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- W230878181 abstract "Besides benchmark data and parameter values, the model structure is key in explaining results of an applied general equilibrium model. This paper compares five alternative specifications of the computable general equilibrium model developed by Wissema and Dellink (2007a, 2007b), which simulates implementation of carbon taxation and an auctioned emission permits system in Ireland using different revenue recycling methods through endogenous taxes and transfers. These alternative specifications involve endogenous labour supply, the LES, the production structure concerning labour, capital and energy, an assumption that trading partners implement similar policies and the place of peat in the production function for electricity generation. We show the importance of modelling these features differently in a CGE model and evaluate the robustness of the model." @default.
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- W230878181 date "2007-01-01" @default.
- W230878181 modified "2023-09-27" @default.
- W230878181 title "Comparison of alternative AGE model specifications for simulations of climate change policy instruments" @default.
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