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Essays on Economic Policy Design in the Presence of Political Constraints
Essays on Economic Policy Design in the Presence of Political Constraints
Essays on Economic Policy Design in the Presence of Political Constraints

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자료유형  
 학위논문 서양
최종처리일시  
20250211151116
ISBN  
9798382777252
DDC  
320
저자명  
Behmer, Scott Francis.
서명/저자  
Essays on Economic Policy Design in the Presence of Political Constraints
발행사항  
[Sl] : The University of Chicago, 2024
발행사항  
Ann Arbor : ProQuest Dissertations & Theses, 2024
형태사항  
116 p
주기사항  
Source: Dissertations Abstracts International, Volume: 85-12, Section: B.
주기사항  
Advisor: Bursztyn, Leonardo.
학위논문주기  
Thesis (Ph.D.)--The University of Chicago, 2024.
초록/해제  
요약This dissertation contains two essays on optimal policy design in the presence of political constraints.The first essay relates to an active debate among economists regarding clean energy subsidies. The models used to inform this debate have a common simplifying assumption: the preferences of the government are kept constant over time. In reality, control of the government often rotates between parties with very different policy preferences. This paper finds that adding turnover in party control of the government can have significant implications. Specifically, the party more concerned about the environment ("the green party") finds it optimal to subsidize irreversible investments in clean energy, even when carbon taxes are available and can be placed at any level. Quantitative evidence suggests that this mechanism can justify the use of relatively large clean energy investment subsidies.The next essay relates to the design of international climate agreements in a context where countries must be incentivized to voluntarily join the agreement. Existing literature has focused on two possible ways to incentivize participation in a climate agreement: 1. participants can threaten to increase carbon emissions if other countries don't join or 2. participants can threaten to place trade sanctions on countries who don't join. This paper offers a novel justification for using trade sanctions to incentivize participation: if there's a chance that punishments will have to actually be carried out, using trade sanctions is welfare improving because trade sanctions are far more efficient punishments than carbon emissions increases. This argument is formalized using a game with incomplete information. A calibration exercise suggests that using trade sanctions to enforce a climate agreement could significantly increase global welfare.
일반주제명  
Public policy
일반주제명  
Energy
키워드  
Clean energy subsidies
키워드  
Climate policy
키워드  
Political economy
키워드  
Climate agreements
키워드  
Carbon emissions
기타저자  
The University of Chicago Economics
기본자료저록  
Dissertations Abstracts International. 85-12B.
전자적 위치 및 접속  
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■035    ▼a(MiAaPQ)AAI31145501
■040    ▼aMiAaPQ▼cMiAaPQ
■0820  ▼a320
■1001  ▼aBehmer,  Scott  Francis.
■24510▼aEssays  on  Economic  Policy  Design  in  the  Presence  of  Political  Constraints
■260    ▼a[Sl]▼bThe  University  of  Chicago▼c2024
■260  1▼aAnn  Arbor▼bProQuest  Dissertations  &  Theses▼c2024
■300    ▼a116  p
■500    ▼aSource:  Dissertations  Abstracts  International,  Volume:  85-12,  Section:  B.
■500    ▼aAdvisor:  Bursztyn,  Leonardo.
■5021  ▼aThesis  (Ph.D.)--The  University  of  Chicago,  2024.
■520    ▼aThis  dissertation  contains  two  essays  on  optimal  policy  design  in  the  presence  of  political  constraints.The  first  essay  relates  to  an  active  debate  among  economists  regarding  clean  energy  subsidies.  The  models  used  to  inform  this  debate  have  a  common  simplifying  assumption:  the  preferences  of  the  government  are  kept  constant  over  time.  In  reality,  control  of  the  government  often  rotates  between  parties  with  very  different  policy  preferences.  This  paper  finds  that  adding  turnover  in  party  control  of  the  government  can  have  significant  implications.  Specifically,  the  party  more  concerned  about  the  environment  ("the  green  party")  finds  it  optimal  to  subsidize  irreversible  investments  in  clean  energy,  even  when  carbon  taxes  are  available  and  can  be  placed  at  any  level.  Quantitative  evidence  suggests  that  this  mechanism  can  justify  the  use  of  relatively  large  clean  energy  investment  subsidies.The  next  essay  relates  to  the  design  of  international  climate  agreements  in  a  context  where  countries  must  be  incentivized  to  voluntarily  join  the  agreement.  Existing  literature  has  focused  on  two  possible  ways  to  incentivize  participation  in  a  climate  agreement:  1.  participants  can  threaten  to  increase  carbon  emissions  if  other  countries  don't  join  or  2.  participants  can  threaten  to  place  trade  sanctions  on  countries  who  don't  join.  This  paper  offers  a  novel  justification  for  using  trade  sanctions  to  incentivize  participation:  if  there's  a  chance  that  punishments  will  have  to  actually  be  carried  out,  using  trade  sanctions  is  welfare  improving  because  trade  sanctions  are  far  more  efficient  punishments  than  carbon  emissions  increases.  This  argument  is  formalized  using  a  game  with  incomplete  information.  A  calibration  exercise  suggests  that  using  trade  sanctions  to  enforce  a  climate  agreement  could  significantly  increase  global  welfare.
■590    ▼aSchool  code:  0330.
■650  4▼aPublic  policy
■650  4▼aEnergy
■653    ▼aClean  energy  subsidies
■653    ▼aClimate  policy
■653    ▼aPolitical  economy
■653    ▼aClimate  agreements  
■653    ▼aCarbon  emissions
■690    ▼a0501
■690    ▼a0511
■690    ▼a0630
■690    ▼a0791
■71020▼aThe  University  of  Chicago▼bEconomics.
■7730  ▼tDissertations  Abstracts  International▼g85-12B.
■790    ▼a0330
■791    ▼aPh.D.
■792    ▼a2024
■793    ▼aEnglish
■85640▼uhttp://www.riss.kr/pdu/ddodLink.do?id=T17160787▼nKERIS▼z이  자료의  원문은  한국교육학술정보원에서  제공합니다.

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