| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25235 |
| 来源ID | Working Paper 25235 |
| Bankable Prices | |
| Garth Heutel | |
| 发表日期 | 2018-11-12 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Allowing emissions permits to be banked and borrowed over time can yield efficiency gains. I develop a model to demonstrate that banking and borrowing can also be allowed for a price policy. I compare expected welfare between price and quantity policies, with and without banking, under several different scenarios regarding uncertainty. A bankable policy can provide an efficiency improvement by allowing for smoothing of costs, though it does not necessarily dominate a policy that does not allow banking. The ranking of prices vs. quantities and of bankability vs. non-bankability depends on both the slopes of marginal costs and benefits and on the specification of uncertainty. |
| 主题 | Microeconomics ; Welfare and Collective Choice ; Public Economics ; Taxation ; Environmental and Resource Economics ; Environment |
| URL | https://www.nber.org/papers/w25235 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/582909 |
| 推荐引用方式 GB/T 7714 | Garth Heutel. Bankable Prices. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25235.pdf（740KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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