이전글
| [Seminar] Inelastic Supply of Fossil Energy and Competing Environmental Policies - Prof. Seung-Gyu (Andrew) Sim | |||||
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| 작성자 | 최고관리자 | 작성일 | 17-02-27 12:48 | ||
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Professor Seung-Gyu (Andrew) Sim visited the GETPPP Green School on February 24, 2017. The professor from University of Tokyo came to discuss his paper titled "Inelastic Supply of Fossil Energy and Competing Environmental Regulatory Policies." Professor noted that that under the assumption of elasticity of fossil energy pricing, the "Piguovian taxation" and "cap-and-trade" policies amount to the same. The author demonstrates that under inelastic fossil energy pricing, "cap-and-trade" policies outperform 'Piguovian taxation" maximizing global welfare.
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