抄録
This study examines the welfare implications of allowing border carbon adjustments (BCAs) in a globalized economy characterized by international trade and cross-border pollution (CBP). The model predicts that adopting BCAs is a weakly dominant strategy and global welfare is maximized when at least one country adopts BCAs in the presence of CBP, such as global warming. This is because adopting BCAs induces other countries to raise their domestic emission tax rates without concerns such as the excessive shrinkage of domestic production and aggravation of CBP.
| 本文言語 | English |
|---|---|
| ジャーナル | Asian Journal of Law and Economics |
| DOI | |
| 出版ステータス | Published - 2022 8月 1 |
| 外部発表 | はい |
ASJC Scopus subject areas
- 経済学、計量経済学および金融学（その他）
- 法学