We extend the literature on global supply chains by analyzing if and how unilateral environmental regulation induces offshoring. We develop an analytical model of two-stage production processes that can be…
Employing a numerical general equilibrium model with multiple fuels, end-use sectors, heterogeneous households, and transport externalities, this paper examines three motives for differentiated carbon pricing in…
Economy-energy equilibrium models have emerged as a dominant tool to investigate future pathways taking into account technological aspects, economic behavior, markets, and policy. A challenge for any model is to…
We examine the lifetime incidence and intergenerational distributional effects of an economy-wide carbon tax swap using a numerical dynamic general equilibrium model with overlapping generations of the U.S.…