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- W2962741824 abstract "We use field-level cost estimates of all oil and natural gas fields to highlight dynamic aspects of a global carbon tax. Some of the initial reduction in consumption will be offset through higher consumption later on. Only high-cost reserves will be priced out of the market, e.g., at 200 dollars per ton of CO₂ cumulative emissions decrease by 4%. The tax incidence initially falls on consumers under a constant tax but eventually becomes negative as the lifetime of the resources is extended. An increasing tax over time reduces the initial incidence on consumers." @default.
- W2962741824 created "2019-07-30" @default.
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- W2962741824 date "2019-07-01" @default.
- W2962741824 modified "2023-09-27" @default.
- W2962741824 title "Coase, Hotelling and Pigou: The Incidence of a Carbon Tax and CO₂ Emissions" @default.
- W2962741824 doi "https://doi.org/10.3386/w26086" @default.
- W2962741824 hasPublicationYear "2019" @default.
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