form of intergenerational equity. The obvious environmental policy comprises an emissions tax and a resource stock subsidy, each equal to the respective external cost or benefit. Sustainability policy comprises an incentive affecting the choice between consumption and investment, and can be a consumption tax, capital subsidy or investment subsidy, or a combination thereof. Environmental policy can reduce the strength of the sustainability policy needed. More specialised results are derived in a small open economy with no environmental effects on utility.