An Intertemporal General Equilibrium Analysis of CO2 Emissions Problem

Estimation of embodied CO2 emissions by general equilibrium model

This study estimates the extent to which embodied CO2 emissions are increased or reduced when a socioeconomic structural change occurs. Embodied CO2 emissions were estimated by input-output models (I-O models) and a general equilibrium model (GE model), and the respective results were compared. The embodied CO2 emissions differ greatly depending on the assumptions of the total system. The embod...

Intertemporal general equilibrium and monetary theory 1

The introduction of banks that issue money and supply balances and pay out their profits as dividends is the natural modification of the model of general competitive equilibrium that encompasses monetary economies. Competitive equilibria exist. Nevertheless, eventhough there is a well defined money market, competitive equilibrium allocations are indeterminate. On an event tree with N nodes, of ...

Property Markets and Policies in an Intertemporal General Equilibrium Model

Environmental Tax Reform and Producer Foresight: An Intertemporal Computable General Equilibrium Analysis

This article analyzes the nonenvironmental welfare costs of an environmental tax reform using a numerical intertemporal general equilibrium model for the Norwegian economy. By exploiting existing tax wedges in the labor market and between consumption and saving, the total nonenvironmental welfare effect of the tax reform is positive. The article also analyzes how imperfect price expectations fo...

An Inquiry on General Equilibrium Effects of MERCOSUR—An Intertemporal World Model

A multiregion dynamic computable general equilibrium model is constructed to analyze effects of the Southern Common Market (MERCOSUR) on the member countries as well as third-party nonmember countries. The model is based on intertemporal optimization behaviors of consumers and firms with eight endogenously specified regions. By taking into account dynamic general equilibrium adjustments, we obs...