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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
상세정보
- 자료유형
- 학위논문 서양
- 최종처리일시
- 20250211151116
- ISBN
- 9798382777252
- DDC
- 320
- 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
- Climate policy
- 키워드
- Carbon emissions
- 기타저자
- The University of Chicago Economics
- 기본자료저록
- Dissertations Abstracts International. 85-12B.
- 전자적 위치 및 접속
- 로그인 후 원문을 볼 수 있습니다.
MARC
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■00520250211151116
■006m o d
■007cr#unu||||||||
■020 ▼a9798382777252
■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.


