Can subsidies rather than pollution taxes break the trade-off between economic output and environmental protection?
(2020)
Journal Article
Renström, T. I., Spataro, L., & Marsiliani, L. (2021). Can subsidies rather than pollution taxes break the trade-off between economic output and environmental protection?. Energy Economics, 95, Article 105084. https://doi.org/10.1016/j.eneco.2020.105084
We build a general equilibrium dynamic model in which individual investors are endowed with “warm-glow” preferences a la Andreoni (1990) so that they feel partly responsible for the pollution content of their portfolio. Through investors’ portfolio c... Read More about Can subsidies rather than pollution taxes break the trade-off between economic output and environmental protection?.