Thinking Local but Acting Global?

Pittel, Karen und Rübbelke, Dirk T. G. (2017): Thinking Local but Acting Global? The Interplay Between Local and Global Internalization of Externalities. In: Buchholz, Wolfgang und Rübbelke, Dirk T. G. (Hrsg.): The Theory of Externalities and Public Goods. Essays in Memory of Richard Cornes. Heidelberg; Berlin: Springer. S. 271-297

Abstract

The paper analyzes the implications of local and global pollution when two types of abatement activities can be undertaken. One type reduces solely local pollution (e.g., use of particulate matter filters) while the other mitigates global pollution as well (e.g., application of fuel saving technologies). In the framework of a 2-country endogenous growth model, the implications of different assumptions about the degree to which global externalities are internalised are analysed. Subsequently, we derive policy rules adapted to the different scenarios.

• Dokumententyp: Buchbeitrag
• Keywords: Local Externality; Local Pollution; Balance Growth Path; Abatement Activity; Global Pollution
• Fakultät: Volkswirtschaft > Lehrstühle > CESifo-Professur für Energie, Klima
• Themengebiete: 300 Sozialwissenschaften > 330 Wirtschaft
• ISBN: 978-3-319-49442-5; 978-3-319-49441-8
• Ort: Heidelberg; Berlin
• Sprache: Englisch